THAILAND
Loy Krathong Expected to Draw 36% More Flights Than Last Year
Flight bookings to Thailand are expected to surge by 36% during the Loy Krathong festival, which falls on Friday, November 15, government deputy spokesman Karom Polpornklang said.
PM Courts US Cash on Trip
Thai diplomats have been urged to take a proactive approach to attracting foreign investors following Donald Trump’s US presidential election victory, Prime Minister Paetongtarn Shinawatra said on Tuesday.
CAMBODIA
Kingdom Shaping Entrepreneurial Ecosystem
Cambodia’s Entrepreneurial Ecosystem Strengthening Conference will be held on 25 November in Phnom Penh. The conference themed "Power of Collaboration for Impact," will explore opportunities and foster collaborations among the business community and support entrepreneurial growth and innovation in the Kingdom.
Soft, Hard Infrastructure Ready for Investors
Prime Minister Hun Manet said Cambodia had created a favourable investment environment from soft to hard infrastructure to encourage more foreign investors to invest in the Kingdom. Cambodia is intensifying efforts to connect to regional and global markets by negotiating free trade agreements.
LAOS
Laos Prepares for Resilient Economy
The Lao National Chamber of Commerce and The Asia Foundation on Tuesday discussed ways to build a resilient and inclusive domestic economy. Participants explored developing key sectors like agriculture, logistics, renewable energy, tourism, and transport to make the Loa economy more robust.
Laos Lures Diaspora Investments
Lao launched “Love Your Home Country” to encourage its nationals living overseas to invest in their homeland to strengthen socio-economic growth. The government wants to see more involvement of the overseas Lao community in bringing development to the rural community.
SINGAPORE
SkillsFuture Will Help S’poreans Seize New Opportunities as Lifespans Lengthen: PM Wong
As life expectancy increases and Singaporeans embark on multi-stage careers, SkillsFuture will enable them to seize new opportunities, said Prime Minister Lawrence Wong.
Clean Toilets, ‘Supprisingly’ Comfy Beds: Staying Overnight on One of the Singapore Navy’s Largest Ships
Cutting through the waves on a bright Saturday (Nov 9) morning were two high-speed naval vessels.
INDONESIA
Hotel Sector Raises Concerns Over Raja Ampat Nickel Mine
The Indonesian Hotel and Restaurant Association (PHRI) has expressed concern over potentially adverse impacts on the country’s tourist industry from a nickel project in the Raja Ampat regency, Southwest Papua.
Government Debt Hits US$537.34 Billion, Still Within Safe GDP Ratio
Indonesia’s government debt rose by 0.14 percent to Rp 8,473.9 trillion (US$537.34 billion) as of Sept. 30, up from Rp 8,461.93 trillion the previous month. This debt level represents 38.55 percent of the nation’s GDP, well below the 60 percent threshold set by the State Finance Law.
Conclusion
The Southeast Asian region is gearing up for a busy period, with various countries taking steps to boost their economies and attract foreign investments. From Thailand’s Loy Krathong festival to Cambodia’s entrepreneurial ecosystem, Laos’ efforts to lure diaspora investments, Singapore’s SkillsFuture initiative, and Indonesia’s concerns over a nickel mine, there is a lot happening in the region.
FAQs
Q: What is Loy Krathong?
A: Loy Krathong is a traditional Thai festival celebrated on the full moon day of the 12th month in the Thai lunar calendar.
Q: What is the Kingdom Shaping Entrepreneurial Ecosystem conference?
A: The conference is a platform for business leaders and entrepreneurs to come together and explore opportunities for growth and innovation in Cambodia.
Q: What is SkillsFuture?
A: SkillsFuture is a national movement in Singapore that aims to help Singaporeans acquire skills and knowledge to seize new opportunities as lifespans lengthen.
Q: What is the Raja Ampat nickel mine?
A: The Raja Ampat nickel mine is a proposed project in Indonesia’s Raja Ampat regency, which has raised concerns over its potential impact on the country’s tourist industry.