Tourism operators have raised concerns about the 500 baht fee to be collected from foreign tourists next year, worried that the timeline of this policy may not be appropriate for an industry in dire need of recovery. Marisa Sukosol Nunbhakdi, president of the Thai Hotels Association (THA), said the concept of setting up a transformation […]
Read MoreEconomist at UOB Group Enrico Tanuwidjaja and Yari Mayaseti assess the latest inflation figures in Indonesia. Key Takeaways “Indonesia’s annual inflation rate stood at 1.60% y/y in September vis-à-vis 1.59% a month earlier, but slightly below market expectations at 1.69% (Reuters). This was the highest inflation rate since May, amidst loosening restrictions in some regions […]
Read MoreSINGAPORE – Retail sales in Singapore fell in August from a year ago, with motor vehicle sales taking a hit amid a lower certificate of entitlement quota this year. Takings at the till dropped 2.8 per cent year on year in August, snapping six months of increases that owed much to comparisons with last year, which […]
Read MoreKUALA LUMPUR, Oct 5 — The ringgit ended lower against the US dollar today as the greenback was supported by the expected positive momentum from the ISM Manufacturing Purchasing Managers’ Index data due later in the session, a dealer said. At 6pm, the local note fell to 4.1785/1795 versus the greenback from Monday’s closing of […]
Read MoreThe Ministry of Planning and Investment has projected the country’s gross domestic product (GDP) growth in 2021 at 3%-3.5%, down 0.5 percentage points from the rate forecast in September. At a press briefing on October 2, Deputy Minister of Planning and Investment Tran Quoc Phuong said the forecast was made based on the country’s socioeconomic […]
Read MoreMANILA, Philippines (Update 1, 12:14 p.m.) — Consumer price growth eased in September, beating expectations of a faster climb and supporting the central bank’s decision to keep its easy money policy as the pandemic drags on. Inflation, as measured by the consumer price index, went up 4.8% year-on-year in September, a softer uptick than 4.9% recorded in […]
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Thailand
