The relentless rise of Chinese tourists has been one of the biggest stories shaping the global travel industry. In the next three years, outbound trips from China are predicted to reach 178.4 million, while annual expenditure will hit approximately 5.5 trillion baht. Thailand too has felt the positive impact. In August 2019, Chinese tourist arrivals […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) decided yesterday to step on the brake pedal, keeping its interest rates unchanged to monitor the impact of previous monetary actions. In a press briefing, BSP officer-in-charge Francisco Dakila Jr. said the central bank believes that prevailing monetary view settings remain appropriate. The overnight reverse repurchase […]
Read MoreThe Hanoitimes – According to the draft law, conditions for 12 business lines including commercial arbitration organizations, logistics and franchising, are proposed to remove. Investors, especially foreign ones, are expecting more significant changes in the amended Law on Investment as they still have some concerns about the latest draft law. The Ministry of Planning and Investment […]
Read MoreMyanmar has to move to tap into opportunities created by trade tensions between the world’s two largest economies, said a senior Singaporean academic. The US-China trade war has provided “silver linings” for many countries, such as Vietnam. in the Southeast Asia region, said Simon Tay, Chairman of Singapore Institute of International Affairs (SIIA), in the […]
Read MoreGo Vacation, a leading Thai travel management company, has expanded into Cambodia. Bampenh Ho, who has been appointed to oversee the firm’s Cambodia operations, confirmed in a phone call they already have a presence in the Kingdom. “Yes, we started this month,” she said. Ms Ho did not specifically mention the reasons, but it is […]
Read MoreTEMPO.CO, Jakarta – Transportation Minister Budi Karya Sumadi demanded applicators of the online-based motorbike taxi or online ojek, Gojek and Grab Indonesia, improve their driver enrollment system. Budi said that applicators must set new standards in the employment of driver-partners in a bid to beef up security. “We will demand applicators create new standards of new driver registration,” said Budi […]
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