LEASING volume for multiple-user factory spaces in Singapore dropped 34.4 per cent on the year to 1,577 transactions in July and August, amounting to S$5.7 million, Knight Frank said on Tuesday. This comes as strong challenges faced during the Singapore “circuit breaker” period and economic uncertainties continue to subdue substantial movements in the leasing market, […]
Read MoreThe Bank of Thailand is asking financial institutions to monitor borrowers’ debt servicing ability as the second-phase debt relief measure is set to expire this month, says GH Bank president. Vulnerable groups, deemed as borrowers that received temporary suspension of debt repayment, will undergo an examination of financial assessment by banks, said Chatchai Sirilai, president […]
Read MoreThe Law and Human Rights Ministry is developing a web-based application called PRISMA to assess companies’ operational risks related to human rights abuses, from land affairs to deforestation and forced eviction to labor rights. PRISMA will be a voluntary self-assessment that covers 11 indicators, namely a company’s profile, human rights policy, grievance mechanism, supply chains, […]
Read MoreCambodia and South Korea will start the third round of their negotiations on free trade agreement (FTA) this week to outline details of chapters to boost trade, according to the Ministry of Commerce. The three-day virtual meeting will be held on Oct. 6, as the two countries aim to finalise the draft pact before the […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) may maintain the benchmark interest rate at a record low of 2.25 percent until late next year to allow the economy to recover from the impact of the COVID-19 pandemic, according to Fitch Solutions Country Risk & Industry Research. In its latest research note titled “Philippine […]
Read MoreThe Eastern Economic Corridor (EEC) Policy Committee on Monday approved feasibility studies on three new development projects worth a combined 1.18 trillion baht, aiming to create connectivity between the government’s flagship EEC and regional industry. The three new projects are a trio of dry ports worth a combined 24 billion baht in Khon Kaen, Nakhon […]
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