Tourism

Tourism

Tourism is a section of Travel on investvine.com
Indonesia’s Batam Hoping For $60 Billion In Investment

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Indonesia wants to re-position Batam, an island archipelago just 30 kilometers south of Singapore, as an alternative manufacturing and shipping hub that would compete...
Mass Arrivals Cause “headache” For Thai Tourism Minister

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Thailand received a record of 38.3 million tourists in 2018, and 2019 numbers are expected to be even higher. According to tourism minister Weerasak Kowsurat,...
Formula 1 Readies To Add Philippines To Race Circus

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The Philippines is set to become the fourth Southeast Asian country to stage Formula 1 races after Malaysia, Singapore and Vietnam. British newspaper Independent...
Asean Countries Welcomed 129 Million Tourists Last Year, Up 7.6%

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Close to 129 million tourists visited the ten member countries of the Association of Southeast Asian Nations (ASEAN) in 2018, which translates into a...
Bangkok Smog To Cause Economic Damage Of Over $200 Million

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The current severe air pollution crisis in Thailand’s capital Bangkok is expected to cost the country up to 6.6 billion baht ($207.8 million) in...
Laos expects more private investment this year

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The Communist Lao government expects domestic and foreign private investment to climb to 23,086 billion kip ($2.7 billion) in 2019 from around $2.36 billion...
Bamboo Airways finally takes to the skies

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Vietnam’s new private airline, Bamboo Airways, will commence commercial flights on January 16 after repeated delays, the company said in a statement to news...
Vietnam tourism arrivals surge 20%, hit new record

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Vietnam closed 2018 almost spot on its target of tourist arrivals, counting 15,497,791 international visitors which represented an increase of 19.9 per cent over...
Cambodia becomes gambling heaven, adds 52 new casino licenses in 2018

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Cambodia granted 52 licenses for new casinos in 2018; pushing the number of gambling facilities up by 53 per cent over the previous year,...
Vietnam ride-hailing service expands to Myanmar

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Vietnam’s first homegrown ride-hailing service, FastGo, has kicked off operations in Myanmar as part of its Southeast Asia expansion plans. The firm partnered with...
Vietnam overtook Singapore in IPO volume this year

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Vietnam in 2018 topped Southeast Asia’s top grossing market for initial public offerings (IPOs) with total proceeds of $2.6 billion. Singapore, who lost its crown...
Vietnam records highest economic growth in a decade

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Vietnam’s economy grew by 7.08 per cent in 2018, the fastest rate in the past eleven years and beating the target of 6.7 per...
Cambodia’s economic growth to reach 7.3% this year

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Cambodia’s economy is expected to grow by 7.3 per cent this year, spurred by the robust performance of garment exports, tourism and construction, deputy...
Laos misses out on its five-million tourists target this year

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Laos will close its “Visit Laos Year 2018” promotion well short of the five million tourist arrivals target, the Vientiane Times quoted officials. According to...
Three Southeast Asian cities among most visited in 2018

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Bangkok, Singapore and Kuala Lumpur made it once again into the top-ten list of most visited cities 2018 issued by business intelligence firm Euromonitor...
Cambodia seeks to double tourism arrivals by 2025

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Cambodian has ambitious plans to increase the number of tourism arrivals from six million in 2018 to 12 million by 2025 as it builds...
AirAsia enters budget carrier market in Vietnam

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AirAsia Group, the largest low-cost carrier in Southeast Asia, said December 6 that it has agreed with a partner in Vietnam to launch a...
Foreign direct investment into Malaysia increased 350% in past three quarters

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Malaysia’s foreign direct investments (FDI) volume increased to 49 billion ringgit ($11.72 billion) for the first nine months of this year compared with the...