Southeast Asia’s tourism and travel sector after COVID-19: a way forward

Emerging Markets Tourism And Travel In Southeast Asia And Regional Or Local

The coronavirus started in China before spreading to other countries. Southeast Asia’s travel and tourism sector felt the impact of the virus right away due to the decline in arrivals from China. The subsequent spread of the virus resulted in lockdowns and other social restriction policies which made the damage to the sector even worse. With tourism and travel activities coming to an almost complete halt, ASEAN governments are now slowly looking for a way out. Powerhouse Tourism and travel are undeniably important to the Southeast Asian region. The sector…

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How the coronavirus is impacting Egypt’s economic outlook

Egypt economic impact

Egypt has been identified as the origin of several coronavirus infections in other countries long before it confirmed its own cases. The country appears to have slowed down its initial response due to political necessity and in order to support the tourism sector, as well as its inadequate healthcare infrastructure. Regardless, the impact of the crisis on Egypt’s economy is inevitable. Political Instability So far, Egypt has imposed a nationwide overnight curfew and ban on public gatherings during the Muslim holy month of Ramadan. In this period, Muslims traditionally come…

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How Covid-19 helped decrease the unbanked population in Brazil

The Brazilian government announced a financial support scheme aimed at self-employed and informal workers that had their incomes affected by the coronavirus (Covid-19) crisis. Brazil has a large population of informal workers: those who work cash-in-hand jobs, with no formal work contract. They are mostly unskilled or semi-skilled workers eg. street vendors, service providers like cleaning and home repairs. The financial support will come from state owned bank Caixa Economica Federal. Individuals under the scheme criteria have to open an account with Caixa to receive its benefits. The process is…

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COVID-19 crisis showing shortfalls China’s Belt and Road

Investments flowing out of China’s $1.1. trillion USD ‘Belt and Road Initiative’ (BRI) have reached emerging markets all over the world. Especially Southeast Asia has become an important destination for BRI-related investments. The ongoing COVID-19 pandemic has delayed many BRI projects while showing serious shortfalls. The severe crisis, however, is not likely to undermine the infrastructure scheme nor China’s ambitions in Southeast Asia. Chinese materials and workers The COVID-19 crisis is having a deep economic impact, not the least on China’s BRI-partners. China has so far signed partnerships with 137…

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