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Thailand faces losing tourists to neighbours

Expanding air traffic to the region could lead to lost travel opportunities for Thailand in the future as tourists fly directly to Cambodia, Laos, Myanmar and Vietnam (CLMV), say foreign tourism buyers at the Thailand Travel Mart Plus in Chiang Mai yesterday. Travel to the Mekong region is growing thanks to greater air access and […]

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Phlippines: Remittance inflows slow down in April

Lowest in 15 months as Saudi workers repatriated MANILA, Philippines – Â After hitting record monthly levels in March, cash and personal remittances from overseas Filipino workers slipped in April, hitting their lowest levels in 15 months primarily due to the repatriation of workers from Saudi Arabia, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. BSP […]

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Cambodia: Strategy promises inclusive economic growth

The government yesterday launched its updated development strategy for the financial sector, setting out policies and challenges for both the banking and non-banking industry. The 124-page document looks back on the progress of the country’s financial sector in last 15 years and attempts to predict what must be done over the next decade. Chea Serey, […]

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Philippines: Low-value steelmakers beat high-end peers

MANILA: Powered by China’s infrastructure push, Chinese construction steel producers are seeing their best profits in years, lording it over their high-value counterparts in a setback for Beijing’s years-long drive urging steelmakers to move up the value chain. As its manufacturing engine sputters, the world’s second largest economy is increasingly relying on infrastructure spending to […]

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