The recent report from SCMP highlighting the decline in Chinese tourists opting to stay home, thereby impacting Southeast Asia’s economic recovery, sheds light on the challenges faced by the region’s tourism industry. This development underscores the need for diversification, adaptability, and collaboration to mitigate the impact and foster sustainable growth. Chinese tourists have been a significant driving force behind Southeast …

Malaysia – The Department of Statistics Malaysia (DoSM) is confident about Malaysia’s economic recovery in Q3 2022, despite external threats and downward pressure following Q1 2022’s favorable performance. Datuk Seri Mohd Uzir Mahidin, chief statistician, said several nations performed better in Q1 2022, suggesting economic recovery despite various global crises producing supply chain disruptions, inflationary pressure, and monetary policy tightening. …

Indonesia – President Joko Widodo (Jokowi) drew the consideration of the United States (US) business people to Indonesia’s advanced economy potential and earnestness in working with fair and helpful improvement for all. During a gathering as a piece of the US-ASEAN Summit Agenda in Washington D.C., Jokowi confirmed that Indonesia’s computerized economy valuation is figure to arrive at US$146 billion …

Malaysia – According to a poll conducted by Airbnb, an online lodging marketplace, more than half of respondents are inclined to stay in short-term rental accommodation when traveling domestically. As indicated in the poll, which was conducted among 1,020 Malaysians between December 23, 2021 and January 14, 2022, more than two-thirds (68%) of respondents are likely to use Airbnb when …

Malaysia – On February 20, DAP announced it supports the National Recovery Council’s (NRC) recommendation to restore international borders on March 1 in order to assist the country’s economic recovery and create new employment possibilities. Lim Guan Eng, the party’s secretary-general, said that the party is prepared to set aside political differences in order to satisfy the NRC’s demand, which …

Malaysia – Uncoordinated efforts in the management and procurement of foreign employees in all areas, according to a member of Parliament, would impede the country’s economic progress and create even more difficulties, particularly at a time when there is a labor shortage. Maria Chin Abdullah, a member of Parliament from Petaling Jaya, believes that the Ministry of Human Resources’ (MoHR) …

ASEAN – President Joe Biden of the United States stated that his government is looking forward to working with Cambodia as the ASEAN chair, and that the US expects that ASEAN-US ties will continue to improve. “Under Cambodia’s chairmanship, the United States wants to both expand our partnership with ASEAN and continue to pursue our common interests in the region,” …

Malaysia – Youth and Sports Minister Datuk Seri Ahmad Faizal Azumu said that electronic sports, often known as e-sports, would continue to get enough funding in the Budget 2022, which will be presented at the end of this month. He however said that the sum allocated to e-sports, which was growing popularity, particularly among Malaysia’s youth, would not be excessive. …

Speeding up inoculation and lessening the quantity of COVID-19 cases are keys to introduce worldwide monetary recuperation, as indicated by Bank Indonesia (BI), Indonesia’s national bank. For them, This is the key answer why worldwide financial recuperation presently is on an expanding pattern. The top of the Macro Economy Group of Macro Economy Policy Department at BI Riza Tyas Utama …

PETALING JAYA: DAP Secretary-General Lim Guan Eng said today that the government’s new RM20 billion economic recovery plan was insufficient to lift the country out of recession. He said that Prime Minister Muhyiddin Yassin’s new Pemerkasa stimulus package, which included just RM11 billion in fiscal injections compared to previous stimulus packages, was insufficient. This 50% discount or pay RM5,000 within …