China lifts bans on group tours to US, Japan and other key markets
Prior to the pandemic, mainland Chinese tourists spent more than any other country's tourists when abroad, clocking up a combined US$255 billion in 2019 with group tours estimated to account for roughly 60% of that.
Indonesian president warns cabinet against overspending
Speaking during a routine cabinet meeting, Jokowi highlighted outsized spending by the country's security agencies including the defence ministry which has been modernising Indonesia's ageing military equipment.
UK govt says no spending cuts, no reverse on tax cuts
British financial markets came under strain when Finance Minister Kwasi Kwarteng announced US$50 billion of tax cuts and unprecedented support on energy bills without saying how they would be paid for.
Domestic tourism spending for 2021 drops 54.5% to RM18.4 billion
The number of domestic visitor arrivals in 2021 fell 49.9% to 66 million compared to 131.7 million the year before.
Pandemic highlights need for personal financial planning
Survey shows Malaysians' financial habits are unchanged despite the pandemic which has underscored the need for financial literacy.
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