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Thailand: Tourism ministry, hoteliers to brainstorm ideas

The Tourism and Sports Ministry has called for a meeting with the country’s leading hotel executives to seek recovery solutions as it is planning a two-year revival plan dubbed “Thailand Tourism Year”. Phiphat Ratchakitprakarn, the tourism and sports minister, said the hospitality industry has been crippled by the pandemic. The ministry arranged a brainstorming session […]

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Cambodia: Agreement to boost green-belt tourism signed

The Ministry of Tourism and Japanese company Yamato Green Co Ltd signed a memorandum of understanding (MoU) last week intended to develop a green-belt value chain serving the domestic tourism sector. The agreement aims to support Cambodian farmers’ efforts in improving their growing techniques for vegetables and other crops with Japanese technology. This will help […]

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Malaysia: ‘Economy will keep getting better’

PETALING JAYA: Malaysia’s economy will continue to improve, albeit at a gradual pace, towards the end of the year and into 2021, after seeing a stronger-than-expected rebound in the third quarter. Economists said the gradual resumption of economic activities following the easing of the movement control order, as well as recovery in international trade, would […]

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Philippines: Deficit-to-GDP ratio hits 6.9%

In 9 months MANILA, Philippines — The country’s budget deficit as a percentage of  gross domestic product (GDP) swelled to 6.9 percent from January to September due to higher expenditures in response to the coronavirus pandemic, according to the Department of Finance (DOF). In his latest economic bulletin, Finance Undersecretary and chief economist Gil Beltran […]

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