PETALING JAYA: The Penang retail property market, which has been severely hit by the Covid-19 pandemic, may only recover fully next year. However, the state’s retail sector is already seeing an improvement in shopper traffic since the lifting of the movement control order (MCO), which was implemented from March 18 to May 3, said CBRE […]
Read MoreTHAILAND plans cash handouts worth 51 billion baht (S$2.23 billion) to boost domestic consumption and support an economy struggling from the effects of the coronavirus pandemic, a government official said on Wednesday. Southeast Asia’s second-largest economy suffered the biggest contraction in more than two decades in the second quarter as the outbreak ravaged tourism and […]
Read MoreDomestic car sales shrank for a 15th straight month in August, falling 12.1% from a year earlier to 68,883 vehicles as the coronavirus outbreak crushed demand, the Federation of Thai Industries said on Thursday. However, sales increased 16.1% from July, helped by easing virus restrictions, a motor sales event and launches of new car models, […]
Read MoreFree trade agreements (FTAs) that Vietnam has signed with its partners have been an important factor attracting foreign investments to the country. In the first eight months of 2020, Vietnam attracted 19.5 billion USD in foreign direct investment (FDI), down 13.7 percent year-on-year. There were 1,797 new FDI projects licensed, with registered capital totalling 9.73 […]
Read MoreMANILA, Philippines — Wealth was wiped out from most of the Philippines’ richest people this year as the pandemic left some businesses struggling while others benefitted from a change in consumer behavior brought by the health crisis. In the latest Forbes ranking of 50 wealthiest Filipinos, the Sy siblings controlling the country’s largest mall chain, […]
Read MoreThai aviation faces a real threat in the fourth quarter when operating costs surge again after the government’s aid measures end, while some carriers may not get the soft loans the prime minister has promised. After a meeting between seven airlines and Prime Minister Prayut Chan-o-cha on Aug 28, there remains no conclusion on how […]
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