[BANGKOK] Thailand will try to ease the pressure on tourism from a surging currency by targeting more first-time visitors because they are bigger spenders. “First-timers spend 10 per cent to 20 per cent more than repeat tourists and at the same time, we can build a new customer base,” Yuthasak Supasorn, governor of the Tourism […]
Read MoreThe government has instructed souvenir shops to transact with zero-dollar tourists in cash only, Yangon Region Hotels and Tourism Minister Daw Naw Pan Thuzar Myo said on December 16. The decision was made after investigations at souvenir shops located in Hlaing Tharyar township, East Dagon township and People’s Park in Dagon township, where zero-dollar tourists […]
Read MoreINDONESIAN domestic demand may remain soft into H1 2020, even as reforms speed up and exports stabilise in 2020, said Citi in its latest report on Indonesia’s economic outlook. Citi projects Indonesian domestic demand to remain soft in H1 2020, partly thanks to an expected rise in administered prices, which include electricity and cigarette excise. […]
Read MoreChanging consumer behaviour has ignited new industries, with platform businesses like e-marketplaces expected to have the brightest growth prospects next year, according to a local forecaster. Book rental, basic phone and fax manufacturing, internet cafes, and printing and journal production are forecast to have the bleakest outlooks. Thanavath Phonvichai, vice-president for research at the University […]
Read MoreThe Hanoitimes – The sluggish disbursement of public investment is attributable to the combination of three major factors. According to the Taking Stock report by the World Bank, while the government was able to disburse about 70% of its investment program during 2011–14, this rate declined to about 55% in 2017 and 2018, and was only equal to […]
Read MoreProperty insiders are urging the authorities to speed up the approval process of the Real Estate Service Law, according to Myanmar Real Estate Development Association . A draft of the legislation was submitted to Pyithu Hluttaw in 2018 but no progress has been made since then. The law was first drafted in 2016 and completed […]
Read More
Thailand
