The pandemic has accentuated the imbalance in the oversupply of hotels and low demand, with most operators struggling to break even, according to the Thai Hotels Association (THA). About 1 million hotel staff were laid off and demand for labour in the sector shrank by 75% because half the hotels nationwide remain closed, according to […]
Read MoreThe gradual reopening of the Philippine economy in the remaining months of 2020 could narrow the current account surplus, according to Fitch Solutions. In a report late last week, the macroeconomic research arm of the Fitch Group said its core economic scenario saw the economy gradually reopening through late 2020 and early 2021, allowing domestic […]
Read MoreBANDAR SERI BEGAWAN, Sept 14 (Borneo Bulletin/ANN): There has been a 78.4 per cent drop in the number of Brunei visitors to Malaysia in the first six months of this year with 135,593 people travelling to the neighbouring nation from January to June 2020, compared to 627,112 in the same period last year, Tourism Malaysia […]
Read MoreThailand’s cross-border trade fell 8.5% year-on-year in the first seven months, largely due to the closure of border checkpoints to prevent the spread of the coronavirus and the slowing economies of neighbouring countries. The Foreign Trade Department reported that overall cross-border trade, including transit trade, totalled 741 billion baht for January to July, with Malaysia […]
Read MoreKUALA LUMPUR: Malaysia is keeping pace with Southeast Asia’s digital transformation by recording the highest percentage of digital consumers with 83 per cent of its population (aged 15 years and above), based on a study titled “Digital Consumers of Tomorrow, Here Today” conducted by Facebook and Bain & Company. The study said almost 70 per […]
Read MoreMANILA, Philippines — The gap in the country’s trade balance further widened in July, the most in four months, as imports continue to outpace exports, the Philippine Statistics Authority (PSA) said. Total external trade in goods during the month amounted to $13.13 billion, from $12.137 billion in June. This, however, was still a decline of […]
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