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Insights
16-May-19 The Bangko Sentral ng Pilipinas reported a 6.6% increase in remittances sent by overseas Filipino workers in March 2019 over 2018. The growth pushed actual dollar inflow to the country to USD2.5 bn during that month alone. [image: Business Mirror]
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Insights
28-Apr-19 Travel marketplace Wego ranks Egypt first for MENA travellers, followed by India, Saudi Arabia, Turkey and USA. "55 percent of travellers in 2019 booked a 12+ day flight compared to 39 percent in 2018," said Mamoun Hmedan, Director, Wego. [image: Alamy / Khaleej Times]
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Insights
25-Mar-19 China plans to accelerate commercialisation of 5G in a "final sprint", with 60% of the USD256 bn 2019 tech budget allocated to telecommunications. Industrial Internet, smart transport, intelligent manufacturing, smart medical care and digital agriculture are among the priorities. [image: South China Morning Post]
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Insights
13-Mar-19 Abu Dhabi has allocated AED0.5 bn (USD136 mn) for tourism marketing over three years. The funding will highlight attractions such as Louvre Abu Dhabi and Warner Bros World, and the Guggenheim Abu Dhabi project is reportedly also 'still active'. [image: Lourve Abu Dhabi / Handout via Thomson Reuters Zawya]
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Insights
01-Mar-19 Weak demand in China and the Sino-US trade war took a heavy toll across Asia in Feb-19. China's manufacturing contracted for the third month, Japan's factory gauge fell at the sharpest pace in 2-1/2 years and South Korea's exports plummeted. [image: Norihiko Shirouzu / Reuters]
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