#Thailand to reopen to tourists in July but Brits may be banned

According to the Bangkok Post, Thailand’s National Security Council chief has told them that the country has set July 1 for the end of all ‘business and activity lockdowns’

Thailand will reopen to tourists on July 1 but Brits could be banned due to our poor coronavirus record.

People will be expected to wear face masks follow social distancing and wash their hands regularly once restrictions are lifted.

According to the Bangkok Post, Thailand’s National Security Council chief has told them that the country has set July 1 for the end of all ‘business and activity lockdowns’.

Gen Somsak Roongsita told the paper that the State of Emergency brought in on March 26 to deal with the coronavirus pandemic will end in June with a ban on international travel ending at the same time.

The Bangkok Post reports that Gen Roongsita has said that the lifting of restrictions would be a ‘complete reopening of the country’.

But there could be bad news for Brits.

Governor for the Tourism Authority of Thailand, Yuthasak Supasorn, has said that the country would look at restrictions on who could visit.

He told CNN that Thailand would look at tourists’ country of origin “to see if their situation has truly improved”.

This could mean that once again Brits are blacklisted due to the UK’s poor coronavirus record.

Greece and Cyprus have already banned the UK from visiting when they reopen their borders to foreign tourists.

Mr Supasorn said: “We are not going to open all at once.

“We are still on high alert, we just can’t let our guards down yet.

“We have to look at the country of origin [of the travelers] to see if their situation has truly improved. And lastly, we have to see whether our own business operators are ready to receive tourists under the ‘new normal’.”

Next month Thailand will enter the third phase of easing lockdown restrictions with officials preparing measures for July.

“Authorities will have serious discussions because after the emergency decree ends, other laws will be used instead,” Gen Roongsita said.

He added: “People’s cooperation is important. This concerns the use of face masks, social distancing, hand wash and limited activities.

“As long as the disease is spreading worldwide, we will have to fight against it for a while.”

Mr Supasorn told CNN there will be still be restrictions on where people can go.

He added: “We have studied a possibility of offering special long-stay packages in isolated and closed areas where health monitoring can be easily controlled – for example, Koh Pha Ngan and Koh Samui.

“This will be beneficial for both tourists and local residents, since this is almost a kind of quarantine.”

In preparation for the reopening of the country Thailand will next week shorten curfew hours and ease restrictions on more businesses.

This is in response to its low numbers of locally transmitted cases of the coronavirus.

Starting from June 1, cinemas and theatres can reopen, but with no more than 200 people at a time and with strict social distancing measures.

A curfew will be shortened by one hour to last from 11pm to 3am and shopping malls, which reopened earlier this month, will also be allowed to extend their operating hours, he added.

“The reopening will help stimulate the economy and ease some financial burdens,” Somsak said.

Zoos, beauty clinics, spas, and traditional Thai massages will be allowed to operate, with social distancing in place, as will soccer fields and volleyball and basketball courts, but only for training purposes and with limits on spectators.

Fitness clubs can also reopen but with limited users at each time.

Thailand’s planning agency on Thursday said the impacts of the coronavirus could cause the loss of up to 2 million jobs this year, particularly in the tourist industry. It predicts the economy will shrink 5%-6% this year.

Thailand confirmed 11 new coronavirus cases on Friday, an no new deaths. All those cases were arrivals from Kuwait and were in state quarantine.

All but one of the cases reported this week were detected in quarantine.

The coronavirus has infected 3,076 in Thailand since January and killed 57.

Source - Pattaya One / Bangkok Post

#Cambodia’s lifting of entry ban will have minimal impact on tourism or economy

Cambodia lifted a ban on entry of visitors from Iran, Italy, Germany, Spain, France and the United States that had been put in place to curb the spread of coronavirus, the health ministry a week ago and the immediate result of this is the detection of two COVID-19 positive patients.

The cross signals sent by the Ministry of Health is doing Cambodia no favours as on one hand, Cambodia announced very early on that it would provide free medical treatment for COVID-19 positive victims despite their nationalities.

Thus, the imposition of a $50,000 insurance policy, mandatory upon entry into Cambodia further complicates normalization of inbound passengers into Cambodia.

Despite the easing, foreign visitors would still need to have a certificate no more than 72 hours old confirming that they are not infected with the novel coronavirus and proof of $50,000 worth of health insurance while in Cambodia, the ministry said.

They also would be quarantined for 14 days after arrival at government designate place and tested for the coronavirus, a ministry statement said, but did not specify where.

Airline executives, welcoming the abolishment of minimum tax until July said the tax relief was welcome but too little, too short a period of time and too late as they have been hit severely since the outbreak started peaking in March and when most countries imposed lock downs and flight restrictions.

“The direct result of the extraneous conditions imposed by Cambodia in her attempt to curb the spread of imported cases of the virus is tourism dropping to almost zero and all Asean carriers suspending flights, partly because of the pandemic and partly because of their own severity with the pandemic.

“Cambodia should move to revive air travel and impose less restrictive measures and instead adopt measures to boost air travel. Local businesses, especially hospitality and services sectors are hit severely and since other countries in the region are opening up their economic activities, Cambodia should follow suit and not get left behind,” the executives, fearing reprisal said, declining to be identified.

Asean, they said, should come to a collective decision to open up the skies and air travel and adequate measures should be in place prior to this happening.

“If Asean cannot get its act together, how are they going to tackle the economic crisis looming? Thailand imposes $100,000 insurance requirements, extends emergency but relaxes conditions while Cambodia is sending mixed signals.

“Flights are necessary to stimulate growth one way or another and measures must be adopted to facilitate this, not inhibit as relaxing flight restrictions from the six countries is futile since they still have huge number of cases while Asean with lesser cases have got no ban but no flights as well,” they said.

UNWTO has forecasted a decline in international tourism receipts of between $910 to $1,170 billion in 2020, compared to the $1.5 trillion generated in 2019, with 96% of worldwide destinations having travel restrictions.

