Thailand will raise its public debt ceiling to accommodate higher borrowing and spending to help support the economic recovery from the pandemic. The limit on the debt-to-gross domestic product ratio will be increased to 70% from 60% to allow the government to borrow more if necessary, Finance Minister Arkhom Termpittayapaisith said after a meeting on […]
Read MoreMANILA, Philippines — Tourism receipts are expected to plunge anew this year as the country continues to struggle to control the pandemic amid the emergence of the highly transmissible Delta variant, according to the Bangko Sentral ng Pilipinas (BSP). Zeno Ronald Abenoja, managing director of the Department of Economic Research in the BSP, said travel […]
Read More[SINGAPORE] Vaccinated travellers from more countries are likely able to enter Singapore without having to quarantine “in the coming weeks and months”. This comes after a successful start to the Vaccinated Travel Lane (VTL), with only one Covid-19 case detected among some 900 travellers who have come in under the scheme. Transport Minister S. Iswaran […]
Read MoreThe Malaysia Budget and Business Hotel Association (MyBHA) is urging the government to enact laws to regulate online travel agencies (OTAs), claiming that the price war among the OTAs have hurt their profit margins amid the Covid-19 downturn. Regulations proposed by the MyBHA include setting a ceiling price on the sales commissions of OTAs as […]
Read MoreDespite the economic devastation wrought by the Covid-19 pandemic, Indonesia is still focused on quality over quantity when it comes to its tourist destinations – as evinced by a senior official’s recent remark that backpackers would be banned from Bali when the resort island reopens to foreigners. Luhut Pandjaitan, the coordinating minister for maritime affairs […]
Read MoreRaising competitiveness and strengthening the links between agriculture and tourism will contribute to post-Covid 19 recovery and inclusive growth in Laos, according to a report by the Asian Development Bank (ADB) unveiled on Friday. The report, “Developing Agriculture and Tourism for Inclusive Growth in Laos”, examines how higher agricultural productivity and new markets for tourism […]
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