The tourism industry is expected to witness more consolidation as the pandemic impact lasts until the third quarter next year, say operators, while Thailand needs to rebrand itself to tap into the quality market by targeting the health and wellness segment. “We will see a lot of consolidation, even if a vaccine is developed, leading […]
Read MoreMANILA, Philippines — The national government’s budget deficit widened further to P700.6 billion from January to July as coronavirus-related expenses boosted disbursements while revenues declined, according to the Bureau of the Treasury (BTr). Based on the latest cash operations report of the BTr, the budget figure soared by nearly 500 percent from the P117.9 billion […]
Read MoreSINGAPORE, Aug 27 — Three ministries and two government agencies yesterday responded to President Halimah Yacob’s opening speech for the new term of Parliament, mapping out how they intend to help Singapore weather the economic storm wrought by Covid-19 and pursue new sources of growth in this period. The Ministry of Trade and Industry (MTI), […]
Read MoreIndonesia’s recovery from the economic effects of the pandemic must focus on the sectors where the greatest number of workers have fallen into poverty, according to a researcher from the University of Indonesia’s Social and Economic Research Institute (LPEM UI). This would mean that agriculture would take priority in most of the provinces of Java […]
Read MorePolicymakers must be forward-looking and prepare for unknown risks to safeguard the economy from challenges arising from the pandemic, says Finance Minister Predee Daochai. Some key measures include extending remedies to vulnerable small businesses, making preparations ahead of the global economic recovery, promoting job creation in the private sector and preparing employment strategies for new […]
Read MoreCovid-19 and the slow implementation of power transmission projects may make it impossible for solar power projects to connect to the national grid by the end of the year. Investors of solar power projects are concerned that they may fail to connect to the national grid and this be able to enjoy the preferential FIT […]
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Thailand
