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Thailand: Tourism firms in final push

The festive season and a hard sales push in December are seen as the final efforts for local tourism operators to increase average occupancy to 50% this year, which is still notably short of the 69.5% average posted in 2019. Thapanee Kiatphaibool, deputy governor for domestic marketing at the Tourism Authority of Thailand (TAT), said the […]

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Malaysia: Resilient outlook for consumer spending in 2023

PETALING JAYA: Consumer spending is expected to remain resilient going into 2023, underpinned by economic growth and stable employment markets. However, in a report, RHB Research said the growth momentum may cool in view of the absence of spending boosters, namely Employees Provident Fund withdrawals, loan moratoriums, low interest rates, high commodity prices and pent-up […]

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Cambodia: 9th Sea Festival begins today

Over 130 international delegates from 21 countries have registered to participate in the 9th Sea Festival and the 2022 World Congress of the Most Beautiful Bays in the World Club (World-Bays Club) to be held from 9th-11th December 2022 in Sihanoukville, said a release by the Ministry of Tourism (MoT). The figure was presented during […]

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Philippines: Less choppy waters ahead for peso in 2023

MANILA, Philippines — The peso is likely to face less choppy waters in 2023 after emerging as one of the worst performing currencies in Asia this year when the external position of the Philippines deteriorated significantly, according to ANZ Research. In its Asia FX Outlook 2023, “Ready to Rebound Even if Growth Slows,” ANZ Research […]

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