Boosting the Tourism Sector in Brunei
Under the Wawasan Brunei 2035, tourism has been identified as one of the five priority sectors for economic diversification.
Bright Prospects for ASEAN+3 Amid Uncertainty
The ASEAN+3 region remained resilient in a challenging global landscape in 2023.
Does Singapore’s Swift Deal Signal a New Era of Industrial Policy?
Taylor Swift’s widely popular Eras Tour in Asia that ended in Singapore last month has become the talk of the town in Southeast Asia and globally.
Navigating Challenges to Revive Hong Kong Tourism
Tourism’s recovery is on track, but Hong Kong requires stronger measures to become a preferred destination of choice.
Recharging Cambodia’s Tourism Sector
The tourism sector has long been a linchpin of Cambodia’s economic growth and employment.
ASEAN+3 Region Poised for Stronger Growth in 2024
AMRO maintained its 2024 growth forecast of 4.5 percent for the ASEAN+3 region in its January quarterly update.
AMRO Maintains ASEAN+3’s 2024 Growth Forecast, Warns on Inflation
The ASEAN+3 region is forecast to grow by 4.3 percent this year, down from July’s projection of 4.6 percent.
ASEAN+3 Regional Economic Outlook 2023 in Five Charts
The post-pandemic recovery year of 2022 was beset by challenges: the Russia-Ukraine conflict led to a surge in global commodity prices, while record high inflation and the release of pent-up consumer demand resulted in sharper monetary tightening in the United States
Changes Thailand’s Tourism Sector Will Need to Make
The COVID-19 pandemic and the measures taken to curtail its spread have taken a heavy toll on Thailand’s economy. Among ASEAN+3 economies, Thailand is the third most reliant on travel and tourism for growth and jobs, with direct and indirect contributions totaling around 20 percent of GDP and employment (Figure).
The Restart of Tourism in the ASEAN+3: When Will the Love Boat Sail Again?
The pandemic has brought the global tourism industry to its knees, with the ASEAN+3 region having been particularly hard hit.