Thailand has lost about 1.45 million tourism jobs during the coronavirus pandemic, including 400,000 in the first quarter, a private tourism group said on Monday, as the country gets ready to reopen to visitors to try to rescue the struggling sector. Tourism is a key driver of Thailand’s growth, typically accounting for 11-12% of gross […]
Read MoreCambodian exports of industrial products, including garment products, were worth $6.370 billion in 2020, a year-on-year decrease of 43 percent, according to data released by the Ministry of Industry, Science, Technology and Innovation. The ministry’s report showed that exports of garments, footwear and travel goods reached only $3 billion, a massive decrease from the $9.32 […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is seen maintaining an accommodative stance to help rejuvenate the economy amid a surge in COVID-19 infections, according to Fitch Solutions and Moody’s Analytics. In its latest commentary, Fitch Solutions Country Risk & Industry Research said the central bank’s Monetary Board is likely to keep its […]
Read MoreDisbursement of the foreign capital inflow rose by 6.5% to US$4.1 billion during the January-March period. Foreign Direct Investment (FDI) commitments during the first quarter of 2021 surged by 18.5% year-on-year to US$10.13 billion, a report of the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment has shown. Meanwhile, disbursement of the foreign […]
Read MoreThe Customs Department is set to launch a digital platform to facilitate importers who are individual entrepreneurs to address import-related obstacles. Phantong Loykutnanta, deputy director-general of the department, said with thriving cross-border purchases via e-commerce, 38 million parcels a year are imported by international delivery companies through express mail services at Suvarnabhumi airport. Another 5 […]
Read MoreKUALA LUMPUR: Malaysia’s February exports rose 17.6% year-on-year (y-o-y) to RM87.57bil, backed by rising global demand for semiconductors, rubber products as well as petroleum products and palm oil. According to the International Trade and Industry Ministry (Miti), this was a sixth consecutive month of export growth for the country and its highest recorded growth in […]
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