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Cambodia: Thai franchises look to get foothold

The president of RCG Retail Cambodia has said franchises from Thailand are looking to expand their businesses in the Kingdom to successes brought by the model. Jiranun Wongmongkol, president of RCG Retail Cambodia, last week told Khmer Times that there are currently ten Thai franchises operating in the Kingdom. Ms Wongmongkol, who previously served as […]

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Philippines: Budget deficit seen to widen next year

MANILA, Philippines — Fitch Solutions Macro Research expects the Philippines to incur a wider budget deficit next year as the 2020 national budget supports President Duterte’s desire to transform the country into an upper middle-income economy. The unit of the Fitch Group said the Philippines may incur a wider budget shortfall of 3.5 percent of […]

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Thailand: Chinese comeback awaited in October

More than 250,000 Chinese visitors are expected to travel to Thailand during China’s Golden Week, up about 20% from the same period last year when the industry was reeling from the fatal tour-boat accident off of Phuket. The festival falls on Oct 1-7. Vichit Prakobgosol, president of the Association of Thai Travel Agents (Atta), said […]

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