KUALA LUMPUR: The ringgit rebounded against US dollar at the opening today on positive sentiment following the government’s move to allow businesses to function during the nationwide state of emergency which is expected to last until Aug 1, 2021. At 9.02 am, the local currency traded 120 basis points (bps) better at 4.0430/0480 against the […]
Read MoreThough domestic headline inflation is expected to return to the target band in mid-2021, upcoming inflation dynamics will be marred by changes in the global economic system from the pandemic and e-commerce business, says the Bank of Thailand. The central bank’s Monetary Policy Committee (MPC) assesses headline inflation will gradually reach the target band of […]
Read More[KUALA LUMPUR] Malaysian budget carrier AirAsia Group’s travel, e-commerce and fintech unit airasia.com is in partnership talks with several Middle Eastern and European airlines, its chief executive officer (CEO) said on Wednesday. Airasia.com CEO Karen Chan said the company was working on selling more flights on the online platform. “Apart from just selling AirAsia flight […]
Read MoreDESPITE ongoing supply-chain shifts into South-east Asia, the Asean economies that have been key beneficiaries will still be hard-pressed to compete with mainland China. That’s as Malaysia, the Philippines, Thailand and Vietnam remain focused on low to mid-value-added segments, according to a new report from ANZ on Wednesday. To be sure, the analysts found that […]
Read MoreMANILA, Philippines — Inbound tourism receipts dropped 83 percent last year as the government banned international travel due to the worldwide outbreak of COVID-19, the Department of Tourism (DOT) reported yesterday. In a press briefing, Tourism Secretary Bernadette Romulo-Puyat said total receipts generated from inbound tourism reached P81.40 billion last year, a sharp decline from […]
Read MorePassenger numbers on all modes of transport have dropped by 40 to 70% due to the recent outbreak of the coronavirus, which has in turn led to a significant drop in revenue for Bangkok operators. Bangkok Mass Transit Authority (BMTA) director Surachai Iamwachirasakul said that the number of city bus passengers has declined by 200,000 […]
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