IATA has estimated that Cambodia faces a possible direct and indirect job loss of more than 700,000 while in Asia-Pacific as a whole 11.2 million jobs are at risk, including those that are dependent on the aviation industry, such as travel and tourism.

“Providing support for airlines has a broader economic implication. Jobs across many sectors will be impacted if airlines do not survive the COVID-19 crisis. Every airline job supports another 24 in the travel and tourism value chain,” says Conrad Clifford, IATA’s Regional Vice President, Asia-Pacific.

Source - Khmer Times

#Thailand may take THREE YEARS to recover from COVID

The Thailand Development Research Institute (TDRI) has forecast that Thailand is likely to take up to three years to return to normal. 

Speaking at a seminar titled “New Normal for Business Sector” held by the Thai Chamber of Commerce (TCC), Somkiat Tangkitvanich, TDRI’s president, said this economic crisis triggered by the coronavirus outbreak is expected to be bigger than the 2008 global financial crisis.

He said TDRI expects it will take a year to 18 months to make and distribute a vaccine, and up to three years for the Thai economy to return to 2019 levels.

According to Somkiat, Thailand is in a transitional period, with lockdown measures starting to ease and many businesses allowed to reopen. However, he insisted tight control measures are still needed to curb a second wave of the outbreak.

The business sector needs to come up with new business practices to adapt to a changing business environment.

Despite massive fiscal stimulus packages and monetary easing, CIMB Thai Bank (CIMBT) predicted the Thai economy could continue falling sharply this quarter, with GDP contraction possibly below the 12.5 percent seen in the second quarter of 1998.

Thailand’s full-year GDP growth contracted by 7.6 percent 22 years ago when the economy reeled from the Asian financial crisis in 1997.

“We project a sharp fall of GDP in the second quarter by 14 percent from the previous year,” said Amonthep Chawla, head of research at CIMBT.

Amonthep said exports could continue to plunge from weak global demand and continual lockdowns in major economies. The number of tourist arrivals in the second quarter should drop sharply from travel restrictions.

The private sector will likely remain weak for both consumption and investment, following a decline in both farm and non-farm income and a lack confidence among consumers and investors, he said.

Thailand’s economy contracted by 1.8 percent year-on-year and 2.2 percent quarter-on-quarter on a seasonally adjusted basis for the first quarter, mainly attributed to the COVID-19 outbreak affecting the lucrative tourism industry, external demand and domestic private consumption.

The economy could shrink by about 10 percent year-on-year in the second half, but quarterly growth could recover, he said.

Source Pattaya One News

Global aviation in acute crisis

“…by the end of May 2020 most airlines in the world will be bankrupt.”

Global aviation has been battered and commercial scheduled air traffic remains mostly grounded as countries enforce their lockdowns and travel restrictions. There are few signs that the end is in sight. For the largest of carriers like IAG (British Airways), United, American Airlines, Emirates Lufthansa and many more all have been forced to seek help from their governments (see summary below).

The vital travel and tourism industry – which has often be the driver to a country’s economic recovery following past crises, is keen to see international air travel resume ASAP. The business of tourism which generates 10.3 percent of global GNP is anxious to restart travel.

A post-corona airline industry is going to look very different. Those that survive will have evolved into smaller leaner and debt laden businesses and probably bailed out by governments. Some aviation analysts are predicting that Covid-19 will leave the industry decimated and by the end of May 2020 most airlines in the world will be bankrupt. CAPA analysts have also reported the same, most of the world’s airlines could be bankrupt by the end of May if the situation does not turn around quickly.

One potential solution they propose would be to rescind national ownership rules and allow the industry to merge into global brands.

The post-corona chaos offers a rare opportunity to reset the building blocks of a global airline industry.

Emerging from the crisis will be like entering a battlefield littered with casualties. The field is open for lawmakers and financial markets to make their own demands on an industry that already has a long list – wish lists of ways they should treat customers better, reduce their carbon footprint and adopt more sustainable business practices.

As the impact of the corona virus slashes through our world, many airlines have already been driven into technical bankruptcy. We see cash reserves are running down quickly as fleets are grounded. Forward bookings far outweigh cancellations and each time there is a new government recommendation it is to discourage flying and travel.

“The new normal has not yet arrived at the airport.”

The International Air Transport Association most recent prediction is that European airlines will see demand drop by 55 percent in 2020 compared to 2019 and potential revenue losses will total $89 billion. The association revised its loss prediction of $76 billion made in March as the impact of the corona virus global pandemic on the airline industry continues to hit unprecedented levels.

There has been a 90% drop in regional demand in the last several weeks and IATA has cited the introduction of travel restrictions around the world limiting movement only to essential travel and repatriation of citizens to their home countries as having “a greater impact than previously expected.”

A significant number of European airlines have suspended passenger operations with two of the region’s largest carriers, easyJet and Ryanair, not expecting flights to operate until June.

Airlines will be hoping for corporate travel to bounce back quickly, business travellers probably pay four to five times the average fare on a typical flight – having them quickly back on airplanes is vitally important.

Even if the economy begins to recover in the third quarter of this year, as many economists predict, corona virus fears could lead to a slow recovery as travel struggles to regain its pre-crisis levels.

It could take months for an airline to come back to life. Also if second waves of the disease go around the world and possible hot-spot flare up these may reduce passenger confidence to travel. And while essential maintenance is still happening daily on parked planes, they will all need to be brought back into flying condition before being put back into service.

Demand is drying up in ways that are completely unprecedented. The new normal has not yet arrived at the airport.

The crisis list…

✈️ The US government agreed a $61 billion bailout for the US airline industry as the corona virus pandemic brings travel to a virtual standstill. The grants to major airlines including American, Delta, Southwest, JetBlue and United will probably come with strings attached.

