MANILA, Philippines — Headline inflation is seen hitting 3.5 percent this year, still slower than the 2021 level despite increased pressure due to the ongoing Ukraine-Russia war. In its latest economic monitor, international think tank Pantheon Macroeconomics significantly raised its inflation forecast for 2022 to 3.5 percent from 2.8 percent. This as the conflict between […]
Read MoreMany travel firms say that their inbound tours remain unsold as ministries and branches are still discussing tourism reopening solutions. The government decided to fully reopen the tourism market from March 15. However, travel firms are still awaiting a legal document that guides the reopening. Because a document has not been released, they still cannot […]
Read MoreSINGAPORE, March 11 — For taxi drivers such as Andy Guan, the recent announcement that all operators will be increasing their fares this month should have brought some cheer, but the reality is that it has not made much of a difference in earnings for the 40-year-old Prime Taxi driver. With most people still working […]
Read MoreThe Tourism Authority of Thailand (TAT) is preparing a plan to relax travel rules in line with the timeline to declare Covid-19 an endemic disease on July 1. The tourism goals for revenue and arrivals this year might be downgraded because of surging oil prices and inflation caused by Russia’s invasion of Ukraine, said TAT […]
Read MoreThailand is to purchase more electricity from Laos this year in order to ensure sufficient supply and meet rising demand. The Kingdom is to increase its electricity purchases from Laos from 9,000 to 10,500 MW after a new agreement was signed, allowing the country to increase its supply from renewable sources. A signing ceremony for […]
Read MoreIncreasing petrol prices caused by the Russia-Ukraine conflict have forced residents in major cities such as Hanoi and Ho Chi Minh City to change their behaviour in order to adapt to the new situation. Residents count cost of latest rises Domestic petrol prices hit all-time high on March 1 when the Government raised retail petrol […]
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Thailand
