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Thailand: TAT maps out new targets for tourism

The tourism industry is expected to hit rock bottom this year with total revenue of 328 billion baht but will rebound next year and reach 80% of its 2019 level in 2023, according to the Tourism Authority of Thailand (TAT). The kingdom has been rocked by global travel restrictions caused by the novel coronavirus, resulting […]

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Singapore plans to expand quarantine-free travel with South Korea, US

SINGAPORE: Singapore plans to widen its quarantine-free travel programme to include fully vaccinated individuals from South Korea and the United States as the financial hub moves cautiously to reopen its borders. Fully vaccinated travelers can travel between the city-state’s Changi airport and South Korea’s Incheon airport, taking Covid-19 Polymerase Chain Reaction (PCR) tests instead of […]

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Philippines: SEC clears 4 public offerings

MANILA, Philippines — The Securities and Exchange Commission cleared four public offerings on Thursday, allowing these companies to continue raising cash to meet their needs amid the pandemic. In a statement, the SEC said it approved the planned fundraising activities of Ayala Land Inc., Synergy Grid & Development Phils Inc., Megawide Construction Corp. and The […]

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Thailand: Economic recovery in motion

Thailand’s plan to attract 1 million quality tourists by the first quarter of next year is to serve as a key blueprint to drive the economic recovery after almost two years of being hit by the coronavirus pandemic. Deputy Prime Minister and Energy Minister Supattanapong Punmeechaow said Thailand has learned from past lessons and now […]

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Philippines: Meralco hikes power rate anew in October

MANILA, Philippines — Customers of Manila Electric Co. would see higher power bills for the seventh straight month in October due to bigger transmission costs. In a statement on Friday, the largest power distributor in the country said the overall rate for a typical household “slightly” inched up by P0.0283 per kWh. The adjustment means […]

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