Hotel investors are focused on buying upscale establishments because of high demand from independent guests, instead of hotels targeting mass tour groups, which have unfavourable locations and produce low returns, say Pattaya operators. Thanet Supornsahasrungsi, president of the Chon Buri Tourism Council, said 4- and 5-star properties, or those located near beaches and city centres, are more […]
Read MoreThe Board of Investment plans to enlist private companies to boost response to the long-term resident (LTR) visa programme targeted at highly skilled foreign workers and wealthy pensioners. The firms will assist government agencies to draw more applications for the 10-year visas introduced last year, according to Narit Therdsteerasukdi, the BoI secretary-general. They will also promote the […]
Read MorePETALING JAYA: The Real Estate and Housing Developers’ Association Malaysia (Rehda) is urging the government to implement measures that can ease the impact of rising building material costs on the property market. Rehda president Datuk N.K. Tong said the association has presented a wishlist to the government ahead of the revised Budget 2023, which will […]
Read MoreSINGAPORE’S inflation rose across the board in January, but came in slightly under economist estimates, data from the Monetary Authority of Singapore (MAS) and Ministry of Trade and Industry (MTI) showed on Thursday (Feb 23). In the first month of 2023, headline inflation increased to 6.6 per cent year on year, from 6.5 per cent […]
Read MoreAccording to the latest data released by the National Economic and Social Development Council on Feb 17, Thailand’s real GDP growth slowed significantly to 1.4% year-on-year in the fourth quarter of 2022 from 4.6% in the third quarter. The fourth-quarter figure was a major miss from consensus estimates of 3.5% and lowered full-year growth to 2.6%. […]
Read MoreMANILA, Philippines — The Philippines, along with Thailand and Vietnam, has the most to gain if travel from China rebounds to levels prior to the COVID-19 pandemic, according to Moody’s Analytics. In a report, the research arm of the Moody’s Group said the tourism industries in the Philippines and the two other countries depend the […]
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Thailand
