The Tourism Council of Thailand (TCT) is crying foul over the 22.4-billion-baht tourism stimulus package, saying it will mostly benefit big hotel operators and leave behind the small and medium-sized businesses that account for 75% of the sector. The cabinet on Tuesday approved a domestic tourism package to boost the hospitality sector, including a subsidy […]
Read MoreThe Kingdom’s tourism industry could rebound only by 2025 when the COVID-19 pandemic is fully killed off, according to a tourism industry insider and other observers. If Cambodia and other countries in the globe are able to control the outbreak of the Coronavirus by 70 percent at the end of this year, the growth of […]
Read MoreThailand has fallen four places to 29th in IMD’s world competitiveness rankings for 2020, weighed down by a decline in rankings for economic performance and government efficiency. Conducted by the Institute for Management Development, the survey analysed global economies and their ability to generate prosperity. All 63 countries were gauged in the ranking undertaken by […]
Read MoreThe Kingdom’s coastal Sihanoukville, where Chinese nationals national dominated nearly a half of businesses before the COVID-19 outbreak, is seeing economic activity gradually rebound after Middle Kingdom’s investors and workers started to return to the province as pandemic fears ease. Preah Sihanouk provincial hall spokesman Kheang Phearum told Khmer Times that Since May 23 up to yesterday, […]
Read MoreThe government has again increased its planned spending on Indonesia’s battle against the COVID-19 pandemic amid plunging tax revenue and a widening state budget deficit. It is now setting aside Rp 695.2 trillion (US$49.63 billion) in funds for healthcare and economic stimulus spending to cushion the impact of the outbreak. This is the latest increase […]
Read MoreThe condo market will rebound in the next few years with buyers prioritising price performance amid the economic slowdown, says SET-listed developer Supalai. Managing director Tritecha Tangmatitham said the condo market saw a bigger impact from the coronavirus crisis than low-rise houses, as buyers were concerned about space and co-living. “The impact on condos today […]
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