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Philippine economic recovery to take more time

MANILA, Philippines — The economy still cannot be expected to return to its pre-crisis level by next year as prevailing weaknesses in industries, labor market, and overseas employment prospects will weigh on near-term prospects, said US-based Global Source Partners. In its recently released quarterly report, the market intelligence firm forecasts an 8.5 percent contraction for […]

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Thailand: TAT reworks stimulus terms

The Tourism Authority of Thailand (TAT) plans to rejig the enrolment process for the domestic stimulus campaign to a more friendly version for the elderly, as well as urge airlines to offer special airfares for local tourists. Only 800,000 room nights have been redeemed under the “We Travel Together” campaign from a total of 5 […]

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