SINGAPORE: Hotel room rates in Singapore surged last month to the highest in almost six years as tourism makes a dramatic recovery in the city-state after the government eased coronavirus measures. The average daily rate in June was S$238.32 (US$171 or 6,290 baht), the highest since September 2016, according to data from the Singapore Tourism […]
Read MoreCambodia’s total export to other member countries of the Regional Comprehensive Economic Partnership (RCEP) totaled 3.28 billion U.S. dollars in the first half of 2022, up 10 percent year-on-year, a report of the Ministry of Commerce said on Thursday. During the January-June period this year, Cambodia’s top three export destinations were Vietnam, China and Japan, […]
Read MoreThe government has vowed to stabilise the macro economy and currency exchange rates, reaffirming that it won’t allow the country to slide into debt default. The pledge came at the close of the two-day open government meeting which ended on Friday. The need to resolve the public debt was one of the 13 significant tasks […]
Read MoreOutbound travel has shown early signs of a rebound as restrictions ease across the globe, yet tour operators expect many challenges from ongoing viral outbreaks and economic woes. Charoen Wangananont, president of the Thai Travel Agents Association (TTAA), said outbound tourism was just about to restart when it was disrupted by a spike of infections […]
Read MoreMANILA, Philippines — Southeast Asian countries needs to come up with stronger regulatory frameworks and innovative methods in the plastic value chain in order to reduce plastic waste, according to the World Bank. In a World Bank blog post, Axel van Trotsenburg who serves as managing director of operations at the World Bank, and Association […]
Read MoreBanks’ recent deposit rate hikes indicate a liquidity crunch. Is inflationary pressure huge? Deposit interest rates at banks such as BaoViet Bank, ACB, Techcombank and Sacombank inched up again in the first half of July. Most of them are the major joint-stock banks in the system. Even big state-run banks such as BIDV and Agribank […]
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Thailand
