The massive blow to the tourism industry caused by the outbreak may offer an opportunity for hotel investors waiting for property sales, but operators in Chiang Mai and Phuket have yet to witness that phenomenon. “Over the past 10 years, hotel trading in Thailand was worth about 125 billion baht, but during 2017-18, the figure […]
Read MoreThe Hanoitimes – Health continued to be No.1 concern among Vietnamese consumers, with the highest level globally. With the Consumer Confidence Index of 126, Vietnam continued to rank fourth in the world for having the most positive consumers, after India, the Philippines and Indonesia, according to a latest survey. Compared to the last quarter of 2019, […]
Read MoreMALAYSIA could see a full-year recession in 2020, due to the economic fallout from the movement control order (MCO) as well as a worsening global economic outlook, Fitch Solutions warned. The market intelligence firm said it has slashed its 2020 real growth domestic product (GDP) growth forecast for Malaysia to -2.8 per cent, down from […]
Read MoreThe government should boost economic recovery spending to Rp 600 trillion (US$40.17 billion) to help businesses cope with the economic impacts of the COVID-19 crisis, as many businesses only have enough cash flow to maintain their operations for the next two months, a business lobby group has said. Indonesian Chamber of Commerce and Industry (Kadin) […]
Read MoreThe government is being urged to provide financial support of at least 50 billion baht to the gems and jewellery industry, which has been hit hard by the coronavirus outbreak, to enable producers stay in business and retain skilled labour. Duangkamol Jiambutr, director of the Gem and Jewelry Institute of Thailand (GIT), said local manufacturers […]
Read MoreSINGAPORE – New private home sales plunged to a five-year low last month and are expected to remain low in May as showflat galleries stay closed and new launches are pushed back further because of the extended circuit breaker. Developers in Singapore sold 277 private homes last month, down 58 per cent from 660 homes in […]
Read More
Thailand
