The government plans to revise key laws and regulations covering immigration, foreign business and other sectors next year in order to draw more foreign direct investment. The revisions will also cover foreign workers, excise tax, city planning, biodiversity, the movie and video business, and energy sector including infrastructure and alternative energy. The government aims to […]
Read MoreBanks are preparing cash reserves to accommodate withdrawals during the New Year holidays. Kasikornbank is planning to allocate Bt36.8 billion for its KBank branches and ATMs from December 28 to January 1. Of that, Bt10.5 billion will be distributed among KBank’s 860 branches nationwide, with Bangkok getting Bt4.5 billion. Another Bt26.3 billion will be loaded […]
Read MoreMerger and acquisition (M&A) activity looked strong at the beginning of 2020 with numerous transactions, including the acquisition of the Ninth Towers office building and Unilever House office building projects (US$186 million and $50.4 million, respectively) by CPN Retail Growth Leasehold REIT. In the first quarter of 2020, according to international consulting firm KPMG, the […]
Read MoreKUALA LUMPUR: Almost seven in 10 Malaysian consumers (69%) are buying more from local brands to help these businesses bounce back from the Covid-19 pandemic, according to the UOB ASEAN Consumer Sentiment Study. The survey has also found that 60% of Malaysian consumers surveyed have spent more on businesses that support lives and livelihoods affected […]
Read MoreThe government has decided to extend the stamp duty tax exemption deadline for property worth less than $70,000 from January to December 2021. The official announcement, released this week, is intended to boost the economy by encouraging more property transactions. In its announcement, the government also urged developers to provide more discounts to buyers. This […]
Read MoreYEARENDER MANILA, Philippines — Before the COVID-19 pandemic, the Philippine economy was already considered a rising star – one of the fastest-growing markets in Asia, with strong growth prospects, a vibrant consumption culture, and a young, skilled workforce. Now, the health crisis threatens to undo years of gains in improving employment, reducing poverty and developing […]
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Thailand
