Tourism operators anticipate a gloomy New Year’s period, citing the strong currency as keeping foreign holidaymakers at home. Vichit Prakobgosol, president of the Association of Thai Travel Agents (Atta), said despite a huge influx of Chinese arrivals this year, Thailand is unlikely to gain much of a windfall from the New Year’s Eve event cancellations […]
Read MoreThe Yangon Region government has announced that it is planning to upgrade the Sel Ein Tan coastal area near Letkhokkon Beach in Kungyangon township to become a tourist destination, the region’s tourism officials say. “Some Yangonites are already going to Sel Ein Tan to escape city life and to to eat sea food. While infrastructure […]
Read MoreThe Bank of Thailand left the policy rate unchanged at a record low but offered a grim outlook by cutting forecasts for economic growth to 2.5% for this year and 2.8% the next as the US-China trade spat continues to hurt exports. The economy expanded below its potential as merchandise exports contracted more than previously […]
Read MoreThe Office of Trade Competition Commission (OTCC) has warned large retail companies against violating anti-monopoly laws after Britain’s biggest supermarket chain, Tesco, announced this month it is considering selling its remaining Asian businesses in Thailand and Malaysia. If prospective buyers want to go ahead with the purchase, “they need first to receive permission from the […]
Read MoreThe Hanoitimes – This move is part of Vingroup’s restructuring process, aiming to reallocate its resources to core businesses of industry and technology to compete globally, said a company executive. The merger of ecommerce platform Adayroi, operated by Vingroup’s retail arm VinCommerce, into the conglomerate’s ecosystem VinID and the dissolution of its electronic retail business VinPro […]
Read MoreCambodia’s exports under General Systems of Preferences (GSPs) and free trade agreements were valued at $10.81 billion during the first 10 months of the year, an increase of 6.45 percent, according to the Ministry of Commerce. In its latest report, the ministry notes that, from January to October, exports of garments were worth $6.4 billion, […]
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