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Thailand: Registrations see further fall in April

New business registrations fell again in April, with the figures down 33% year-on-year from the same month last year after a 12% drop in March. The Business Development Department reported yesterday business registrations totalled 3,996 last month, down from 5,944 in March. On a monthly basis, registrations fell 34% from 6,066 in March. The amount […]

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Cambodia: New MoU will make loans easier to decide and repay

Agriculture Rural Development Bank (ARDB) together with Wing (Cambodia) Ltd Specialized Bank and Cambodia Investors Corp (CIC) inked a memorandum of understanding (MoU) to facilitate loan repayments, encourage the use of digital banking and to provide information to borrowers to guarantee the credit deal. The MoU between ARDB and Wing is to allow the ARDB’s […]

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Indonesia: ‘We are dying’: No new shopping center openings, leasing grinds to halt

The retail property market recorded no new openings of shopping centers or leasing activities in April and May in Jakarta as shopping malls across the country temporarily closed to prevent further spread of COVID-19. Data compiled by the Indonesian Shopping Center Association (APPBI) show that 190 shopping malls across the country temporarily closed. Stefanus Ridwan, the chairman of the association, said Tuesday that […]

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Cambodia: Hospitality industry shows signs of despair

The Cambodia Hotel Association (CHA) president claims that the hotel industry is seeking far and wide to secure financial assistance because of the Coronavirus pandemic, which hit hard the entire tourism sector. Clais Chenda president of CHA told Khmer Times that COVID-19 has severely affected the hotel industry, the tourism sector’s biggest investment. Chenda, who also runs […]

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