Thailand is expected to have 50,000 foreign tourists in the fourth quarter of 2020, down 99.5% from a year earlier, an industry body said on Wednesday, as the country tries to support its battered economy by gradually reopening to visitors. Foreign tourist receipts are seen at 4.5 billion baht in the quarter, down 99% year-on-year, […]
Read MoreThailand is set to welcome the first batch of foreign tourists in six months, but the government is unlikely to fully throw open beaches and national parks to overseas visitors until a vaccine against the coronavirus is widely available. Authorities will probably allow the entry of only a limited number of foreign visitors for a […]
Read MoreThailand recorded a current account surplus of $3.0 billion in August after a surplus of $1.79 billion in the previous month, the Bank of Thailand (BoT) said on Wednesday. Exports, a key driver of growth, declined 8.2% in August from a year earlier after July’s 11.9% drop. The economy in August performed better than July […]
Read MoreThailand’s economy could contract by as much as 10.4% this year as trade and tourism are severely dampened by Covid-19, with the ongoing drought and floods adding to the woes, says the World Bank. The dismal figure is a projection of the worst-case scenario, and it will take at least three years for the country’s […]
Read MorePETALING JAYA: Uncertainty will remain the keyword in Malaysia’s trade performance in the near future as the latest figures show that exports took a step back after advancing twice. Exports fell 2.9% year-on-year (y-o-y) to RM79.14bil in August after advancing 8.8% y-o-y and 3.1% y-o-y in June and July respectively. Imports contracted for a sixth […]
Read MoreMANILA, Philippines — The local food service sector is seen to post a 54 percent decline in sales to $6.9 billion this year due to the coronavirus disease pandemic, according to the United States Department of Agriculture (USDA). Following an initial growth estimate of as much as 10 percent, the strict community quarantine measures imposed […]
Read More
Thailand
