Amid worries that the ever-increasing number of foreign companies, particularly Chinese, in Sihanoukville’s hospitality sector may be taking business away from locals, authorities in the seaside province have agreed to create a joint-working group to enforce current legislation and guide the drafting of new one. The meteoric rise of tourist arrivals to the coastal areas […]
Read MoreSINGAPORE monies that went into overseas real-estate investments last year rose by about 40 per cent to a record US$28.4 billion, up from US$20.4 billion in 2016 and upending the last high of US$27.6 billion in 2015. Sovereign wealth fund (SWF) GIC had a hand in all three of Singapore’s largest outbound property deals in […]
Read MoreTEMPO.CO, Cengkareng – Garuda Indonesia received an international award through the Asean Tourism Awards 2018 in Chiang Mai, Thailand, Friday, January 26. Garuda awarded for the Best Asean Airlines Program category. The award was given by the Minister of Tourism, Arief Yahya, to Director of Marketing and IT Garuda Indonesia, Nina Sulistyowati. Garuda Indonesia won because of the “AyoLiburan” […]
Read MoreTHAILAND’S Finance Ministry has projected higher economic growth for this year, predicting a growth rate of 4.2 per cent and upgrading its economic forecast to 4 per cent for 2017. In its monthly and quarterly economic reports, the Fiscal Policy Office yesterday revised upward its forecast for last year’s growth rate to 4 per cent, […]
Read MoreKUALA LUMPUR: The ringgit opened lower against the US dollar today and on the back of mild profit taking and subdued global crude oil prices, dealers said. At 9.00 am, the ringgit stood at 3.8930/8960 against the greenback from Monday’s close of 3.8790/8840. The benchmark Brent crude recorded a 1.41 per cent decline to US$69.16, […]
Read MoreMANILA, Philippines — The Securities and Exchange Commission stressed that initial coin offerings (ICOs) must be registered with the SEC. In a briefing yesterday, SEC commissioner Emilio Aquino said unlike China and South Korea, the Philippines is allowing ICOs as long as the entities offering crypto currencies comply with the SEC’s registration and disclosure requirements. […]
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