Krungthai Compass, a research unit under Krungthai Bank, expects foreign tourist arrivals in 2023 to more than double the number recorded last year, estimating it will take two years to return to the level posted in 2019. The research house forecasts foreign arrivals this year to tally 22.5 million, up from 10.2 million expected for 2022. […]
Read MoreCambodia continues to negotiate on the possibility of requesting the UAE to open more markets for agriculture, tourism and transportation as the country is Cambodia’s leading trading partner in the Middle East. During the inter-ministerial consultation of the Comprehensive Economic Partnership Agreement between Cambodia and the United Arab Emirates on January 9, Tek Reth, Secretary […]
Read MoreMANILA, Philippines — Foreign direct investments posted modest gains in October, but roiling global headwinds could result in a smaller haul by the end of 2022. Data released by the Bangko Sentral ng Pilipinas on Wednesday showed that FDIs grew 6.3% year-on-year to $923 million in net inflows. In the first 10 months, FDI posted a […]
Read MoreVietnam’s GDP growth is projected at 6.3 per cent in 2023, according to the latest Global Economic Prospects report by the World Bank. Vietnam has witnessed strong growth in 2022 which was supported by a release of pent-up demand as Vietnam continued to lift pandemic-related mobility restrictions and travel bans. The country also benefited from […]
Read MoreThe toll tax on Vientiane-Vangvieng expressway was hiked to keep up with the value of kip reducing against the US dollar. The Laos-China Expressway Development Cooperation Co., Ltd announced its new toll rates would apply from 1 January, on the 109.11 km expressway that connects Vientiane Capital with the popular tourist town of Vang Vieng. The one-way […]
Read MorePETALING JAYA: The return of Chinese tourists to Malaysia is set to benefit the retail and hospitality segments. Hence, both the retail real estate investment trusts (REITs) and hotel REITs such as Sunway-REIT, KLCCP Stapled Group and Pavilion-REIT are likely to benefit from the influx of tourist arrivals into the country. Foreigners typically make up […]
Read More
Thailand
