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‘Philippines among fastest to recover this year’

S&P says credit upgrade possible MANILA, Philippines — The Philippines may emerge as one of the fastest-growing economies in the region over the next two years, according to US-based credit rating agency S&P Global Ratings. The debt watcher sees the Philippine economy rebounding with a growth of 9.6 percent this year and 7.6 percent next […]

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Thailand: Operators to restart limited packages by year-end

Outbound operators hope to restart packages with a small number at the end of this year, while presenting premium domestic packages as options for those with less confidence in the tourism industry. Suthiphong Pheunphiphop, president of the Thai Travel Agents Association (TTAA), said operators are waiting for more updates on concrete plans from the government […]

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Thailand: Ministry cuts 2021 growth forecast to 2.8%

The Finance Ministry has cut its economic forecast for 2021 to 2.8% from the 4.5% expected in October, factoring in the resurgence of Covid-19 and fresh government stimulus measures. Thursday’s downgrade follows similar recent warnings that Thailand faces downside risks. Earlier this month, the central bank signalled its own 3.2% GDP growth forecast for the […]

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