On the 14 April 2020 the International Air Transport Association released updated analysis showing that the Covid-19 crisis will see airline passenger revenues drop by $314 billion in 2020, a 55% decline compared to 2019.

Earlier, on the 24 March IATA had estimated $252 billion in lost revenues (-44% vs. 2019) in a scenario with severe travel restrictions lasting three months. The updated figures reflect a significant deepening of the crisis since then, and reflect:

1- Severe domestic restrictions lasting three months

2- Some restrictions on international travel extending beyond the initial three months

3- Worldwide severe impact, including Africa and Latin America (which had a small presence of the disease and were expected to be less impacted in the March analysis).

Full-year passenger demand (domestic and international) is expected to be down 48% compared to 2019.

✈️ Virgin Australia went into voluntary administration on April 21 due to crippling debts exacerbated by the corona virus lockdowns. At least 10,000 jobs would be at stake if the airline folds. Virgin is carrying about AUS$5 billion (US$ 3.2 billion) in debt and had sought federal help to keep operating but the Morrison government rejected a $1.4 billion bailout.

✈️ Thai Airways similarly to Virgin Australia is seeking a US$1.8 billion restructuring loan from the government. The loan is unpopular as many believe that in its existing state it is doomed to fail. Trust of its management and directors has reached new lows with the Thai PM Prayut Chan-o-cha and the public. Thai Airways must submit a rehabilitation plan by the end of the month if it wants the government to consider a rescue package. Transport Minister Saksayam Chidchob set the deadline amid this rising public sentiment against a state-backed loan.

✈️ IAG (British Airways’ parent company) the group announced in March moves to protect capital and reduce costs.

“We have seen a substantial decline in bookings across our airlines and global network over the past few weeks and we expect demand to remain weak until well into the summer,” CEO Walsh said. “We are therefore making significant reductions to our flying schedules. We will continue to monitor demand levels and we have the flexibility to make further cuts if necessary. We are also taking actions to reduce operating expenses and improve cash flow at each of our airlines. IAG is resilient with a strong balance sheet and substantial cash liquidity.”

Capacity for April and May will be cut by at least 75% compared to the same period in 2019. The group will also ground surplus aircraft, reduce and defer capital spending, cut non-essential and non-cyber related IT spend, and discretionary spending. The company also plans to reduce labour costs by freezing recruitment, implementing voluntary leave options, temporarily suspending employment contracts, and reducing working hours.

✈️ Air Mauritius goes into Voluntary Administration.

✈️ South African Airways Bankrupt. On 5 December 2019, the Government of South Africa announced that SAA would enter into bankruptcy protection, as the airline has not turned a profit since 2011 and ran out of money.

✈️ Finnair returns 12 planes and lays off 2,400 people.

✈️ YOU grounds 22 planes and fires 4,100 people.

✈️ Ryanair grounds 113 planes and gets rid of 900 pilots for the moment, 450 more in the coming months.

✈️ Norwegian completely stops its long-haul activity!!! The 787s are returned to the lessors.

✈️ SAS returns 14 planes and fires 520 pilots… The Scandinavian states are studying a plan to liquidate Norwegian and SAS to rebuild a new company from their ashes.

✈️ IAG (British Airways) grounds 34 planes. Everyone over 58 to retire.

✈️ Ethiad cancels 18 orders for A350, grounds 10 A380 and 10 Boeing 787. Lays off 720 staff.

✈️ Emirates grounds 38 A380s and cancels all orders for the Boeing 777x (150 aircraft, the largest order for this type). They “invite” all employees over 56 to retire

✈️ Wizzair returns 32 A320s and lays off 1,200 people, including 200 pilots, another wave of 430 layoffs planned in the coming months. Remaining employees will see their wages reduced by 30%.

✈️ IAG (Iberia) grounds 56 planes.

✈️ Luxair reduces its fleet by 50% (and associated redundancies)

✈️ CSA abolishes its long-haul sector and keeps only 5 medium-haul aircraft.

✈️ Eurowings goes into Bankruptcy

✈️ Brussels Airline reduces its fleet by 50% (and associated redundancies).

✈️ Lufthansa, the German federal government agreed on a €9 billion ($9.74billion) rescue package and plans to ground 72 aircraft.

✈️ Air France KLM Chief Executive Ben Smith said that voluntary redundancies would be part of the airline’s initial cost-cutting plans, and that costs at its ‘HOP’ arm were not viable as things stood. In an interview just hours after Air France KLM secured 7 billion euros ($7.6 billion) in French government aid, he also said that it could take two years, or possibly “even a bit longer,” before things returned to normal in the aviation and airline industry.

Global aviation in acute crisis | Source - News by The Thaiger

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One of Thailand’s Richest Men Says Its Time to Welcome Back Tourists

One of Thailand’s richest men is urging the government to relax lockdown measures and welcome tourists back as soon as possible. Furthermore to turn the country into a “safe haven” for wealthy visitors.

Billionaire Dhanin Chearavanont who is the senior chairman of the kingdom’s largest food and agriculture conglomerate Charoen Pokphand (CP) Group, said the move would help revive the tourism sector.

“Thailand’s economic losses from the lockdown are estimated to be at 16 billion baht per day or almost 500 billion per month,” he told the Bangkok Post. “A longer lockdown will cost us more and more we need tourism.”

Thailand has been under lockdown since March 9th, 2020. After the government acted to stem an increase in confirmed Covid-19 coronavirus cases. The government said the coronavirus infection rate is now about 1%.

The economic impact of the lockdown is apparent as millions of workers applied for unemployment benefits. The tourism sector is also hit hard after the kingdom stopped taking in foreign visitors.

Thailand reports zero new covid-19 coronavirus cases

The Centre for Covid-19 Situation Administration (CCSA) report zero new infections on Wednesday. The first time in 65 days since the lockdown began. The kingdom has recorded 3,017 cases.

