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Thailand: TAT unfazed by giveaways

Many countries in Asia recently announced giveaway campaigns to bolster their tourism industry, aiming to drive post-pandemic economic growth. These include Hong Kong’s giveaway of 500,000 flight tickets to foreign visitors and Taiwan’s proposal to offer a cash incentive worth NT$5,000 (5,633 baht) per person. Japan and South Korea, perennial favourite destinations among Asian tourists, […]

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Malaysia’s Budget 2023 signals quicker fiscal consolidation, deficit revised down to 4.9% – Fitch Solutions

KUALA LUMPUR: Malaysia remains on track for fiscal consolidation in the post-pandemic era, with the shortfall in 2023 likely to narrow to 4.9 per cent from 5.3 per cent previously, said Fitch Solutions Country Risk and Industry Research (Fitch Solutions). In its outlook report for Malaysia published recently, Fitch Solutions said it has revised downward […]

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