No hope for global peace as ‘merchants of death’, mostly American, rake in billions
THE Stockholm International Peace Research Institute (Sipri), the world’s leading think-tank tracking global military expenditure, on Dec. 2 released new data on revenues earned by the 100 largest companies dealing in weaponry and military services. What’s that got to do with Travel & Tourism? Everything. The shocking statistics and trends unveiled in the report […]
Read MoreAs the global Arms Bazaar booms, Travel & Tourism pays the price
ON APRIL 23, 2024, the Stockholm International Peace Research Institute (SIPRI) published its annual World Military Expenditure report for 2023. It showed that the Arms Bazaar raked in $2,443 billion, the highest level ever. The figure was up 6.8% over 2022, up for the 9th consecutive year and the steepest year-on-year rise since 2009. […]
Read MoreShopping sprees by well-to-do to spur 70bn baht cash flow
By Thai Newsroom Reporters AN ESTIMATED 70 BILLION BAHT worth of goods and services is anticipated to circulate in all parts of the country from early next month until the middle of February under the Pheu Thai-led government’s “easy e-receipt” campaign for the well-to-do. Deputy Finance Minister Julapun Amornvivat confirmed today (Dec.20) the “easy […]
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