MANILA, Philippines — The Marcos administration will borrow at least $500 million, marking its second foray in the international debt market with the issuance of dollar and green bonds amid expectations of higher amounts to be raised as interest rates start to taper. In a notice of issuance, the Philippines targets to raise at least […]
Read MoreTravellers from China are forecast to regain the top spot in terms of arrivals this year with no fewer than 5 million, while low-cost carriers from Thailand rush to secure China’s routes to tap pent-up demand. Tourism Authority of Thailand (TAT) governor Yuthasak Supasorn said the resumption of the Chinese market could help increase employment in the […]
Read MoreAs experts forecast tourist arrivals in Southeast Asia will grow beyond pre-pandemic numbers in the next two years, could Asean maximise the benefits of this trend by removing barriers to travel within the region? Recognising the potential impact the sector could have on economic development, tourism has been a key area of cooperation among member states […]
Read MoreThe Royal Government of Cambodia through the Ministry of Economy and Finance (MEF) on Saturday last week released a proclamation after it had been issued on January 3, 2023, to approve the suspension of 1 percent prepayment of income tax for enterprises within the apparel and textile industry of Cambodia. However, the suspension would be […]
Read MoreMANILA, Philippines — The Philippines‘ debt may ease this year as the economy continues to bounce back from the impact of the COVID-19 pandemic, according to Moody’s Investors Service. In a report, the debt watcher said it believes the debt burden of the Philippines has peaked, but the scope for significant reduction is limited. “For […]
Read MorePARIS, France — World food prices fell for a ninth month in a row in December but hit their highest level on record for the full year in 2022, UN data showed Friday. Food prices soared to a monthly record high in March after Russia invaded agricultural powerhouse Ukraine, a major supplier of wheat and […]
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