“We can’t wait until a vaccine is developed and produced in sufficient quantity to roll out to the entire population,” Mr Dhanin said. “The economy won’t survive that long.” We need to tourists to come back to Thailand.

He said Thailand’s tourism sector accounts for 16-17% percent of the countries GDP. It should be revived due to improvements in the virus situation.

Mr Dhanin also proposed the government attract high-spending tourists from across the world. Above all by highlighting Thailand’s success in containing the Covid-19 Coronavirus.

“The number of infection and death cases in Thailand is very low compared with other countries. Even though our lockdown began later,” he said. “There were also a large number of Chinese tourists in the country.”

“This reflects the doctors and hospitals in Thailand are the best and we need to tell the world about it,” he said.

Mr Dhanin topped Forbes magazine’s “Thailand’s 50 Richest” this year. He is among 20 Billionaires in Thailand whom Prime Minister Prayut Chan-o-cha asked to develop relief projects to help people affected by the outbreak.

Source - Chiang Rai Times

Airports of Thailand Offers Huge Discounts for Airlines and Business

Airlines and concessionaires that suspended operations will not owe rent or concession charges for 9 months or until operations resumed, AOT said.

Thailand’s State-owned Airports of Thailand Pcl has said it will offer new measures for airlines and businesses to mitigate the Covid-19 impact. Because of the decline in flights and passengers amid the coronavirus outbreak.

Airports of Thailand (AOT) said it would offer a 50% reduction in rents, terminal fees and landing charges from April to December for airlines and businesses.

The announcement comes after AOT warned on Wednesday that it expected passenger traffic to drop by 53% for the fiscal year ending in September.

Airlines and concessionaires that suspended operations will not owe rent or concession charges for 9 months or until operations resumed, AOT said.

Duty-free retailer King Power, which holds the majority of duty-free and commercial concessions at airports, has closed its stores and is selling non-duty-free products online.

AOT operates six airports, including the country’s largest international hub, Suvarnabhumi Airport, and saw nearly 900,000 flights and 141.8 million passengers in the year that ended September 2019, booking profits of 25 billion baht ($773.5 million).

Its airport on the resort island of Phuket is closed.

Thailand has reported 2,839 cases and 50 deaths from the coronavirus.

The country’s aviation regulator in early April imposed a ban on passenger flights until the end of the month to curb the spread of the virus. The government had already banned the entry of non-resident foreigners in March.

Southeast Asia’s second-largest economy stands to lose 1.3 trillion baht, most of it in the tourism sector.

More than 2.57 million people have been reported to be infected by the coronavirus globally, and 178,574 have died, according to a Reuters tally.

Source - Chiang Rai Times

Visitors vanish from Asia's most visited sites

As dawn breaks the unmistakable tapered towers of Angkor Wat emerge from the gloom - but for once there are no tourists jostling on its steps to capture Cambodia's most famous sunrise.

Asia's most Instagrammable sites - temples, promenades, shopping streets,

museums and mausoleums - are empty, victims of a virus keeping visitors at home.

The usual crowds have evaporated from Sensoji temple in Tokyo to Shanghai's Bund; abandoning the viewpoint at The Peak in Hong Kong and alleviating the pedestrian crush along Sydney Harbour.

Many of the now vanished visitors are from China - a country whose travelers have completely reshaped the tourist economies of Asia over the last few years, yet where only around 10 percent of the population hold passports.

At the Angkor Wat complex, a 12th century marvel of Khmer architecture whose unique crenellations and reliefs lure millions each year, high season has brought the lowest number of tourists on record.

Chinese-speaking Cambodian guide Hor Sophea has not taken any tours since late January. Several weeks on, money is getting tight.

"I've never seen so few tourists," said the 36-year, gesturing at the large moat inside the Angkor Wat complex, whose gangways normally bustle with selfie-taking hordes but are now empty.

"I am very worried... I don't know how much longer we can carry on like this."

The Angkor complex in Siem Reap province attracts the bulk of the kingdom's foreign tourists -- which hit a record 6.6 million in 2019, nearly half of whom were from China.

But the outbreak of the coronavirus has withered Chinese tourist arrivals by 90 percent.

Prime Minister Hun Sen has announced tax breaks for hotels and guesthouses in Siem Reap for four months to offset the losses.

But the discovery on Saturday of the first Cambodian with the infection - in Siem Reap - is likely to cement the stay-at-home mentality among many travelers.

The economic impact is also cascading across Asia.

In Bali, piers once bristling with arrivals from China are now decorated with moored boats, while in Tokyo the slump in mainland visitors - as well as South Koreans - is hammering restaurants in tourist areas.

At the Tsukiji fish market some restaurants say their take is nearly 70 percent down.

"People stopped coming from China during the Lunar New Year... the streets and shops around here are near-empty," Hiroshi Oya, 61, a cook at a Japanese seafood restaurant told AFP.

"Then South Koreans stopped coming too. The tuna shop next to us decided to close temporarily to avoid running costs," he added.

But for those who are inured to the panic gripping the globe and choose to navigate travel restrictions and the morass of quarantine, a rare privilege of empty sites is their reward.

At the Angkor complex, even Ta Prohm -- the 'Tomb Raider Temple' famed for its embrace by giant tree roots and a Hollywood film franchise -- has only a smattering of visitors each day.

"We're very very lucky. Covid-19 has probably done us a favor," Australian tourist Andres Medenis, who came for sunrise at Angkor Wat, told AFP.

"But the economy is going to be really affected by that... so I feel sorry for the local people." 

The JakartPost

#Indonesia sets focus on European tourists amid decline in Chinese visitors

Following a decline in the number of Chinese tourists caused by the increased tension of China’s trade war with the United States, the government is now seeking to lure more visitors from European countries.

“We don’t have to [rely on] Chinese tourists all the time. We will shift our target to European countries such as the United Kingdom, which we haven't really tapped into,” Tourism and Creative Economy Minister Wishnutama Kusubandio told tempo.co on Wednesday.

