The Tourism Authority of Thailand (TAT) believes it will not be able to meet its 2021 target because few people are travelling due to the third wave of Covid-19. TAT governor Yuthasak Supasorn said the organization expects 90 million locals to take trips this year, slightly less than 90.52 million in 2020. People have been […]
Read MoreThe Bank of Thailand has earmarked more than 8.23 billion baht for the rehabilitation of 4,254 loans, that have suffered due to rising economic uncertainties from the latest wave of Covid-19 infections. Suwannee Jatsadasak, senior director of the central bank, said the Thai banking system’s performance in the first quarter shows that the banking system […]
Read MoreHanoi and HCM City have seen different demands among business tenants from Japan and South Korea, according to Savills Vietnam. South Korean businesses have given priority to setting up offices or opening business headquarters in Ha Noi when entering the Vietnamese market. They are quite dependent on the Korean business community. Office space in Ha […]
Read MoreWith outlooks for emerging markets darkening considerably as developed economies rapidly vaccinate citizens, Moody’s Analytics has listed Cambodia among six “recovering” economies in ASEAN. The Kingdom is currently enduring a second wave after over 21,500 cases emerged following the so-called Feb 20 event, which caused Coronavirus to spread widely. As a result, the International Monetary […]
Read MoreMANILA, Philippines — The Philippines continued to lag behind its Southeast Asian neighbors in motor vehicle production as tepid demand further trimmed output in the first quarter. Data from the Association of Southeast Asian Nations (ASEAN) Automotive Federation showed the Philippines assembled 19,599 motor vehicles in the three months to March, down 13 percent from […]
Read MoreThailand’s economy shrank in the first quarter as coronavirus outbreaks hurt consumption and tourism, but the fall was less than expected helped by stronger non-agricultural output and exports. The economy contracted 2.6% in the March quarter from a year earlier, data from the National Economic and Social Development Council showed on Monday, versus a forecast […]
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