[SINGAPORE] Singapore has a property glut that could take years to clear, threatening to kill a nascent price recovery amid an already uncertain economic outlook. The city-state had an overhang of 31,948 units as of Sept 30, according to the Urban Redevelopment Authority. Sales have averaged about 2,500 homes per quarter this year, and at […]
Read MoreKUALA LUMPUR: Slowing income growth among lower-income households and younger workers has contributed to perceptions of being “left behind”, according to the World Bank’s Malaysia Economic Monitor. The 21st edition of the report, which was launched here on Monday, pointed out although median incomes continue to outpace inflation, income growth rates for low-income Malaysians slowed […]
Read MoreThe new phase of the European Union’s SMART Textile and Garments project will bring together brands, trade unions and business associations to boost social and environmental sustainability in Myanmar’s garment industry. The project, funded by the EU, was officially launched in Myanmar last Friday. The SMART Textile and Garments project will work with more than […]
Read MoreThe Tourism Authority of Thailand (TAT) plans to tap second-tier provinces in Vietnam to bring in more first-time visitors. These provinces, namely Hai Phong, Nha Trang, Da Lat and Can Tho, offer direct flights with affordable tickets to Thailand, said Napasorn Kakai, director of the TAT’s Ho Chi Minh City office. She said the TAT […]
Read MoreMANILA, Philippines — Executive checkups, dental procedures are some of the medical treatments the Philippines has to offer that could attract more health and wellness tourists into the country, an official of the Department of Tourism (DOT) said. “In the case of medical tourism, we’ve identified the priority treatments where we feel the Philippines can […]
Read MoreKUALA LUMPUR: The World Bank believes the Malaysian government can do more to raise its revenue, forecasted to be at 15.2% of GDP in 2020, without affecting low-income households. The key areas include making personal income taxes more progressive and broadening consumption taxes, it said in its 21st edition of the World Bank’s Malaysia Economic […]
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