The uneven tourism recovery has been highlighted by lower-end hotels’ struggle to catch up with five-star properties, which have greatly benefited from the return of the Mice (meetings, incentives, conventions and exhibitions) market. Thai Hotels Association (THA) president Marisa Sukosol Nunbhakdi said that while the hotel industry is gradually recovering, operators still have to brace for uncontrollable […]
Read MoreKUALA LUMPUR, Nov 10 ― Thirty per cent of mid-market enterprises (MMEs) expect sales to grow between 15 per cent and 20 per cent in 2023 with another 25 per cent expecting sales to grow even more despite softening economic growth globally, according to HSBC Bank Malaysia Bhd’s Business Balancing Act (BBA) survey. The survey […]
Read MoreDue to soaring prices MANILA, Philippines — The growth in consumer spending in the Philippines may slow down to 5.5 percent next year from the expected 7.6 percent expansion this year, according to Fitch Solutions Country & Industry Research. In a report, Fitch Solutions said that household spending may remain positive, with an average growth […]
Read MoreConsumer spending during World Cup 2022 is expected to increase from the previous tournament held four years ago, driven by greater economic activity amid concerns over a possible surge in gambling on the matches. The latest survey by the University of the Thai Chamber of Commerce (UTCC) estimates that 18.5 billion baht would be spent during […]
Read MoreThe chairperson of the junta-controlled Myanmar Central Bank, Than Than Swe, said she is putting pressure on operators of Hundi money transfers to stop making illegal transfers and get official licences for their businesses. The comments were made in meetings she had with Hundi operators in the town of Muse on the border of China […]
Read MoreMost Thai consumers (89%) are aware of buy now, pay later (BNPL) instalment plans as a payment option, though only a minority used it in the last year, according to a study by Mastercard. An overwhelming majority said backing from established financial institutions such as banks would increase their trust and comfort in using instalment […]
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