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Thailand: TAT estimates 3.14m domestic trips

The Tourism Authority of Thailand (TAT) forecasts domestic tourism to tally 3.14 million trips during the New Year holiday, generating 11.2 billion baht, with the northern region posting the highest occupancy rate at 78%. The countdown celebrations in 12 provinces are poised to stimulate 4.21 billion baht for the local economy, said the agency. Yuthasak Supasorn, […]

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Philippines: BSP sets rules for payment system

MANILA, Philippines —  The Bangko Sentral ng Pilipinas (BSP) has issued rules for the participants in an infrastructure that provides real-time settlement of payments, funds transfer instructions, and other obligations individually on a transaction-by-transaction basis to ensure the smooth flow of funds in the financial system. BSP Governor Felipe Medalla said that the Peso Real […]

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Thailand: Pricey low-rise sector grows

Demand for high-priced low-rise houses continued to grow for two consecutive quarters, with market value in the third quarter soaring by 58% from the second, while developers launched new supply in this segment. Vichai Viratkapan, acting director-general of the Real Estate Information Center (REIC), said low-rise houses priced 20 million baht and higher posted significant growth […]

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