Hotels in Bangkok face low occupancy rates as the borders remain closed to international tourists, says Minor Hotels, the hospitality arm of Minor International. Thomas Meier, senior vice-president for Asian hotel operations, said some of the group’s hotels in Bangkok have delayed the reopening process for 1-2 months as they wait for travel bubbles to […]
Read MoreThe Hanoitimes – Vietnam’s exports to key markets such as the US and EU sharply rebounded across many sectors. With a trade surplus of US$5.5 billion in the first half of the year, exceeding the estimate of the General Statistics Office at US$4 billion, there is possibility that the country’s 2020 trade surplus could surpass the […]
Read MoreMANILA, Philippines — Online barter of goods is not illegal, and not subject to taxes, so long as transactions are personal in nature and not conducted to earn a living, Trade Secretary Ramon Lopez clarified on Wednesday. “For local barter trade, there is no clear prohibition. But these are still subject to regulation, must be […]
Read MoreAs the COVID-19 pandemic continues to affect Cambodia’s real estate industry, the economic fallout from the second quarter’s disruption is yet to be fully realised, according to report by CBRE Cambodia. CBRE, which describes itself as the foremost property consultant in Cambodia, said that rent and prices across most sectors continue a negative trajectory. The […]
Read MoreThailand’s economic activity may not return to levels seen before the Covid-19 pandemic until 2022, but the country’s record-low policy interest rate of 0.50% is unlikely to go to zero percent, the central bank said on Tuesday. The Bank of Thailand (BoT) has forecast the trade-and-tourism driven economy will shrink by a record 8.1% this […]
Read MoreThe Bank of the Lao PDR has drafted a new administrative regulation intended to regulate currency exchange businesses following the depreciation of the Lao kip against foreign currencies. The Bank of the Lao PDR (BOL) made a commitment at the latest National Assembly session to try to maintain the value of the Lao kip against major international […]
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