MANILA, Philippines — Barcelona-based think tank FocusEconomics raised its 2021 inflation forecast for the Philippines to 3.9 percent from the original target of 3.4 percent. This is the second time the think tank raised its inflation forecast after jacking up its projection from 3.1 percent in February. Alexandros Petropoulos, junior economist at FocusEconomics, said the […]
Read MoreThe proposal will hurt the interest of consumers and eliminate competition in the aviation industry. The recent proposal of the national flag carrier to set floor prices for air tickets will affect the tourism industry which is struggling to recover, local experts said. In Vietnam Airlines’ proposal to the Civil Aviation Authority of Vietnam (CAAV), […]
Read MoreSINGAPORE – Singapore has ratified the Regional Comprehensive Economic Partnership (RCEP) and deposited its ratification instrument, becoming the first participating country to complete the official process. All 10 Asean members and key partners Australia, China, Japan, New Zealand and South Korea signed the trade pact, the world’s largest, at the 4th RCEP Summit last November. Trade and […]
Read MoreThe new Covid-19 outbreak is expected to cut tourism receipts by half during the Songkran festival after many provinces have voluntarily imposed a 14-day quarantine, while dozens of events have been cancelled or postponed, says the Tourism Authority of Thailand (TAT). TAT governor Yuthasak Supasorn said a large number of infections originating from the Thong […]
Read MoreMANILA, Philippines — Hotel operators in the Philippines are looking to take in additional bookings from domestic tourists this year to make up for the lack of foreign guests due to travel restrictions set by the government. Paul Ryan Isip, head of capital markets of property consultancy firm JLL Philippines, said hotels still anticipate a […]
Read MoreRural consumers are increasingly shop online, with 46 per cent of internet users engaged in online shopping activities. This was revealed in an annual report on consumer behaviour, consumption of media, brand usage and awareness of consumers in rural and suburban areas of Việt Nam, which was produced by Facebook and GroupM Việt Nam. Rural and suburban […]
Read More
Thailand
