HOTELIERS in Thailand could see losses continue until late 2021, as foreign visitors continue to stay away, even though the industry may be past the worst of its earnings crisis. Despite two domestic tourism stimulus packages unveiled in July, local take-up has been muted and consumer spending at hotels remains below operators’ break-even levels, said […]
Read MoreMANILA, Philippines — The National Economic and Development Authority (NEDA) urged the public yesterday to give the Rice Tariffication Law a chance to take effect in the structural transformation of the economy and contribute to the growth of the agriculture sector. In a webinar yesterday on the effect of the law, Acting Socioeconomic Planning Secretary […]
Read MoreThe Hanoitimes – Assuming there is no further massive outbreak domestically, it is expected the recovery to extend further in the fourth quarter. Despite lowering Vietnam’s GDP forecast in 2020 from 3.5% to 2.8%, Singapore-based United Overseas Bank (UOB) has raised its prediction for the country’s economic growth in 2021 from 6.6% to 7.1%. While the […]
Read MoreThe COVID-19 pandemic has had a major impact on the Indonesian economy. However, a recent survey by a job portal provides a glimmer of hope for those looking for new opportunities during the health crisis. According to Statistics Indonesia (BPS), 82.85 percent, or roughly eight out of 10, companies have experienced a decrease in revenue […]
Read MoreKUALA LUMPUR: Overall foreign portfolio inflows almost doubled to RM4.6bil in the third quarter ended Sept 30 this year (3Q20) compared with RM2.4bil in 2Q20, says United Overseas Bank (Malaysia) Bhd global economics & markets research. UOB Malaysia senior economist Julia Goh said this increase was despite moderating foreign flows into Malaysia’s bond market and […]
Read MoreThe government’s latest 30,000-baht tax break, offered to taxpayers buying goods and services, is expected to boost Thailand’s electrical appliance market to more than 200 billion baht in value. Executives at retailers and appliance companies such as Power Mall, Toshiba, Sony and Sharp share the belief that the latest tax incentive will stimulate consumer spending […]
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Thailand
