MANILA, Philippines — Local carriers are gearing up and desperately looking forward to “revenge travel” after the pummeling they experienced due to travel restrictions brought about by the pandemic. Revenge travel refers to the expected surge in demand once restrictions ease up, as people hope to get back the travel opportunities and moments they lost […]
Read MoreCeiling interest rates of consumer loan products, which are currently over 20% per year, are expected to be reduced by at least 1-2%, following calls by the government for the Bank of Thailand (BoT) to review interest rates for credit cards and personal loans to tackle household debt. An executive of a financial institution, who […]
Read MoreCambodia entered the ranks of the world’s gold producers with the start of output in the Okvau region of Keo Seima district in Modulkiri province where Australian mining company, Renaissance Minerals, has carried out 14 years of exploration and research. Its Cambodian subsidiary aims to produce three tonnes of pure gold a year over an […]
Read MoreAirports of Thailand (AoT) is welcoming the country’s planned reopening to foreign visitors as airlines and other businesses have been struggling due to the Covid-19 pandemic, though it said arrivals won’t pick up until October. AoT president, Nitinai Sirismatthakarn, said on Monday the launch of the tourism “Sandbox” programme in Phuket next month may not attract […]
Read MoreMANILA, Philippines — The Philippines will likely achieve herd immunity by early 2023 even as the government ramps up its purchases of COVID-19 vaccines, an international think tank said. In its weekly monitor, UK-based Pantheon Macroeconomics said the relatively slow pace of vaccination in the Philippines indicates that early 2023 is the best chance for […]
Read MoreThe Tourism Authority of Thailand (TAT) aims to offer city bubble and activity-based travel agreement in sandbox areas to ease quarantine requirements in Thailand and the visitor’s home country. “Even though international arrivals can visit sandbox areas with quarantine-free entry, they might face quarantine back home as Thailand is still perceived as high risk,” said […]
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