State-owned Airports of Thailand Plc (AoT) said on Wednesday it expects the number of passengers passing through its airports to decline by 53% this year due to the outbreak of the new coronavirus. AoT expects the number of passengers to drop to 66.58 million and the number of flights to decline by 44.9% to 493,800 for […]
Read MoreThe Hanoitimes – The economy could expect a boom in private consumption in the post-pandemic period, ranging from tourism, shopping, catering services, to healthcare, said an expert. There is a high possibility that Vietnam could enjoy a V-shaped economic recovery in case the pandemic ends in the second quarter (Q2), given a combination of effective measures […]
Read MoreWhile a number of large manufacturing companies are adapting to the shifts in demand toward health equipment and basic necessities during the COVID-19 pandemic, widespread layoffs and furloughs have still been seen with small and medium-sized manufacturers struggling. Industry Minister Agus Gumiwang Kartasasmita said the industrial landscape was changing during the pandemic with some industries thriving […]
Read MoreThe Bank of Thailand should ensure the baht is competitive and has a trade advantage as the coronavirus pandemic hits the economy, Deputy Prime Minister Somkid Jatusripitak said on Wednesday. The economy, which is heavily reliant on exports and tourism, could lose more than a trillion baht and up to 10 million jobs. While overall […]
Read MoreGEORGE TOWN, April 22 — Penang has set up a special taskforce to formulate a strategy to revive the state’s tourism industry in the “next normal” after the movement control order (MCO), said Chief Minister Chow Kon Yeow. He said the taskforce will gather views from tourism stakeholders in the state so that they could […]
Read MoreThe government remains positive that exports are unlikely to plunge by 8-10% this year as predicted by several forecasting agencies. Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office under the Commerce Ministry, said that despite challenging global factors such as the coronavirus pandemic, there are supporting factors for exports during the rest of […]
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