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Thailand: Tourism sector scrambles for virus support

Tourism businesses have been knocked comatose by the virus panic spreading around the country, while the Tourism Authority of Thailand (TAT) cut its estimate for international arrivals to 33 million in 2020. The Association of Thai Travel Agents (Atta) reported foreign tourists using Atta member services from January to Feb 20 was 500,232, a decrease […]

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Philippines: BSP open to more interest rate cuts

As COVID-19 spreads further MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) will consider more cuts in its key policy rate and banks’ required reserves if the economic impact from the novel coronavirus disease (COVID-19) is likely to be much worse than expected. In a press conference, BSP Governor Benjamin Diokno said he remains […]

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