According to Wishnutama, the characteristics of Indonesia’s tourist destinations, which mostly boast natural wonders, suit the European market, which largely prefers outdoor activities such as sailing in Labuan Bajo in East Nusa Tenggara and Tanjung Puting in Central Kalimantan.

However, marketing the archipelago as a tourist destination for Europeans would be more costly as it requires more effort, he added.

"But it's a market with potential. We can see now that Labuan Bajo has been welcoming mostly Western tourists," said Wishnutama, adding that the ministry was also wanted to attract more tourists from the United States and Australia who have similar interests.

According to Statistics Indonesia (BPS), Indonesia welcomed 1,565,200 tourists from Europe between January and September 2019. The number is slightly less than the 1,566,900 people of the year before.

During the same period, Indonesia reportedly welcomed 482,500 American tourists, which was an increase of 12.93 percent compared to last year.

Although Wishutama said that he would shift his focus to marketing Indonesian tourism destinations in Europe and other Western countries, he also said he will keep encouraging tourists from China.

Despite the new strategy, Wishnutama said that the government would continue to boost the growth of Chinese tourist visits to the archipelago, with Likupang and Manado in North Sulawesi being prepared as the main destinations to attract them.

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 Based on BPS data, the number of Chinese tourist visits between January and May 2019 only grew 2.2 percent. Following the decline, Malaysia replaced China as the number one foreign tourist contributor to Indonesia thanks to its 23.04 percent growth during the same period.

In early December, Indonesian Hotel and Restaurant Industry Association chairman Haryadi Sukamdani predicted that the number of Chinese tourists visiting Indonesia might drop by 15 to 20 percent.

“[The decline], which predicted to reach almost 1.5 million visitors, is purely due to economy [factor],” Haryadi said.

Source - TheJakartaPost 

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Travel wallet YouTrip sees unstoppable Thai baht as opportunity

YouTrip, the provider of a multi-currency travel wallet service in Asia, thinks it could be a beneficiary of Thailand’s high-flying baht.

The baht’s climb spurs foreign-exchange demand by encouraging Thais to travel and shop abroad, YouTrip’s Chief Executive Officer Caecilia Chu said in an interview in Bangkok. The company rolled out its service in Singapore last year and in Thailand this month.

“This is the best time to enter the market,” Chu said. “People want to buy things outside of Thailand because the currency is so strong.”

YouTrip offers a multi-currency travel e-wallet with a prepaid Mastercard. Users charge up the wallet from their smartphones. The card lets travelers pay overseas with no fees in 150 currencies at wholesale exchange rates, according to the firm.

The service is trying to disrupt a sector that can involve either time-consuming, cash-heavy trips to money changers, or the use of traditional bank cards with fees and exchange-rate markups.

The firm’s revenue comes from commissions paid by merchants for purchases using the card.

The Thai baht has appreciated more than 9% against the dollar in the past year, the most in emerging markets, data compiled by Bloomberg show. The jump has hurt the trade-led Thai economy, which is on course for the weakest growth in 2019 in five years.

The slowdown could crimp outbound tourism temporarily but many analysts see long-term potential. Chu said about 11 million Thais go overseas for holiday each year, spending an estimated 400 billion baht ($13.2 billion).

She aims to sign up 400,000 Thai customers in the first year. The “untapped opportunity” stems from the fact they undertake foreign-exchange transactions in cash, Chu said.

YouTrip, which also has a base in Hong Kong, plans to expand into at most two more Southeast Asian markets over the next year, Chu said. The firm raised S$25.5 million ($18.7 million) in funding in May.

Source - TheJakartaPost

#Cambodia - ‘Xi pushing further Preah Sihanouk investment’

As China continues to invest in Preah Sihanouk province, despite fears raised by residents over the recent influx of its nationals, an official from the Asian giant on Monday said President Xi Jinping is pushing for further investment in the coastal area.

“Cambodia and China are good friends and good neighbours. Jiangsu is a Chinese province [and] we are pushing for more cooperation with Cambodia,” Huang Xiqiang, the deputy director-general of the Foreign Affairs Office of Jiangsu Provincial People’s Government, told visiting Cambodian journalists to the southern Chinese province on Monday.

“President Xi Jinping regards [Preah Sihanouk province] as a role model of cooperation between China and Cambodia.”

Preah Sihanouk has seen huge growth in the manufacturing, tourism and gambling sectors, and a local real estate agency director said further investment in manufacturing would “help transform Cambodia from an agricultural to an industrialised nation”.

Bilateral trade between Jiangsu and Preah Sihanouk, which have just signed an agreement to become sister provinces, was valued at $1.2 billion last year. This is equal to one-fifth of China’s total trade with Cambodia and is expected to increase 30 per cent this year, Huang said.

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 Jiangsu province accounts for 10.38 per cent of China’s total economy, with its GDP hitting $1.2 trillion last year. 

 Preah Sihanouk province has increasingly become a hotbed for Chinese investment in the Kingdom, and its geography has proven strategic in pushing Beijing’s Belt and Road Initiative in Southeast Asia.

“We encourage enterprises to invest in Cambodian production, from resources and labour to technology,” Huang said. “In the past, [investment] was more focused on garment manufacturing. In the future, we will cooperate in technology. This is a win-win strategy.”

Huang said the Preah Sihanouk Special Economic Zone has 125 enterprises and has created 21,000 jobs with $500 million in investments. He said the zone plans to create between 80,000 to 100,000 jobs.

Emerging Markets Consulting senior consultant Ngeth Chou said he welcomed an increase in investment in Preah Sihanouk province’s manufacturing, which he said would largely benefit the Kingdom.

He added that investment in the sector would help Cambodians acquire new skills and stable incomes, as opposed to growth in the gaming industry, which has been blamed for causing social problems.

