S-E Asia is open for business, but tourism recovery seen elusive for now
Despite several countries' relaxation of border controls, economists say pickup in travel likely measured due to restrictions, with spending moderate
Add BT as a preferred source
Singapore
SOUTH-EAST ASIA is back in business again, going by several countries' apparent zeal to declare a relaxation of border controls, but economists told The Business Times that this may not necessarily translate to a swift recovery for the region just yet.
Despite the pent-up demand for travel, the pickup is likely to be measured and "subject to diminished multipliers", said Vishnu Varathan, head of economics and strategy for Asia and Oceania treasury at Mizuho Bank.
TRENDING NOW
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
OCBC consumer banking chief Sunny Quek aims to double wealth business by 2029
Thai and Vietnamese farmers may stop planting rice because of the Iran war. Here’s why
Hengli’s ex-Singapore unit dismisses staff after US sanctions, at risk of being wound down: sources
