The Tourism and Sports Ministry wants to directly offer subsidies to tour companies that sell packages to the elderly to help inject liquidity faster while the international market remains uncertain. Phiphat Ratchakitprakarn, the tourism and sports minister, said the agency is worried about the delay of the 5-billion-baht tourism stimulus project tailored to those aged […]
Read MoreVietnam’s economy has fared better than that of almost any other country except China during the Covid-19 crisis. It grew by 2.9% last year while most other countries fell into recession. One consequence of the crisis was that manufacturers realised the importance of diversifying supply chains, and many accelerated the China Plus One policies that […]
Read MoreThailand’s cross-border trade is expected to recover to growth of 3-6% this year, helped by Covid-19 vaccine distribution and the global economic recovery. According to Keerati Rushchano, director-general of the Foreign Trade Department, cross-border trade, which includes transit trade, is likely to generate 1.36 to 1.40 trillion baht, up from 1.31 trillion baht in 2020. […]
Read MoreKUALA LUMPUR: The headline IHS Markit Malaysia Manufacturing Purchasing Managers’ Index (PMI) – a composite single-figure indicator of manufacturing performance – dipped to 47.7 in February from 48.9 in January. “This reading indicated a further moderation in the health of the manufacturing sector, although the deterioration was considerably less marked than that seen during the […]
Read MoreMANILA, Philippines — Prices of basic goods and services likely eased in February, but the slowdown may not last long as inflation is expected to sharply rise in the coming months, according to London-based think tank Capital Economics. Headline inflation, which is the rate of increase in the consumer price index, may settle at 3.8 […]
Read MoreSINGAPORE has recorded its first month-on-month decline in international arrivals since the Covid-19 pandemic hammered global travel early last year. Some 23,150 visitors showed up in January, according to Singapore Tourism Board (STB) data – down by 98.6 per cent on the 1.69 million guests in the year-ago period. The latest figure marks a 3.6 […]
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