The shortage of airline seats remains a major obstacle for the recovery of Thai tourism as most European flag carriers haven’t resumed flights and frequencies to the pre-Covid level. Tourism Authority of Thailand (TAT) governor Yuthasak Supasorn said the agency met the Civil Aviation Authority of Thailand last week and was informed that Thailand might […]
Read MoreAVERAGE tax revenues in Asia-Pacific fell to 19.1 per cent of GDP in 2022 from 20.3 per cent in 2019 as a result of the Covid-19 pandemic, placing the average tax-to-GDP ratio in the region lower than the averages for the OECD and Latin America and the Caribbean (LAC), according to the latest OECD report. […]
Read MoreUp to 85 per cent of enterprises in the processing-manufacturing and construction sectors expected better and stable business situation in the third quarter of this year, while only 15 per cent predicted that the situation may be tougher. According to a survey conducted by the General Statistics Office (GSO), for in the third quarter, 44.9 […]
Read MoreSINGAPORE: Restaurants Development Company is exploring the sale of its KFC franchise business in Thailand, valued at roughly $300 million, as revenue rebounds with a recovery in Southeast Asia’s second-largest economy, three sources aware of the matter said. The Bangkok-based firm, backed by a consortium led by Southeast Asian focused private equity firm AIGF Advisors […]
Read MoreMANILA, Philippines — Governments are urged to take action to make fertilizers more accessible and affordable by providing credit facilities and encouraging efficient use to prevent a prolonged food crisis. In the latest World Bank blog, Juergen Voegele, vice president for sustainable development at the World Bank, called on policy makers to immediately act as […]
Read MoreCambodia’s insurance industry has seen remarkable development in the last five years, with an averagely annual growth of 20 percent, senior officials said here on Monday. Speaking at the “Insurance Day 2022”, Bou Chanphirou, director general of the Insurance Regulator of Cambodia, said the Southeast Asian country currently has 18 general insurers, 14 life insurers, […]
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