Bangkok’s condominium market at the start of 2020 was entering a period of severe change, driven by a fall in buyer demand and by the large amount of unsold inventory that had become a risk for developers. Covid-19 has exacerbated these trends, placing developers under further strain as they struggle with these large unsold inventories […]
Read MoreAs free trade agreements (FTAs), including the EU–Vietnam Free Trade Agreement (EVFTA) that is about to be ratified by the Vietnam National Assembly, tend to be asymmetric in nature, there will be both winners and losers once the EVFTA comes into force. According to Dr John Walsh, International Business Program manager at RMIT University Vietnam, […]
Read MoreCONSUMER loans in Singapore continued to dive in April, with credit card loans clocking their steepest fall as the Republic’s “circuit breaker” took effect on April 7, keeping people at home and most retail outlets shut. Credit card loans fell 9 per cent to S$9.65 billion from March – the biggest decline on record. This […]
Read MoreThe Excise Department has turned down car makers’ proposed 50% tax cut, fearing prices of all vehicles in the market will decline further if the reduction is implemented, the department’s chief says. Lowering taxes to boost domestic car sales is inappropriate because there could be a knock-on effect on all cars, said Patchara Anuntasilpa, director-general […]
Read MoreJAKARTA: Indonesia has imposed tariffs on imports of some textile products for the period until November 2022, according to a Finance Ministry regulation, in a bid to protect local producers from a surge of imports of fabrics, curtains and yarn. “Safeguard duties” of up to 11,426 rupiah (25 baht) per metre have been imposed for […]
Read MoreMANILA, Philippines — Inflation is seen to slightly accelerate in May from previous month, but would likely remain subdued, giving the central bank space to boost money supply amid the economy’s battle against the pandemic. In a statement on Friday, the Bangko Sentral ng Pilipinas (BSP) said inflation is seen to settle “within the 1.9-2.7% […]
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Thailand
