Economy Archives - Info Tourism

Labuan RM78 Million Waterfront Project to Boost Economy and Tourism

infotourism2 months ago2 months ago03 mins

LABUAN, March 15 (Bernama)– Labuan is set for a transformation with the initiation of the RM78 million Waterfront Development Project (Phase 1) that will be aimed at the island’s economy and tourism sectors. The development, to be hosted at Victoria Harbour Beach, where Labuan used to have a wet market, is expected to create new…

APAC tourism recovery to continue, albeit slowly: Fitch

infotourism10 months ago10 months ago05 mins

KUALA LUMPUR: According to Fitch, the rebound in tourism in Asia Pacific (APAC) is anticipated to continue in 2024, but more slowly because of fewer favourable base effects. The company predicted that the region’s visiting volume will increase from 65% in 2023 to 92% of the 2019 level. This year, foreign tourism receipts in nominal…