“Casinos do not offer as many economic benefits as the manufacturing sector, because investment in factories could help Cambodia benefit greatly, from the use of local raw materials to [the creation of] a skilled workforce, as well as reduce migration.”
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 However, Chou suggested that for sustainable development, the Cambodian government must also create mechanisms to control the nature of investment, such as insisting on the use of local human resources and raw materials.

Key Real Estate director Sorn Seap said that while the influx of Chinese has raised property prices in Preah Sihanouk, more investment in manufacturing would help create new jobs and technology for the future development of Cambodia.

“It will help transform Cambodia from an agricultural to an industrialised nation, and promote the Kingdom’s image on the international stage,” Seap said.

Preah Sihanouk provincial governor Yun Min, who visited Jiangsu province last week to strengthen city-level relations, could not be reached for comment on Tuesday.

Jiangsu provincial statistics showed that 200,000 of its residents visited Cambodia in 2016.
The increase of tourists led to direct flights between Jiangsu and Cambodia’s international airports, Huang said.

Source - TheNation

 

On Thai island #Phuket, hotel guests check out of plastic waste

For the millions of sun seekers who head to Thailand's resort island of Phuket each year in search of stunning beaches and clear waters, cutting down on waste may not be a top priority.

But the island's hotel association is hoping to change that with a series of initiatives aimed at reducing the use of plastic, tackling the garbage that washes up on its shores, and educating staff, local communities and tourists alike.

"Hotels unchecked are huge consumers and users of single-use plastics," said Anthony Lark, president of the Phuket Hotels Association and managing director of the Trisara resort.

"Every resort in Southeast Asia has a plastic problem. Until we all make a change, it's going to get worse and worse," he told the Thomson Reuters Foundation.

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Established in 2016 and with about 70 members - including all Phuket's five-star hotels - the association has put tackling environmental issues high on its to-do list.

Last year the group surveyed members' plastics use and then began looking at ways to shrink their plastics footprint.

As part of this, three months ago the association's hotels committed to phase out, or put plans in place to stop using plastic water bottles and plastic drinking straws by 2019.

About five years ago, Lark's own resort with about 40 villas used to dump into landfill about 250,000 plastic water bottles annually. It has now switched to reusable glass bottles.

The hotel association also teamed up with the documentary makers of "A Plastic Ocean", and now show an edited version with Thai subtitles for staff training.

Meanwhile hotel employees and local school children take part in regular beach clean-ups.

"The association is involved in good and inclusive community-based action, rather than just hotel general managers getting together for a drink," Lark said.

CREATORS AND VICTIMS

Phuket, like Bali in Indonesia and Boracay in the Philippines, has become a top holiday destination in Southeast Asia - and faces similar challenges.

Of a similar size to Singapore and at the geographical heart of Southeast Asia, Phuket is easily accessible to tourists from China, India, Malaysia and Australia.

With its white sandy beaches and infamous nightlife, Phuket attracts about 10 million visitors each year, media reports say, helping make the Thai tourism industry one of the few bright spots in an otherwise lacklustre economy.

Popular with holiday makers and retirees, Phuket - like many other Southeast Asian resorts - must contend with traffic congestion, poor water management and patchy waste collection services.

Despite these persistent problems, hotels in the region need to follow Phuket's lead and step up action to cut their dependence on plastics, said Susan Ruffo, a managing director at the U.S.-based non-profit group Ocean Conservancy.

Worldwide, between 8 million and 15 million tonnes of plastic are dumped in the ocean every year, killing marine life and entering the human food chain, UN Environment says.

Five Asian countries - China, Indonesia, the Philippines, Vietnam and Thailand - account for up to 60 percent of plastic waste leaking into the seas, an Ocean Conservancy study found.

"As both creators and 'victims' of waste, the hotel industry has a lot to gain by making efforts to control their own waste and helping their guests do the same," Ruffo said.

"We are seeing more and more resorts and chains start to take action, but there is a lot more to be done, particularly in the area of ensuring that hotel waste is properly collected and recycled," she added.

CHANGING MINDS, CUTTING COSTS

Data on how much plastic is used by hotels and the hospitality industry is hard to find. But packaging accounts for up to 40 percent of an establishment's waste stream, according to a 2011 study by The Travel Foundation, a UK-based charity.

Water bottles, shampoo bottles, toothbrushes and even food delivered by room service all tend to use throw-away plastics.

In the past, the hospitality industry has looked at how to use less water and energy, said Von Hernandez, global coordinator at the "Break Free From Plastic" movement in Manila.

Now hotels are turning their attention to single-use plastics amid growing public awareness about damage to oceans.

"A lot of hotels are doing good work around plastics", adopting measures to eliminate or shrink their footprint, said Hernandez.

But hotels in Southeast Asia often have to contend with poor waste management and crumbling infrastructure.

"I've seen resorts in Bali that pay staff to rake the beach every morning to get rid of plastic, but then they either dig a hole, and bury it or burn it on the beach," said Ruffo. "Those are not effective solutions, and can lead to other issues."

Hotels should look at providing reusable water containers and refill stations, giving guests metal or bamboo drinking straws and bamboo toothbrushes, and replacing single-use soap and shampoo containers with refillable dispensers, experts said.

"Over time, this could actually lower their operational costs - it could give them savings," said Hernandez. "It could help change mindsets of people, so that when they go back to their usual lives, they have a little bit of education."

Back in Phuket, the hotel association is exploring ways to cut plastic waste further, and will host its first regional forum on environmental awareness next month.

The hope is that what the group has learned over the last two years can be implemented at other Southeast Asian resorts and across the wider community.

"If the 20,000 staff in our hotels go home and educate mum and dad about recycling or reusing, it's going to make a big difference," said Lark.

Source - TheNation

An onslaught of tourists is stressing out Thailand

Back in early June, a small pilot whale gained global attention after it ingested plastic bags and packaging, and then died in southern Thailand. It wasn’t a good look for the nation’s tourism industry.

