After heavy discounts to clear inventory and a sharp decrease in new supply, the Bangkok condo market will likely be in a correction until next year and take a few years to return to normal. Aliwassa Pathnadabutr, managing director of property consultant CBRE Thailand, said many developers have offered aggressive discounts for existing completed projects […]
Read MoreMANILA, Philippines — Foreign fund managers continued to pull out their speculative funds or hot money from the Philippines for the seventh straight month in September amid the uncertainties brought about by the pandemic, the Bangko Sentral ng Pilipinas (BSP) said yesterday. According to BSP data, the net outflow of foreign portfolio investments surged by […]
Read MorePETALING JAYA: Flaws at the planning approval process and a failure to consider market conditions have led to over-building, and thus to the overhang situation in the country. Although land is a state matter and town planning is a powerful tool, state local authorities have failed to use it and developers “take advantage of” these […]
Read MoreTo own a super luxury car, one has to pay tens of billions of dong in taxes and fees, which are 3-4 times higher than imported car prices. Giving up the game Regal and Rolls-Royce Motor Cars Hanoi have announced the termination of their cooperation with Rolls-Royce Motor Cars (the UK). In 2013, Regal competed […]
Read MoreAll inbound tourists have to complete quarantine at alternative state quarantine (ASQ) facilities in Bangkok in the first stage of reopening, with direct flights to provinces still postponed, says the Tourism Authority of Thailand (TAT). “As we are now in the pilot phase, Bangkok is the best equipped in terms of public health system and […]
Read MoreThailand recorded a current account surplus of $3.0 billion in August after a surplus of $1.79 billion in the previous month, the Bank of Thailand (BoT) said on Wednesday. Exports, a key driver of growth, declined 8.2% in August from a year earlier after July’s 11.9% drop. The economy in August performed better than July […]
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