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Singapore may see 30% drop in tourist arrivals

SINGAPORE: Singapore could see a 25% to 30% decline in tourist arrivals and spending this year because of the coronavirus outbreak, as the industry braces for a worse impact than the 2003 SARS pandemic, the city’s tourism chief said. The city-state is losing about 18,000 to 20,000 tourists a day, and the figures could plummet […]

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Malaysia: Brace for weaker growth

PETALING JAYA: The Malaysian economy could take a turn for the worse, economists warned as some anticipate growth to drop below the 4%-mark in the fourth quarter (Q4)of 2019. In such a case, this would be the weakest quarterly economic performance since the Pakatan Harapan government took office in May 2018. CGS-CIMB Research, which expected […]

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Laos Suffers Trade Deficit of USD 137m in 2019

Laos recorded a trade deficit of USD 137 million in 2019, although the country exported more than its yearly plan. The value of exports last year stood at USD 5.603 billion, exceeding the goal of USD 5.516 billion. However, imports were recorded at only USD 5.74 billion, falling behind the goal of USD 5.775 billion, Xinhua […]

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