Tourism

Thai mall spends $330 mln to attract Chinese tourists

The Platinum Group, whose wholesale fashion mall in Bangkok attracts about 15 million people yearly, expects booming Chinese tourism to support its retail shopping centre due to open next year.The firm is investing about 6 billion baht ($180 million) in the project and is banking on the deep pockets of Chinese visitors to woo retailers, according to President Chanchai Phansopha.

8 September 2017
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Cambodian crackdown unlikely to affect investment climate

Cambodian Prime Minister Hun Sen’s recent crackdown on dissent is expected to affect business sentiments in the country, which relies largely on international tourism. While such a move could send a negative signal to investors, it is unlikely to have any visible impact on FDI (foreign direct investment) flows into Cambodia.Cambodia, one of the fastest growing economies in Asia has achieved an average growth rate of 7.6 percent between 1994 and 2015, ranking sixth in the world.

7 September 2017
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