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Cambodia: Measures to restore regional tourism

Cambodia-Thailand’s tourism joint working group has discussed finding solutions and taking urgent measures to restore the industry for both nations. Cambodia’s tourism working group, led by Thong Rathsak, director-general of tourism development and international cooperation at the Ministry of Tourism, and officials from the ministries of the Interior, Foreign Affairs and International Cooperation met their […]

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Singapore factory output falls by 8.4% in July

SINGAPORE factory output fell again in July, with a worse-than-expected performance dragged down in part by the return of electronics production to negative territory. Industrial production lost 8.4 per cent compared with the same period the year before, with the pace of decline increasing from the 6.5 per cent fall in June. The latest drop […]

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Thailand: GrabFood in biggest-ever marketing push

GrabFood will deploy its biggest-ever marketing budget this year to retain its customer base, boost food orders and draw new users as key rivals receive strong financial support and realign their business strategies. The marketing splurge reflects intensifying competition in the third quarter. “Grab sees the potential of the food ordering business in Thailand, which […]

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Malaysian corporations in good stead to ride out recession

KUALA LUMPUR: Malaysian corporations are in good stead to ride out the recession due to their sound balance sheet, cash reserves and their ability to cut operating expenses to conserve cash, says RAM Rating Services Bhd. In its corporate default and rating transition study issued yesterday, the rating agency said corporate firms started the lockdown, […]

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