10974
Where Are the Tourists?
World Economy

Where Are the Tourists?

Singapore reported its first decline in visitor arrivals since the global financial crisis, as a new Chinese law curbed tourists from the mainland while political turmoil in Thailand and aviation disasters damped travel, Bloomberg reported. Visitors to the tropical island nation fell 3.1% to 15.1m in 2014, the first drop since 2009, the Singapore Tourism Board said. Tourism receipts totaled S$23.5b ($17b), unchanged from the previous year. Weakening tourism adds to risks for Singapore, which unexpectedly eased monetary policy last month as growth slowed amid a faltering global economy.

Short URL : http://goo.gl/fLlggn

You can also read ...

Business confidence fell to its lowest level since August 2013 and around 7% of companies expected a contraction.
According to data from the International Monetary Fund in...
China Warned of Ballooning SOEs
Former chief of the World Bank Robert Zoellick cautioned China...
Shrinking unemployment in the US, Japan and the eurozone finally forces companies  to lift wages to retain and attract staff.
Workers in the world's richest countries are getting their...
New Zealand Q2 GDP Growth Picking Up
New Zealand’s economic growth is expected to have accelerated...
Saudi Sovereign Fund Secures $11 Billion Loan
Saudi Arabia's sovereign wealth fund said Monday it had...
Lira Eases Against Dollar
Turkey’s lira weakened against the dollar on Monday as...
By 2025 more than half of all current workplace tasks  will be performed by machines.
Robots will handle 52% of current work tasks by 2025, almost...
UK Economy Will Shrink Without Brexit Deal
Britain’s economy will shrink if the country leaves the...

Trending

Googleplus