The baht opened at 36.22 to the US dollar on Tuesday, weakening from Monday’s close of 36.18. The currency is expected to move between 36.15 and 36.35 during the day, predicted Krungthai Bank market strategist Poon Panichpibool. Poon said the baht is likely to fluctuate and weaken as the dollar is strengthening and investors are […]
Read MoreMANILA, Philippines — Philippine retailers remain hopeful of the industry’s recovery despite external factors that may affect operations. “So far the outlook this year is positive,” Philippine Retailers Association (PRA) president Rosemarie Bosch-Ong told reporters in an interview. She referred to first quarter figures from the Philippine Statistics Authority (PSA), which showed that retail trade […]
Read MoreTourism activity and domestic consumption in Cambodia showed signs of recovery in 2022, according to a report. In its ‘Cambodia Economic Update June 2022’ the World Bank said the travel and tourism industry in the country gradually recovered, underpinned initially by domestic travel and tourism after the relaxation of travel restrictions started in October 2021. […]
Read MoreHotel operators have voiced mixed feelings over travel sentiment for the two long holidays in July as the spike in Covid-19 infections and oil prices continue to impact tourism. “Overall sentiment for Hua Hin this month is not as good as April, which recorded 90% occupancy, due to many negative factors, especially rising diesel prices […]
Read MoreThe construction sector is projected for recovery, driven by the influx of foreign investment, as the sector reached more than $1 billion in value in the first half of this year. The draft law on finance for the year 2023 stated that the construction sector is projected to continue to recover at a rate of […]
Read MoreApparently, most Filipinos are back to what they love to do most: malling and eating out. After months of restraint, even despite weekly warnings of rising COVID-19 cases, malls are teeming with families while restaurants are packed with diners. This sudden surge in consumer demand, as expected, creates its own little kinks. First, it was […]
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Thailand
