Tourism Minister Arief Yahya says growth in the Indonesian tourist industry may surpass that of Thailand within the next five years. “We can beat ‘Amazing Thailand’ and ‘Malaysia Truly Asia’ ,” Arief said in a discussion at the State Secretariat in Jakarta on Tuesday as reported by kompas.com, arguing that in 2014, Indonesia ranked 70th in the world tourist Industry, but […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas is rushing the launch of more automated clearing houses (ACHs) particularly on government transactions as it aims to increase the level of cashless transactions to 20 percent by 2020 from the current level of about one percent. Vicente de Villa III, officer-in-charge of the central bank’s financial technology sub-sector (FTSS), said […]
Read MorePHNOM PENH (The Phnom Penh Post/ANN) – The Poipet Airport development project, abandoned for more than 10 years, will resume construction in 2020 as the city welcomes more Chinese nationals, said provincial authorities. Hotel investment firm Holiday Palace began construction of the airport in 2007 and laid runway foundations before it was suspended, apparently due to the 2008 […]
Read MoreVIENTIANE (Vientiane Times/ANN) – The Cabinet has directed the Ministry of Industry and Commerce to play the role of a coordinator to develop policies and mechanisms that facilitate Lao businesses. The Cabinet, under the leadership of Prime Minister Thongloun Sisoulith, adopted this resolution at its monthly meeting held on October 19, according to a media release […]
Read MoreDespite an expected decrease in the loan-to-value (LTV) ratio of mortgages, new condo supply in Bangkok in the fourth quarter will continue as planned. Phattarachai Taweewong, senior manager at Colliers’ research department, said developers in the condo segment are not worried about the Bank of Thailand’s proposed LTV limits and will continue with their fourth-quarter […]
Read MoreThere are too many simplistic and misleading explanations going around about inflation, why it happened and what ought to be done. The problem is… government was in denial about the danger posed by inflation until it came around with a bang. President Duterte blamed our lack of oil resources for inflation and he said that explains […]
Read More
Thailand
