The 2024 Hainan Encouraged Catalogue aims to boost industries in the Hainan Free Trade Port, prioritizing sectors like tourism, modern services, and high technologies. It includes 176 entries across 14 categories, with new additions focusing on cultural tourism, new energy, medicine and health, aviation, aerospace, and environmental protection. The Catalogue offers incentives for foreign investment […]
China has expanded its 144-hour visa-free transit policy to travelers from 54 countries, allowing visits to certain areas without a visa. New locations include Zhengzhou in Henan Province and Yunnan Province. China Expands 144-Hour Visa-Free Transit Policy China has recently expanded its 144-hour visa-free transit policy, allowing travelers from 54 countries to visit select areas […]
Tourist arrivals in the Philippines were up 21.3% in Q1 2024 compared to the previous year, with South Korea being the top source market. Forecast predicts continued growth, reaching 9.4 million arrivals by 2028. The Latest: The most recent data by the Philippines Department of Tourism in April 2024 indicate that the market had 1.6mn tourist […]
Thailand’s health expenditure is expected to grow driven by digital health technologies, medical tourism, and an aging population. Public and private sectors will see growth, with public insurance covering the majority of the population. Healthcare personnel shortages may pose a challenge. Key View Thailand’s public and private health expenditure will grow over our five-year forecast […]
China will allow visa-free entry for foreign tourist groups arriving by cruise ship at 13 ports starting May 15, 2024. Visitors must stay with the same ship and in permitted areas for up to 15 days to boost tourism and enhance cruise industry growth. China Implements Visa-Free Entry for Foreign Tourist Groups on Cruise Ships […]
China will allow visa-free entry for foreign tourist groups arriving by cruise ship at 13 ports starting May 15, 2024. Visitors must stay with the same ship and in permitted areas for up to 15 days, aiming to boost tourism and facilitate cruise industry growth. China’s Visa-Free Entry for Tourist Groups by Cruise Ships China […]
Thailand’s economy struggles to recover post-pandemic, with slow GDP growth. Government implements short-term cash payments and debt relief, along with long-term policies like free trade agreements and industrial changes. Thailand’s Economic Slowdown Thailand’s economy is struggling to recover from the impact of the COVID-19 pandemic, with slow growth in GDP and GDP per capita. Unlike […]
Cambodia’s real GDP growth is predicted to be 5.8% in 2023 due to a recovery in tourism. Inflation should ease and fiscal policy will support consumption and investment, although export growth may slow. Potential risks include slower growth in Mainland China affecting tourism and investment. Key View We forecast real GDP growth of 5.8% in […]