The residential market in northern provinces will slump further this year as the coronavirus hits key economic drivers and banks impose stricter rules on home loans, according to local developers. Prat Wongwan, president of the Chiang Mai Real Estate Association, said the economic slowdown and lower confidence among homebuyers will lead to a continued drop […]
Read MoreHotel operators are underwhelmed by an aid measure to waive the 40-baht-per-room operation fee for a year, calling the remedy trivial in the face of financial devastation caused by the pandemic and requesting a revival of the 5,000-baht domestic tourism rebate. The cabinet green-lighted the 40-baht fee waiver yesterday after a proposal by the Interior […]
Read MoreBUSINESS sentiment among local firms remains downbeat for the third quarter of this year, but has improved from the previous quarter’s record low amid the economy’s gradual reopening. Particularly, the manufacturing and financial services sectors anticipate a slightly better outlook ahead, according to the Singapore Commercial Credit Bureau’s (SCCB) latest quarterly survey released on Tuesday. “With […]
Read MoreECONOMIC growth in the Asean region could rebound to an average 8 per cent in 2021 on the back of recovery in Chinese import demand and global trade, after falling into recession in the first half of 2020, a report suggested on Monday. The report, written by Oxford Economics and commissioned by the Institute of Chartered Accountants in England […]
Read MoreWill consumer loans remain a money-spinner for banks post-COVID-19? This was a question recently posed by market observers after witnessing the pandemic’s big economic impact on individuals and households, dragging down demand for personal loans. This has had an impact on banks’ profits. But experts said consumer finance would remain lucrative for lenders though they […]
Read MoreMANILA, Philippines — The peso managed to stay below the 50 to $1 level despite shedding 10 centavos as the Bangko Sentral ng Pilipinas (BSP) continues to intervene in the foreign exchange market to smoothen the volatility of the local currency. The peso closed at 49.90 to $1 yesterday, weaker than last Friday’s 49.80 to […]
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Thailand
