The pandemic is likely to cause the residential market nationwide to fall by 15% this year, in line with a forecast 5.5% contraction of GDP growth and a sharp drop in housing absorption rate, according to the Real Estate Information Center (REIC). Vichai Viratkapan, REIC acting director-general, said the centre downgraded housing market growth this […]
Read MoreThe Ministry of Agriculture, Forestry and Fisheries and the International Rice Research Institute (IRRI) inked their collaborative work plan for 2020-2023 yesterday. The agreement aims to further strengthen the cooperation between the two organisations for the crops research and development activities that has been going on for many years. IRRI’s support for Cambodia’s rice sector […]
Read MoreIn a document to the government, the Vietnam Association of Foreign Invested Enterprises (VAFIE) suggested developing casino services and prize winning games as a solution to recover the economy after the epidemic ends. The Prime Minister has given instructions to quickly recover and develop domestic tourism, and prepare necessary conditions to resume international tourism once […]
Read MoreFollowing the easing of traffic restrictions in Myanmar, domestic oil consumption has risen from its trough in late April and prices are expected to remain on the upside . “Domestic consumption has just started increasing again after the past two months as there are fewer cases of the virus being reported. In April, the market […]
Read MoreThailand’s industrial confidence index stood at 75.9 in April, its lowest in 11 years, and a slight decrease across all sectors from 88 the month before. The drop is a reflection of poor confidence in the economy because of the lockdown and curfew, the drought and the private sector’s wariness of the Covid-19 pandemic. FTI […]
Read MoreSINGAPORE – Employers who need to lay off staff during this Covid-19 pandemic should provide retrenchment benefits according to their financial position, and should treat their employees with “empathy and dignity”, said the Ministry of Manpower (MOM) on Wednesday (May 20). Companies that are in sound financial position should pay out the benefits agreed on […]
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Thailand
