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Philippines’ tourism sector posts revenue loss of over 8 billion USD

The Philippines lost around 400 billion pesos (8.3 billion USD) in tourism revenue in 2020 due to the COVID-19 pandemic, according to a tourism official.
Philippines’ tourism sector posts revenue loss of over 8 billion USD ảnh 1Taking samples for COVID-19 testing (Photo: VNA)
Hanoi (VNA) – The Philippines lost around 400 billion pesos (8.3billion USD) in tourism revenue in 2020 due to the COVID-19 pandemic, accordingto a tourism official.

Tourism Undersecretary officer-in-charge Roberto Alabadotold a congressional hearing that only 1.3 million foreign tourists visited thePhilippines in 2020, or more than 80 percent lower than the 8.3 millionvisitors to the Southeast Asian country in 2019.

The abrupt fall in tourist arrivals affected around 5.7million jobs in the tourism sector, he added.

Alabado stressed the need to revive the tourism industrybecause of its contribution to the economy.

The tourism industry contributed 12.7 percent to thePhilippine economy in 2019, the Philippines Statistics Authority (PSA) said.

The coronavirus epidemic forced the Philippines and manycountries to impose lockdown measures to curb its spread by closing borders.Tourism activities ground to a halt affecting various enterprises anddisplacing workers.

The Philippine government is slowly easing domestic travelrestrictions as it began reopening destinations for domestic travel with healthand safety protocols in place./.
VNA

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A workshop on Vietnam’s development in economy, politics, society, environment, and agriculture over the past year is held on August 8 at the Crawford School of Public Policy under the Australian National University (ANU). (Photo: VNA)

🔯 Australian workshop discusses Vietnam’s transformation, development

Vietnam plays an important role in Southeast Asia’s economic growth and is a key partner of her country in realising the shared vision of a peaceful, stable, and prosperous region, said Robyn Mudie, First Assistant Secretary of Office of Southeast Asia (OSA) – Southeast Asia Regional and Mainland Division at Australia’s Department of Foreign Affairs and Trade (DFAT).
Thailand to escalate measures to counter fake news. (Photo: nationthailand.com)

Thailand tightens control over fake news

The DES Ministry will seek cooperation from social media platforms to prevent the spread of fake news and monitor accounts related to such activities, he told reporters after chairing a meeting of the newly established Anti-Fake News Centre (AFNC).
MyFintech Week 2025 takes place in Malaysia from August 4 - 7, gathering nearly 1,000 industry leaders, regulators and innovators to explore the future of finance and technology. (Photo: antaranews.com)

🥀 Banks, fintech players strengthen presence in ASEAN

Financial institutions and financial technology (fintech) players are intensifying their focus on expanding across the Association of Southeast Asian Nations (ASEAN), adopting tailored strategies to strengthen their presence in the region’s digital financial services landscape.
Delegates cut the ribbon to inaugurate the ASEAN Hall in Seoul (Photo: VNA)

ASEAN Hall inaugurated in Seoul

Featuring a permanent exhibition area, the ASEAN Hall will function both as a cultural showcase and as a dynamic venue for ASEAN-related events and programmes. Its inauguration on ASEAN Day added symbolic weight, marking a fresh milestone in ASEAN–RoK relations.
Rice displayed for sale at a supermarket in Bangkok, Thailand. (Photo: AFP/VNA)

Thailand promotes rice exports to key markets

Thailand’s Ministry of Commerce and rice exporters are devising strategic plans to boost rice exports amid global market fluctuations, focusing on key markets and adjusting output.
Thai Finance Minister Pichai Chunhavajira (//www.nationthailand.com/)

🐼 Thailand unveils 6-point plan to boost innovation among businesses

Finance Minister Pichai Chunhavajira has outlined a six-point strategy to promote innovation, support small and medium-sized enterprises (SMEs), and push for Thailand's removal from the US Trade Representative (USTR)’s special 301 Watch List regarding intellectual property rights protection among trading partners.
Vietnamese Ambassador to Israel Ly Duc Trung speaks at the event celebrating ASEAN's 58th founding anniversary. (Photo: VNA)

ASEAN’s founding anniversary marked in Israel

Vietnamese Ambassador to Israel Ly Duc Trung emphasised ASEAN’s central role in regional mechanisms such as the ASEAN Regional Forum (ARF) and the East Asia Summit (EAS), highlighting its significant contribution to promoting peace, stability, and prosperity in Southeast Asia.
Thai prosecutors indict 23 over deadly building collapse

𒁏 Thai prosecutors indict 23 over deadly building collapse

The 30-storey tower crumbled seconds after a 7.7-magnitude earthquake hit neighbouring Myanmar on March 28. The partially built high-rise, meant to house the State Audit Office (SAO), was the only building in Thailand to collapse, killing 89 people on the site, mostly construction workers.
Indonesia seeks to prevent 70% of waste from entering sea by 2029

💟 Indonesia seeks to prevent 70% of waste from entering sea by 2029

Indonesia’s waste generation is projected to exceed 50 million tonnes in 2025. Of the total, more than 20 million tonnes could potentially enter the ocean through rivers, coastal areas, small islands, ports, and marine activities, and thereby, pose a risk to coastal ecosystems and marine biota.
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