From quiet beaches in Bali to empty rooms in Hanoi’s hotels, pangs from China’s economic malaise and weakening yuan are being felt across Southeast Asia’s vacation belt. A boom in Chinese outbound travel in recent years that stoked tourism across Southeast Asia is now in reverse gear. The abrupt decline of Chinese travelers is becoming […]
Read MoreBANGKOK (Reuters): Thailand’s capital, Bangkok, edged out Paris and London as the world’s most popular city to visit, according to a survey released on Wednesday, welcome news for Thailand after worries over a drop in foreign arrivals. Bangkok was named the most-visited city for the fourth consecutive year, with about 22.8 million visitors reported in […]
Read MoreMANILA, Philippines — The unemployment rate in the country steadied at 5.4 percent in July despite the addition of 100,000 more Filipinos to the ranks of those looking for jobs, the Philippine Statistics Authority (PSA) reported yesterday. There are now 2.43 million jobless Filipinos compared with 2.33 million last year. Deputy National Statistician Rosalinda Bautista […]
Read MoreThe reduction of working hours from 48 hours per week to 44 hours will create difficulties for textile and garments enterprises, said Vietnam Textile and Apparel Association (Vitas) vice-chairman Truong Van Cam in the response to the draft-revised Labour Code which made the change in May this year. He told Vietnam News Agency that the […]
Read MorePRIVATE-SECTOR economists have sharply lowered their full-year growth forecast for Singapore to 0.6 per cent, down from an earlier 2.1 per cent prediction in June, in the Monetary Authority of Singapore’s (MAS) quarterly survey of professional forecasters on Wednesday. This is in line with the government’s official forecast range of growth between zero and 1 […]
Read MoreYangon’s Regional Tourism Committee recently announced that investments totalling US$238 million and K119.63 billion were approved for the region’s hotels and tourism sector between May and August. In the same period, the committee approved investments for 33 new hotels and eight guest houses, approved 18 new hotels, 400 new travel agencies, and 200 tour guides. […]
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