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Thailand: Foreign demand still tepid

The country’s reopening on Nov 1 marked the first step towards rebuilding the battered tourism industry, but the process will likely take several years as international demand is still sluggish and a new Covid variant just emerged. According to the Department of Disease Control, Thailand had 133,061 arrivals from Nov 1-30, far below the pre-pandemic […]

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Cambodia: Innovation key to garment industry growth

Cambodia’s garment industry is the cornerstone of the economy accounting for 57 percent of the Kingdom’s exports and making up around 80 percent of its gross domestic product. As wages rise, international fashion houses, such as H&M, Adidas and Nike, may shift production elsewhere unless the industry makes fundamental changes, according to Soun Vichea, Director […]

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Laos opens Chinese-built railway line

VIENTIANE: Laos is set to open a US$6 billion Chinese-built railway on Friday, with debt concerns balanced against hopes it could boost the reclusive nation’s struggling economy. The 414-kilometre route took five years to construct under China’s trillion-dollar Belt and Road Initiative. Analysts have acknowledged the potential economic boost, but have queried how infrastructure-poor Laos […]

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