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Thailand: Closed borders pose tourism risk

If the country does not let foreign tourists in by the end of the year, some 60% of hospitality enterprises are at risk of going out of business, according to the Tourism and Sports Ministry. “People will be safe from the virus as borders remain closed, but wounds from the economic fallout might be deeper and […]

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Philippines: BOI-approved foreign investments drop 73% in first half as virus spook investors

MANILA, Philippines (Corrected 10:07 p.m.) — Foreign investment pledges approved by the Board of Investments (BoI) sank by more than 70% in the first half as investors abroad hold off expansion plans amid the onslaught of the coronavirus pandemic. Data from the Department of Trade and Industry (DTI) released Monday showed BOI-approved pledges by foreign businessmen sagged 73% […]

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