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Thailand: Tourism operators jittery over protests

Tourism operators are worried about possible protests that could harm the image of the country, while hoping a government is formed as soon as possible. Marisa Sukosol Nunbhakdi, president of the Thai Hotels Association (THA), said if there are any protests following yesterday’s vote for prime minister, they should be peaceful demonstrations the authorities monitor without […]

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Weak currency makes Malaysia more competitive

ANN/THE STAR – The current ringgit rate would offer a competitive advantage for Malaysia’s exports to the United Kingdom (UK), besides boosting the local tourism industry, said analysts. SPI Asset Management managing director Stephen Innes said a strengthened pound sterling would make Malaysia an attractive and affordable travel destination for UK travellers. “The appreciating pound […]

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Thailand: Delay poses risks to the economy

The University of the Thai Chamber of Commerce (UTCC) expects a prolonged delay in the selection of a prime minister and formation of a new government, leading to protests that, if violent, will significantly affect tourism revenue, causing a loss of 500 billion baht, or a one percentage point decline in GDP. Thanavath Phonvichai, president of […]

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