PETALING JAYA: A property research head and an economist continue to view the vacancy tax proposed by the Housing and Local Government Ministry with wariness. Economist Carmelo Ferlito said it is only “sound and wise” for developers to do market and financial feasibility studies before going into a project. “A feasibility study, or a business […]
Read MoreMANILA, Philippines — British banking giant HSBC warns of a possible double-dip consumer recession in the Philippines after Metro Manila and nearby provinces reverted to a stricter modified enhanced community quarantine (MECQ) as coronavirus disease 2019 or COVID-19 cases soared in August. In its latest ASEAN perspective, HSBC chief economist Joseph Incalcaterra said prospects for […]
Read MoreThailand’s current account surplus was $1.79 billion in July after a deficit of $247 million in the previous month, the central bank said on Monday. Exports declined 11.9% in July from a year earlier after tumbling 24.6% in June. Imports slumped 25.4% in July from a year earlier, resulting in a trade surplus of $4.11 […]
Read MoreThe ongoing global health crisis has left the Vietnamese coffee export industry in the lurch due to continued falls in price. According to the Ministry of Agriculture and Rural Development’s Department for Agricultural Products Processing and Market Development (DAPP), coffee exports in July witnessed an on-year decrease in both price (0.1 per cent) and volume […]
Read MoreCambodia’s rice exports rose 31.05 percent, reaching 448,203 tonnes in the first eight months of the year, according to the National Phytosanitary database of the Ministry of Agriculture, Forestry and Fisheries. The report said that Cambodia’s rice exports was 448,203 tonnes thus far this year, compared with 342,045 tonnes during the same period in 2019. […]
Read MorePort fees in Vietnam are by far lower than regional countries, which causes the country to lose $1 billion a year from revenue sources. Pham Quoc Long, deputy chair of the Vietnam Ship Agents and Brokers Association (Visaba), said on Dien Dan Doanh Nghiep that the loading and unloading fees are different in the northern, […]
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