KUALA LUMPUR, July 15 — The Ministry of Tourism, Arts and Culture (Motac) revealed today its forecast of a 75-per cent decline in foreign tourist arrivals for 2020, compared to the previous year, due to strict border controls following the Covid-19 pandemic. Minister Datuk Seri Nancy Shukri (BN-Batang Sadong) also disclosed that the amount of […]
Read MoreIndonesia has raised Rp 18.33 trillion (US$1.27 billion) from government retail bond issuance ORI-017, the Finance Ministry announced on Monday, the highest proceeds ever recorded in an online bond offering by the country as the government struggles to finance its coronavirus response. The Finance Ministry managed to book the figure as individual investors flocked to […]
Read MoreHotels in Bangkok face low occupancy rates as the borders remain closed to international tourists, says Minor Hotels, the hospitality arm of Minor International. Thomas Meier, senior vice-president for Asian hotel operations, said some of the group’s hotels in Bangkok have delayed the reopening process for 1-2 months as they wait for travel bubbles to […]
Read MoreThe Hanoitimes – Vietnam’s exports to key markets such as the US and EU sharply rebounded across many sectors. With a trade surplus of US$5.5 billion in the first half of the year, exceeding the estimate of the General Statistics Office at US$4 billion, there is possibility that the country’s 2020 trade surplus could surpass the […]
Read MoreMANILA, Philippines — Online barter of goods is not illegal, and not subject to taxes, so long as transactions are personal in nature and not conducted to earn a living, Trade Secretary Ramon Lopez clarified on Wednesday. “For local barter trade, there is no clear prohibition. But these are still subject to regulation, must be […]
Read MoreAs the COVID-19 pandemic continues to affect Cambodia’s real estate industry, the economic fallout from the second quarter’s disruption is yet to be fully realised, according to report by CBRE Cambodia. CBRE, which describes itself as the foremost property consultant in Cambodia, said that rent and prices across most sectors continue a negative trajectory. The […]
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Thailand
