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Thailand: Operators seek ways to disperse tourists

As most local tourists flock to popular destinations during the weekends, tour operators are asking the government to help fill up weekdays by creating more trips for the elderly and state agency meetings. Phuriwat Limthavornrat, president of the Association of Domestic Travel, said the association is working on a plan to discuss with tourism-related agencies […]

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Malaysia: Manufacturing sales rebound 19% to RM90.2b in May

KUALA LUMPUR: Malaysia’s manufacturing sales rebounded 19.1 per cent to RM90.2 billion in May 2020 as compared to the previous month, said the Department of Statistics Malaysia (DoSM). Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said, however, the sales value continued to record a smaller negative growth of 19.8 per cent year-on-year basis. “On […]

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Thailand: MCOT ‘not insolvent’ as cash shrinks

State-owned broadcaster MCOT is going through a liquidity crunch but is not insolvent, says a source at the Finance Ministry who requested anonymity. MCOT is not on the State Enterprise Policy Office’s list to begin a business rehabilitation plan, the source said. MCOT’s liquidity problem stems from an absence of income contribution from BEC World, […]

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Thailand: ASP: 15% Q2 contraction possible

Thailand’s economy could contract by 15% year-on-year in the second quarter from lockdown measures, with rising contagion risk affecting economic activities on the external front, says Asia Plus Securities (ASP). “Second-quarter GDP is likely contract for both quarter-on-quarter and year-on-year figures because of the country’s lockdown measures against the pandemic,” said ASP executive vice-president Therdsak […]

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