Tourism leaders are projecting 18 million foreign arrivals in 2023 while holding out little hope the Chinese market will return anytime soon, says the Tourism Authority of Thailand (TAT). “Under the base case scenario, Thailand should have 18 million foreign tourists, of which 72% or around 13 million would come from short-haul markets, contributing 598 billion […]
Read MoreThe Regional Comprehensive Economic Partnership (RCEP), the world’s biggest free trade deal, is all about win-win cooperation, not a zero-sum game, a Cambodian government official said in an exclusive interview with Xinhua. He added that the RCEP will provide tremendous benefits to all participating countries in the long run, as it facilitates free flows of […]
Read MoreMANILA, Philippines — The affirmation of the Philippines’ investment grade rating by Fitch Ratings reflects a credible economic policy framework, strong economic growth and sound external finances, according to economic managers. Bangko Sentral ng Pilipinas Governor Felipe Medalla said the BSP “consistently signals to the market its unwavering commitment to use the tools at its […]
Read MoreCellphone S, FPT Shop, Shop Dunk and Di Dong Viet are rushing to open new stores in the year-end sale season. Cellphone S announced it will open its 100th store in the Mekong Delta city of Can Tho but CEO Nguyen Anh Van said the chain actually has 111 shops in 26 cities/provinces. Cellphone S […]
Read MoreSINGAPORE can absorb record inflows of new money, the central bank chief said, allaying concerns of a real estate bubble even as rents and prices surge to unprecedented highs. The Asian financial hub attracted S$448 billion last year, 59 per cent higher than the previous year, the latest data from the Monetary Authority of Singapore […]
Read MorePETALING JAYA: The market is convinced that Bank Negara will raise its overnight policy rate (OPR) again tomorrow, although some economists questioned the need for a hike amid rising recessionary risks. A poll by Reuters found that 25 out of 27 economists surveyed predicted Bank Negara would hike its OPR by 25 basis points (bps) […]
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