The Tourism and Sports Ministry is poised to start collecting a 500-baht tourism fee for a “tourism transformation fund” next year, with the budget following a co-payment model. The Centre for Economic Situation Administration last week approved the creation of the fund, which is expected to subsidise projects that transform the industry, focusing on high-value […]
Read MoreThe Cambodian economy could be expected to grow by around two per cent this year and five per cent in 2022 with extensive government support and a recovery in external demand, according to the International Monetary Fund (IMF). An IMF team led by senior economist Alasdair Scott conducted virtual discussions for the 2021 Article IV […]
Read MoreThe Philippine index is expected to monitor the country’s pandemic situation, along with the print of the September inflation rate, the developments global oil prices, and the performance of the Philippine peso this trading week. Philstocks Financial Inc. senior research analyst Japhet Tantiangco sees the movement of the local bourse this trading week to be dependent on the local Covid-19 situation, as […]
Read MoreWe maintain our view the Bank of Thailand will keep its key policy interest rate on hold at 0.50% through the rest of this year and 2022, as it looks to maintain an accommodative stance amid the country’s economic struggles. At its meeting on Wednesday, the Monetary Policy Committee (MPC) voted unanimously to keep the […]
Read MorePopulation aging could slow down Vietnam’s long-term growth in the 2020–2050 period by 0.9 percentage points compared with the last 15 years, a new World Bank (WB) report finds. According to the report Vietnam: Adapting to an Aging Society, jointly produced by the WB and the Japan International Cooperation Agency (JICA), Vietnam is going through […]
Read MoreThe baht opened at 33.64 to the US dollar on Monday, unchanged from the previous closing rate. The Thai currency is likely to move between 33.55 and 33.75 during the day and between 33.40 and 34.00, Krungthai Bank market strategist Poon Panichpibool predicted. Poon predicted that the dollar would drift sideways this week because investors […]
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