Thailand’s economic growth forecast revised down World

Thailand’s economic growth forecast revised down

The Joint Standing Committee on Commerce, Industry, and Banking (JSCCIB) of Thailand has decided to lower the national economic growth forecast for the year to 0 - 1.5 percent from the earlier projection of 0.5 - 2.0 percent, due to a prolonged third wave of COVID-19 infections.
Tourism firms hang tight in COVID-19 tsunami Videos

Tourism firms hang tight in COVID-19 tsunami

COVID-19 outbreaks since early 2020 are like tsunamis sinking tourism sector regardless of its effort to swim upward. Still, tourism firms have been trying to hang tight and wait for recuperation when the pandemic is eased globally.
Indonesia: Tourism continues suffering in January World

Indonesia: Tourism continues suffering in January

The number of foreign tourist visits to Indonesia in January still suffered from the COVID-19 pandemic and declined by 89.05 percent compared to the same month of last year, the country’s statistics bureau (BPS) reported.
Indonesia launches soft loan to revive Bali's tourism industry World

Indonesia launches soft loan to revive Bali's tourism industry

Indonesian Tourism and Creative Economy Minister Sandiaga Uno said on February 16 that the country will roll out a soft loan worth 9.4 trillion Rp (670 million USD) to accelerate tourism recovery in Bali, where 80 percent of population make a living in the sector.
Thai economy battered by new wave of COVID-19 World

Thai economy battered by new wave of COVID-19

Thailand’s GDP growth could drop below the 3.2 percent baseline projection due to lower foreign arrivals amidst uncertainty regarding COVID-19 vaccine efficiency, and reduced fiscal stimulus, according to the latest minute from the Bank of Thailand’s Monetary Policy Committee (MPC).
Indonesia helps tourism sector weather COVID-19  ASEAN

Indonesia helps tourism sector weather COVID-19

Indonesia’s Minister of Tourism and Creative Economy Wishnutama Kusubandio recently vowed to disburse an aid package worth 3.3 trillion IDR (224 million USD) for tourism-related businesses and local administrations.