Chinese company China Good Cars Holding Ltd has announced a plan to invest $160 million in a heavy truck terminal on the outskirt of Phnom Penh in order to reduce traffic congestion in the city, according to the Ministry of Public Works and Transport. The plan was announced during a meeting between Minister Sun Chanthol […]
Read MoreCountries with a substantial domestic travel engine will be able to increase GDP figures and combat jobless rates better than those with more limited domestic demand reliant on inbound tourism, says STR, a hospitality market analyst. As nobody knows when the pandemic will end, the situation is precarious, with tourism restarting with the local market, […]
Read MoreVietnam takes the fourth position in the access-to-electricity index in 2019 in the Association of Southeast Asian Nations (ASEAN), with 82.2 points, according to the World Bank’s Doing Business report. The index was up 0.3 point compared to 2018 and ranked 27th out of 190 countries and economies, the Electricity and Renewable Energy Authority under […]
Read MoreMANILA, Philippines (UPDATE 2 12:43 p.m., May 7)— The Philippine economy shrank for the first time in more than 21 years in the first quarter, the clearest sign of damage from the coronavirus pandemic which both government officials and analysts expect to worsen this quarter. Gross domestic product (GDP), the sum of all goods and services […]
Read MoreSINGAPORE – The project completion period (PCP) for eligible residential, commercial and industrial developments will be extended by six months with immediate effect. That means if the projects were originally required to be completed on Feb 1, they must now complete them by Aug 1. Married Singaporean couples will have one year instead of six […]
Read MoreThe impact of COVID-19 might linger long after the pandemic ends as stakeholders in tourism, one of the hardest-hit sectors, brace for a major shift in customer behaviour and preferences after the dust settles. As tourists drop travel plans on the back of social distancing requirements, the government, initially set to develop tourism as the […]
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Thailand
