Indonesia is the second most confident nation in Southeast Asia about reopening its tourism sector with 71 percent of Indonesians saying their country is well prepared, a recent survey shows. The result is part of a joint survey conducted by social research agency Blackbox Research, data provider Dynata and translation company Language Connect, titled Unravel Travel: […]
Read MoreMANILA, Philippines (UPDATE 3 1:03 p.m., Aug. 6) — The Philippines officially entered a recession in the second quarter, an expected economic collapse brought by the pandemic that has gone beyond government control with the country likely to become Southeast Asia’s coronavirus hotspot on Thursday. Gross domestic product (GDP) plummeted 16.5% year-on-year from April to June, sinking deeper […]
Read MoreVietnam is one of the best long-term growth stories in Asia and is one of the most preferred frontier markets, according to HSBC. HSBC’s reasons range from the healthy state of foreign direct investment (FDI), rising share of global exports, the country’s impressive handling of the COVID-19 crisis, and higher levels of government investment to policy reforms which […]
Read MoreContinuous foreign net outflows from Thailand’s stock market are not caused by headwinds to the economic outlook, but rather the country’s lower competitiveness and structural economic problems, says KKP Research. Foreign investors have been net sellers of Thai stocks since 2013, with a combined value of more than 800 billion baht. Foreign investors have also […]
Read MoreMyanmar Investment Commission has approved a $230.60 million worth Hlegu Industrial Park project, to be invested by Singapore based Sembcorp CSSD Myanmar Co., Ltd, as well as $180 million worth AEON Large Scale Shopping Mall, which will create over 2,300 jobs. In addition to that, the investment body also approved seven new investments in industry, […]
Read MoreFor the first six months of the year, the number of foreign arrivals to the Kingdom dropped by around 65 percent, compared with the same period last year, according to a report from the Ministry of Tourism. The report stated that in June alone, the number of foreign arrivals decreased 97.3 percent. From January to […]
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