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Thailand: Investors get more assurances

The government has pledged to speed up approvals and kick-start construction of key infrastructure projects before the much-anticipated but still-unscheduled general election. The projects range from motorways and mass transit to double-track rail and high-speed train projects, worth a combined 2.4 trillion baht. Deputy Prime Minister Somkid Jatusripitak said Thursday that all significant infrastructure projects […]

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Thailand: Improving economy lifts local tourism

The Thai tourism industry is expected to continue growing in the second and third quarters of 2017, thanks to an improving domestic economy and an influx of tourists seeking to avoid high-risk countries. Ittirit Kinglake, president of the Tourism Council of Thailand (TCT), forecasts the country will receive 8.04 million international tourists during the second […]

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Cambodia wins eco-tour expo title

Cambodia has been named as “The Most Wonderful Eco-Tour” destination by the International Travel Expo Hong Kong 2017 and a leading Hong Kong-based magazine. A Tourism Ministry delegation was among groups from 55 major tourism destination countries and 650 tour operators at the expo from Thursday to Sunday. “During the event, Cambodia was honoured by […]

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Myanmar: Ministry, UMFCCI join calls for import substitution as import rises

The import volume has increased by US$600 million, compared to the same period from the previous fiscal year, according to 2017-18 trade statistics up till May from the Ministry of Commerce (MOC). Total trade volume from April 1, 2017 to June 2, 2017 is $5.07 billion – an export of $1.9 billion and import of $3.11 billion. When compared to last year’s performance, export increased by about $100 million while Myanmar imported […]

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Philippines: Ecozone investments seen tripling this year

MANILA, Philippines –  The Philippine Economic Zone Authority (PEZA) expects approved investments this year to at least triple to P654.54 billion due to heightened foreign investor interest in the country, its top official said yesterday.  With bullish investor sentiment, PEZA director general Charito Plaza said investment approvals by the agency may even quadruple to P872.72 […]

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