The government on Sunday warned it would delist hotel operators from its latest tourism stimulus campaign known as Rao Tiew Duay Kan (We Travel Together) if they are found to have increased their room rates. The latest effort to bolster the economy subsidises 5 million nights of hotel accommodation. Tourists are meant to pay only […]
Read MoreCPI to decline THIS week brings a quieter flow of data with the main focus on consumer price index (CPI). The Statistic Department is expected to release the inflation data for June on Wednesday. CPI inflation has been nil to negative in Japan, Malaysia and Singapore. The CPI fell 2.9% in May from a year […]
Read More“Someone said the land rent in IZs has surged to $150-200 per square meter. But rent of $100 is considered high already,” said Do Nhat Hoang, director of the Foreign Investment Agency (FIA). According to MPI’s Economic Zone Management Department, there were 561 IZs as of the end of May with total area of 201,000 […]
Read MoreThe General Department of Customs and Excise (GDCE) of the Ministry of Economy and Finance earned in total over 5,152.6 billion Riel or $1,272.2 million in the first half of this year, down 16.2 percent compared to the same period last year. The figures were shared in a recent press release on the outcome of […]
Read MoreSouth Korea will seek travel bubble or selective border openings with Asian neighbours like Thailand, Taiwan and Vietnam where Covid-19 spread has been contained to aid tourism industries of respective countries. According to multiple industry sources, the Ministry of Culture, Sports and Tourism recently convened a meeting to discuss ways to boost the sluggish travel […]
Read MoreBANGKOK (BLOOMBERG) – Thailand is replacing the top two officials steering the economy through its worst crisis ever, injecting more uncertainty into the policy outlook. Finance Minister Uttama Savanayana resigned July 16 ahead of a Cabinet reshuffle, with Prime Minister Prayuth Chan-Ocha saying he’ll announce a likely replacement by next month. At the Bank of […]
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