The unease caused by Covid-19 is expected to drag down Thai tourism for more than six months, triggering airlines to slash ticket prices to steer the market, while Nok Air and Nokscoot cut pilots and cabin crew to save cost. Thai Airways International (THAI) is partnering with the Tourism Authority of Thailand (TAT) to offer […]
Read MoreSINGAPORE (Xinhua) – Singapore’s consumer price index for all items (CPI-All Items) came in at 0.8 per cent year on year in January, unchanged from the previous month, according to a joint release issued by two government authorities yesterday. The Ministry of Trade and Industry (MTI) and Monetary Authority of Singapore (MAS) said in the […]
Read MoreMANILA, Philippines — The global outbreak of the coronavirus disease 2019 (COVID-19) would affect remittances from overseas Filipino workers (OFWs) this year amid travel bans and restrictions, economists said. Jun Trinidad, economist at Philippine National Bank (PNB), said COVID-19 raises complications as travel ban or restrictions obstruct overseas job placements in the first half. “We […]
Read MoreBANGKOK: Bangkok’s condominium market, once a favourite of Chinese investors, faces a bleak year as the novel coronavirus outbreak keeps buyers away. Foreigners are set to account for as little as 10% of purchases in 2020, down from a fifth two years ago, consultancy Agency for Real Estate Affairs estimates. Chinese buyers used to provide […]
Read MoreThe baht continued to weaken, trading at 31.70 to the US dollar in Monday morning trade, amid concerns over the coronavirus spreading outside China. Kasikorn Research Centre said that the baht had weakened along with the yuan and other regional currencies amid concerns about the Covid-19 outbreak, after there was an increase in Covid-19 infections […]
Read MoreMYANMAR, Cambodia and the Philippines pose the highest risks for alternative lending models in South-east Asia, a peer-to-peer funding platform has said in a ranking of regional opportunities, but it pegged Indonesia as a promising market for growth. Still, with a business model aimed at under-banked clients, Latvia-based Robocash – which also has offices in […]
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