The pandemic continues to ravage tourism operators as the number of tour companies withdrawing their licences reached its peak in December, while 65-70% of outbound agents closed indefinitely amid the tight border restrictions. Around 10% of outbound operators gave up their licences with the Tourism Department, particularly after the resurgent virus hit local communities on […]
Read MoreCentara Hotels & Resorts has expanded its footprint in south-east Asia following the signing of hotel management agreements for three new properties. One resort is located in Khao Yai, Thailand, while the other two are situated in Vang Vieng, Laos. In total, the three properties add 304 keys to the group portfolio. In Laos, Centra […]
Read MoreSINGAPORE (BLOOMBERG) – Singapore may be considering another round of measures to cool residential prices, according to market analysts, who see recent ministerial remarks as a signal for the possible move. Comments made by Singapore’s Deputy Prime Minister and Finance Minister Heng Swee Keat indicate the government is keeping a close watch on property prices, Jefferies Financial […]
Read MoreAt its Friday meeting on the study and formulation on the good use of trade agreements in promoting exports, the Ministry of Commerce announced research is currently under way on products to be imported and exported under the Cambodia China Free Trade Agreement (CC-FTA). One of the potential sub-sectors deemed promising for export to China […]
Read MoreMANILA, Philippines — The Duterte administration’s infrastructure spending fell back to lockdown levels in November, but a catch-up likely materialized in the last month of the year, a rebound that would be difficult to sustain in 2021. Direct spending on infrastructure by the national government amounted to P44.3 billion that month, down 25.4% year-on-year, latest […]
Read MorePETALING JAYA: Malaysia’s overnight policy rate (OPR) has been at its all-time low at 1.75% since July last year as Bank Negara’s Monetary Policy Committee (MPC) sought to accelerate economic recovery post movement control order (MCO). Ahead of the MPC’s first two-day meeting this year starting on Wednesday, economists are quite divided this time around […]
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Thailand
