All 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 MoreThe persistent pandemic crisis at home and abroad is a decisive factor in whether the long-awaited land and building tax, which is the Fiscal Policy Office’s (FPO) brainchild of 25 years, will produce the desired impact or not. In June, the government decided to reduce eligible taxpayers’ burden of the land and building tax by […]
Read MoreMyanmar has seen increased foreign and local investment in September 2020, according to investment data for August and September from Myanmar Investment Commission. In August, the commission approved $40.992 million foreign direct investments while the approved investment in September reached $507.159 million. Looking at the investment by sector, the industrial sector received eight foreign investments […]
Read MoreSINGAPORE’s bank lending in September dipped for the seventh straight session on weaker business loans, preliminary data from the Monetary Authority of Singapore showed on Friday. Loans through the domestic banking unit – which captures lending in all currencies, but reflects mainly Singapore-dollar lending – stood at S$677.46 billion in September, compared with S$677.86 billion […]
Read MoreAfter 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 […]
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