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Thailand: Samui Plus scheme sees lukewarm demand

The attempt to restart the battered tourism industry with the Samui Plus model which started on July 15, following the first-ever reopening plan under the Phuket sandbox, still has a long way to go to shore up the hotel business. As of Aug 24, Samui Plus had welcomed 431 international travellers, of which 34 tourists […]

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Southeast Asia economies will lag Latin America’s in growth this year: Moody’s

Latin America looks likely to take the lead over Southeast Asia in terms of economic growth this year, according to Moody’s Analytics. Economist Jesse Rogers, who covers Latin America and Asian emerging markets. He says Latin American economies have been boosted by the open-at-all-costs approach to the Coronavirus pandemic. “Though Delta’s rampage has occasioned only […]

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Thailand: Chamber pushes digital health app

The private sector has offered guidelines to “open a safe city” and recommends using a Digital Health Pass to reopen business. Thai Chamber of Commerce chairman Sanan Angubolkul said the chamber and a working group proposed relaxing restrictions on economic activities so entrepreneurs could safely resume business operations. “The private sector believes relaxing restrictions to […]

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Philippines: Cap on digital banks to benefit existing players

FITCH Ratings said the decision of the Bangko Sentral ng Pilipinas (BSP) to stop accepting new applications for digital bank licenses is beneficial to existing institutions. “Closing the door to new applicants helps to insulate conventional banks from more formidable competitors bearing these characteristics – at least until BSP’s moratorium on applicants is lifted,” it said in […]

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Vietnam: Business groups call for smooth issue of travel permits in locked-down cities, provinces

A number of industry trade groups have called on the Government and HCM City to issue travel permits to employees of their member companies to enable them to carry out some urgent tasks amid the city’s social distancing. They include the Vietnam Rubber Association, Vietnam Pepper Association, Vietnam Fruit and Vegetable Association, Vietnam Cashew Association, […]

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Thailand: Labour Ministry moves to create more jobs in EEC

The Labour Ministry is speeding up efforts to create almost 400,000 jobs in the Eastern Economic Corridor (EEC) to help those affected by the Covid-19 outbreak. This move came after the National Economic and Social Development Council indicated that unemployment in the country has risen due to the Covid-19 crisis. Labour Minister Suchart Chomklin said […]

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