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Thailand: Desperate Chiang Mai hotels turn to discounts

Chiang Mai hoteliers have slashed their room rates by up to 90% during the off-peak season to attract more guests with weaker purchasing power. La-Iad Bungsrithong, president of the Thai Hotels Association’s northern chapter, said tourists mostly flock to beach destinations in the South in March, prompting operators in the province to prepare for the […]

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Thailand: New plan for hotel quarantine

A proposal to allow foreign visitors to leave their hotel rooms after the first three days of their mandatory 14-day quarantine period will be submitted to the Centre for Covid-19 Situation Administration (CCSA). If approved, visitors next month would only be required to spend three days in their hotel rooms. Visitors could leave their rooms […]

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Malaysia: New trends for the future

KUALA LUMPUR: The concept of ‘inclusive intelligence’ is vital for brand building and customer relationships. Inclusive intelligence means the ability of brands to incorporate new views, values and behaviours into their value proposition against a backdrop of widening inequality and ethical complexity. Dentsu International has released a global report on dentsu consumer vision titled “The […]

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Philippines: Banks’ NPL ratio rises anew to 3.7% in January

MANILA, Philippines — The asset quality of Philippine banks deteriorated anew as the industry’s gross non-performing loan (NPL) ratio increased to 3.7 percent in January from 3.61 percent in December, as the mandated 60-day debt moratorium to soften the impact of the pandemic on borrowers expired last year, according to the Bangko Sentral ng Pilipinas […]

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