The Ministry of Culture, Sports and Tourism wants to reduce the value of insurance deposits by 80 per cent to help travel companies that are struggling because of COVID-19. Since the pandemic began, the amount of international tourists rapidly declined as borders were closed to prevent the spread of the coronavirus. Although domestic travel continued, revenue dropped as […]
Read MoreThe latest Covid-19 outbreak, which began in late April, has slowed down the industrial real estate market. There have been only small-scale projects and no large scale one announced. After a series of large projects were announced in late 2020 and early 2021, including the additional investment of LG Display and the landing of Foxconn […]
Read MoreThe government expects a budget deficit of $86.7 billion, or 3.7% of the GDP, in the next five-year period. The government is expected to keep public debt at the maximum of 60% of the GDP, lower than the 65% ratio recorded in the 2016-2020 period, while government and foreign debts should not exceed 50% and […]
Read MorePursuing green growth will help Vietnam find new driving forces for sustainable development and enhance resilience against external shocks. Digitalization and its transformation into a green economy are top priorities for Vietnam to gain higher labor productivity in the future. The combination of these two factors would help boost the country’s productivity by one to […]
Read MoreThe Samui Plus scheme is anticipating soft demand due to a surge in daily cases and delays in the Certificate of Entry (COE) registration process, while travel agents want to see clear regulations before launching marketing plans. Ratchaporn Poolsawadee, president of the Tourism Association of Koh Samui, said the programme needs one to two months […]
Read MoreMANILA, Philippines — As pandemic restrictions ease, an old enemy of the Philippine economy is threatening to return and disrupt recovery: the current account deficit. Dollars have been flowing out of the economy since curbs were relaxed as imports recover. In turn, the exodus of foreign funds has already reversed the Philippines current account position, […]
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Thailand