A month later, Thailand’s Tourism Minister Weerasak Kowsurat holds up a picture frame containing pieces of an instant-noodle packet recovered from the stomach of the whale. For him, it’s emblematic of the environmental and other stresses of a record tourism boom that could see 40 million foreign arrivals -- equivalent to over half the nation’s population -- in 2019.

"Tourism can create, and at the same time, tourism can disrupt," said Weerasak, 52, in an interview in his office in the Thai capital. "Congestion is no good for anyone, including the hosts and the guests."

A surge in Chinese holidaymakers has stoked the growth in the tourism sector, which now accounts for roughly 20 percent of Southeast Asia’s second-largest economy.

Managing the inflow is proving challenging, underlined by a tragedy last week that put the spotlight on safety standards after more than 40 Chinese tourists died when a boat sank off the coast of Phuket.

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 The disaster hasn’t had a significant impact on Chinese enthusiasm for holidays in Thailand but the government has to be proactive to prevent a wider fallout, said Thongyoo Suphavittayakorn, a spokesperson for the Association of Thai Travel Agents.

Many of the overseas travelers head to Bangkok, beach hot-spots like Phuket or the popular northern city of Chiang Mai, straining local resources.

Asked if Thailand is now coming close to its tourism capacity, Weerasak said: "Oh yeah."

The minister is looking to promote visits to less-traveled spots inside the country to tackle congestion in popular destinations as well as addressing national income disparities. Yet that throws up a new challenge: How to preserve the character of local communities and heritage sites such as the ancient ruins of Ayutthaya that might have to absorb a wave of foreign visitors.

Weerasak said he’s seeking to "encourage domestic and international travelers to be very responsible, not only to the culture but also to the environment."

Consider the case of Maya Bay on Phi Phi Island, which was made famous by the year 2000 movie The Beach starring Leonardo DiCaprio. The bay has been closed down by authorities for four months to give the island time to recover from environmental degradation, such as coral damage from boat anchors and trash on beaches, caused by constant tourist traffic.

"The increased influx of tourism is already having very visible impacts on the Thai seas and coasts," Eike Schoenig, director and chief resident scientist at marine environmentalist group COREsea, said in an email. "Few countries have good track records managing mass tourism."

The Thai tourism minister is planning to install a reservation-only system to control the number of visitors to the bay. Boats will be forced to dock at the back of the bay, so that there will only be a single entry point for tourists.

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 Thailand’s military government is also considering imposing a travel insurance system to prevent tourists arriving without any protection and ending up as a burden on the state if they get into trouble, he said.

Despite the difficulties, tourism is going to remain a critical engine for Thailand, where economic growth is accelerating but lags behind some neighboring countries. Government data shows revenue from foreign tourists is projected at well over $60 billion next year, and that spending remains focused mainly on major cities.

The country is pushing ahead with investment to expand airports as passenger traffic climbs. State-run Airports of Thailand plans to pour billions of dollars into boosting capacity in Bangkok as well as the tourist-heavy spots of Phuket and Chiang Mai.

Countries such as France and Italy that get heavy tourist traffic manage to disperse visitors, said Weerasak.

"That is the pattern we want to see," he said. "The numbers keep increasing. It all depends on how you manage them."

Source - TheJakataPost

 

 

Tokyo looks to entice foreign tourists to spend, enjoy nightlife

Businesses in Tokyo are looking to get foreign visitors spending their time and cash on the city's wide-ranging nightlife options.

Travel agencies are arranging special events for foreign tourists such as Japanese taiko drum performances, while hotels are extending their business hours to allow guests to socialize into the early hours.

But while efforts are being made to boost the after-dark economy, the lack of late-night public transport remains a major obstacle to tourists getting a taste of what Tokyo has to offer -- especially when the only option after 1 a.m. is waiting for the first train four hours later, or taking an expensive taxi to their hotel.

Since last year, travel agency JTB Corp. has joined with "Drum Tao," a world-famous Japanese taiko percussion and dance troupe, to entertain foreign visitors.

Performances of the traditional Japanese drumming were held in September and October 2017. Due to their popularity, the shows are being held from May through November this year, a fourfold increase in the number of performances from the year before.

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 According to the Ministry of Land, Infrastructure, Transport and Tourism, foreign tourists visiting Japan last year spent about 150,000 yen ($1,370) per person. This is well below the 200,000 yen amount required to hit the 8 trillion yen the government wants to be injected into the economy by tourists.

Designating tourism as a key growth area, the Japanese government aims to attract 40 million overseas visitors annually to the country by 2020, and 60 million by 2030.

In January, the Tokyo metropolitan government said it planned to survey foreign tourists on what they enjoy about the city's nightlife, including restaurants, theaters and sporting events, to better cater to their interests while encouraging them to part with their cash.

The central government is joining Tokyo's efforts to increase spending by tourists at night. Despite the rapid increase in tourism, the average amount spent per traveler has declined in recent years.

Read Continue ....

#Japan - Kyoto sets eyes on wealthy foreign tourists

The city of Kyoto, visited by over 50 million tourists a year, is boosting efforts to attract wealthy foreign travelers by offering cultural workshops to satisfy their appetite for a deeper engagement with their destinations.

With visitors already at record-high levels, the ancient Japanese capital is shifting focus from quantity to quality in its tourism promotion, targeting the higher spending associated with high-end tourism, especially by foreigners.

According to the city, Japanese travelers, excluding those who made day trips, in 2016 spent about 47,000 yen ($420) per person, about half the 100,000 yen spent by foreign tourists.

"We would like to revitalize our traditional industries and the local economy" by winning the hearts of wealthy foreign travelers, said a city official.

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As part of such efforts, the city, in partnership with the city of Kanazawa, another major Japanese tourist destination, organized a study tour for American travel agents selling trips to rich customers in November.

