The latest travel warning from the US Centers for Disease Control and Prevention (CDC) against travel to Thailand has exacerbated the tourism outlook for the third quarter, with all hopes now resting on the high season. “With a surge of daily infections and record high fatalities being reported, the flow of travellers will automatically drop, […]
Read MorePhnom Penh City Hall is slated to hold a high-level meeting either today or tomorrow on whether to extend the curfew in Phnom Penh. The municipal administration implemented a strict 9 pm to 3 am curfew on July 29. The sub-decree issued by City Hall said that it would run until August 12. “It seems […]
Read MorePhl exits recession MANILA, Philippines — The Philippines found its way out of recession on a record growth in three decades, but economists said recovery remains nowhere near in sight with the return to lockdown in economic areas, particularly Metro Manila. The Philippine economy, as measured by the gross domestic product (GDP), jumped 11.8 percent […]
Read MoreECONOMISTS were unsurprised by the upward revision of Singapore’s official full-year growth forecast on Wednesday, with most of their own maintained forecasts falling within the new 6 to 7 per cent range announced by the Ministry of Trade and Industry (MTI), up from 4 to 6 per cent previously. While manufacturing is expected to remain […]
Read MoreThe lowering of deposit protection to a maximum of 1 million baht this month is unlikely to impact the confidence of the depositors on the financial institutions, said Krisada Chinavicharana, the Finance Ministry’s permanent secretary. According to the Deposit Protection Act, deposit protection will be lowered to a maximum of 1 million baht per account […]
Read MoreKUALA LUMPUR: CGS-CIMB Equities Research has highlighted potential earnings risks for the real estate investment trust (REIT), manufacturing, gaming, consumer and tourism-related sectors in the current 2Q21 results season. In its strategy note on Wednesday, the research house cited the disruptions in operations due to the movement controls to curb the Covid-19 pandemic as it […]
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Thailand
