Australian airline Qantas on Thursday announced a major reduction in flights to Asia as the deadly coronavirus outbreak that began in China impacts demand and eats into profits. The carrier said it would cut flights to Asia by 16% for at least three months, with flights to Shanghai suspended and those to Hong Kong and […]
Read More[LUANG PRABANG, Laos] Elephant parks unvisited, curios at markets unsold as tuk-tuks sit idle: South-east Asia is facing billions of dollars in losses from a collapse in Chinese tourism since the outbreak of a deadly new coronavirus. From Luang Prabang in northern Laos to Pattaya in Thailand, Hoi An in Vietnam and the Cambodian casino […]
Read More[HONG KONG] Fears over the new coronavirus rattled investors in Asia on Friday as they struggled to work out if the China epidemic was worse than being reported by authorities. A dramatic rise in the number of deaths and new cases of the virus on Thursday fuelled global suspicions that Beijing was concealing the true […]
Read MoreMinimum wages across ASEAN countries are gradually increasing to match the rise in the cost of living. Despite the increases, minimum wage rates in ASEAN remain among the lowest in Asia. Foreign investors should seek the help of registered local advisors to help understand how these latest changes will affect their business operations. Minimum wage rates across […]
Read MoreBritain sees huge trading opportunities in Southeast Asia and seeks to build a “new modern and dynamic” relationship with the region’s 10 nations after leaving the European Union, Foreign Secretary Dominic Raab said Tuesday. Raab said Britain sees Malaysia as a key partner in the Association of Southeast Asian Nations and that he made clear […]
Read MoreTHE European Union (EU) is planning to invest in a program to develop green infrastructure in the Association of Southeast Asian Nations (ASEAN), known as the ASEAN Catalytic Green Finance Facility (ACGF), committing 50 million euros, the Asian Development Bank (ADB) said. The ADB said in a statement that the EU will make the investment […]
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Thailand