In Kyoto, two women were introduced to cultural programs such as putting on kimono at a kimono rental shop, visiting a sake brewery and experiencing a tea ceremony. The city hopes the pair will organize travel plans based on their experiences in Kyoto.

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 "Wealthy tourists have a strong intellectual appetite. They want to experience unique traditional culture in their destinations by directly communicating with local experts," said Takeshi Tanaka, an interpreter-guide authorized by the city. 

 Some Buddhist temples in the city have started offering meditation classes in English for a small number of people and more craft centers are giving workshops in which visitors can produce Japanese folding fans and pottery while talking with artisans. These places have proved popular among wealthy foreign travelers, Tanaka said.

The city also set up an organization with other Japanese localities including Sapporo, Nara and Ishikawa Prefecture in April 2016 to jointly attract wealthy foreign tourists.

"In the past, tourism promotion was done by each region in Japan and lacked an attitude to promote the whole of Japan. We will work together to bring more foreign travelers by combining the attractiveness of each destination," a Kyoto city official said.

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Source - TheJakartaPost

#Bali boasts creativity, culture as economy backbone

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President Joko "Jokowi" Widodo said during a limited evaluation meeting on national strategic projects (PSN) and priority programs in Bali on Wednesday that he wanted to maintain the growth of foreign tourists coming to the famous resort island.

Jokowi described Bali as unique in that its economy is not based on natural resources, but rather the tourism sector and creative industry, which rely on creativity and culture.

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“With culture and creativity, Bali province has presented a positive image for Indonesia to the entire world, which is why foreign tourists know more about Bali than Indonesia,” Jokowi said.

Tourism Minister Arief Yahya called Bali the tourism icon of Indonesia, just like Thailand is the tourism icon of Southeast Asia.

“It’s true what President Jokowi said, Bali is not affected by natural resource commodities such as oil and gas, coal and CPO [Crude Palm Oil]; Bali’s economy is purely driven by tourism and the creative economy,” Arief said.

 

Source - TheJakartaPost

Read also: Environmental concerns take center stage at Bali Arts Festival

IMF approves China's yuan as elite reserve currency

Chinese Yuan

The International Monetary Fund welcomed China's yuan into its elite reserve currency basket Monday, recognizing the ascendance of the Asian power in the global economy.

 The yuan, also known as the renminbi, will join the US dollar, euro, Japanese yen and British pound next year in the basket of currencies the IMF uses as an international reserve asset.

IMF Managing Director Christine Lagarde called the decision "an important milestone in the integration of the Chinese economy into the global financial system."

"It is also a recognition of the progress that the Chinese authorities have made in the past years in reforming China’s monetary and financial systems," she added.

The decision by the IMF executive board solidifies China’s ambition to see the government-controlled yuan achieve global status as one of the world’s top currencies alongside the United States, Europe and Japan.

China, the world’s second-largest economy, asked last year for the yuan to be added to the Fund’s Special Drawing Rights basket.

But, while already meeting the SDR criteria for being widely used, as recently as August the Fund considered the currency too tightly controlled to qualify.

However, IMF staff experts in early November said that Beijing had taken the steps necessary for the yuan to be called "freely usable", opening the way for Monday’s decision.

 Lagarde said the yuan’s inclusion in the basket was expected to help China open up further to the world economy.

"The continuation and deepening of these efforts will bring about a more robust international monetary and financial system, which in turn will support the growth and stability of China and the global economy," she said.

The unexpected devaluation of the yuan last August received good marks from the IMF as it expanded the currency’s movements based on market forces.

In addition, Beijing announced last week that an initial group of foreign central banks has been allowed to enter the Chinese currency market, which likely will promote further internationalization of the yuan in global trading.

IMF members can use the Special Drawing Rights basket to obtain currencies to meet balance-of-payments needs. The Fund also issues its crisis loans -- crucial to struggling economies like Greece -- valued in SDRs.

The yuan’s entry into the basket takes effect on October 1, 2016.

- Chinese challenges -

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China’s central bank welcomed the decision.

"The joining of RMB in the SDR basket also means the international community has greater expectations on China to play an active role in the world economic and financial arena," it said in a statement carried by the official Xinhua news agency.

It puts the Bank of China under pressure to provide more transparency in line with its peers, such as the Federal Reserve and the European Central Bank.

"If part of their policy is to gradually liberalize the capital account and the financial sector, this is setting in motion a process of opening up that cannot be reversed," Angel Udibe, a financial markets expert at the Peterson Institute for International Economics, told AFP.

"It really make the case at home that they need to continue with the process of liberalization."

The composition and weightings of the SDRs basket are reviewed every five years. The last time the currencies in the basket were changed was in 2000, when the euro replaced the German deutsche mark and the French franc.

The value of the SDR is based on a weighted average of the currencies in the basket. With the inclusion of the yuan, the dollar’s weight in the new basket will be little changed from its current 41.7 percent. The euro will be 30.9 percent, the yuan 10.9 percent, the yen 8.3 percent, and the pound 8.1 percent.

The inclusion of the yuan came with the support of the United States, the IMF’s largest shareholder.

Until recently Washington accused China of keeping the yuan artificially low to gain a trade advantage. But in October the US Treasury Department softened its tone, saying that after Beijing’s moves to loosen controls, the yuan "remains below its appropriate medium-term valuation."

Still, the IMF decision risks angering some lawmakers in the US Congress amid fierce maneuvering for the 2016 presidential election.

"With this decision, the IMF is choosing to reward China’s currency manipulation instead of combating it," said Senator Chuck Schumer, a New York Democrat and longtime China critic.

"This decision is an affront to the millions of US workers who have lost their jobs at the hands of China’s rapacious trading practices, and sends a terrible signal to the rest of the world that currency manipulation is acceptable behavior in the eyes of the IMF."

Source: The Nation

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