The National Tourism Policy Committee has approved the proposed guidelines for the collection of a 300-baht tourism fee from each international visitor for the management of local tourist destinations. The money will also be used to provide insurance benefits to international tourists visiting the country. Tourism and Sports Minister Phiphat Ratchakitprakarn said each foreign visitor […]
Read MoreMANILA (Reuters) – The Philippines on Friday extended by two weeks a ban on travelers from more than 30 territories and countries where a more transmissible COVID-19 variant has been detected, with the restriction also now covering Filipinos who want to come home. The Southeast Asian country, which has recorded its first case of a […]
Read MoreThe reflation trade has been gathering momentum again in recent weeks as shown by rising U.S. Treasury yields and increasing inflation expectations. That may spell trouble for bonds in Indonesia and Malaysia. The two debt markets are among the most at risk in emerging Asia from climbing U.S. yields that typically accompany periods of reviving growth, according […]
Read MoreMANILA, Philippines — The country’s foreign reserves hit an all-time high in 2020 on the back of ballooning external debt while domestic demand that used to drive dollar outflows remained weak amid a pandemic-induced recession. Gross international reserves amounted to $109.8 billion as of end-December last year, up 4.77% on a month-on-month basis, the Bangko […]
Read MoreHANOI — The cost to hire shipping containers has skyrocketed to nearly ten times its pre-pandemic level, according to export businesses and trade agencies. During the last three months, the cost to hire a 40-foot container increased to US$8,000, even to $10,000 in certain cases, from less than $1,000 at the beginning of 2020. It has sharply […]
Read MoreThe top three worst impacted provinces would be Bangkok, which would lose 81.42 billion baht, Chonburi (15.46 billion baht) and Phuket (2.79 billion baht). (Chineses tourists in Thailand last year) BANGKOK: The new Covid-19 outbreak will wipe 140 billion baht off Thailand’s trade and tourism revenue, TMB Analytics forecast. Trade and tourism account for 22% […]
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Thailand
