The real estate sector will “suffer in the short term” but will become “stronger than ever” once the COVID-19 pandemic is over, according to industry insiders. Dr Alexander Evengroen, managing director of Asean Realtor Inc and Group CEO of UK Condo & Property Co Ltd, said it cannot be denied that Cambodia – like a […]
Read MoreKUALA LUMPUR, May 13 — The government will be implementing a short- and medium-term economic recovery plan to rejuvenate the country’s economic growth soon, said Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz. The plan will highlight health guidelines and safe operating procedures in the new norm, capacity building, hiring of workers, job creation as well […]
Read MoreMyanmar has permitted the business of reinsurance and three new categories of general insurance in the country under two new directives – (4/2020) and (6/2020) – issued by the Insurance Business Regulatory Board (IBRB) on May 12. The three new categories are: Industrial All Risk, Construction All Risk/ Erection All Risk, and Bailee’s Liability Insurance. […]
Read MoreThe Hanoitimes – Fitch expected the central bank to further cut the benchmark rates, which would take the refinancing rate to 4.0% and the discount rate to 2.5%. In light of a weak economic outlook, there remains scope for further monetary easing both in benchmark rate cuts and other macroprudential measures, according to Fitch Solutions, a […]
Read MoreMANILA, Philippines — Over-the-counter banking will be among the casualties of the coronavirus disease 2019 (COVID-19) in the Philippines. A decline of up to 50% in branch-based operations can be expected in the wake of this pandemic. The effects of the nation’s collective trauma from this experience will persist long after the last patient recovers and […]
Read MoreCambodian government is seeking support from Russia to push the Cambodia- Eurasian Economic Union (EAEU) free-trade agreement in order to expand trade volume and economic cooperation between Cambodia and the bloc. The call was made during a meeting between Cambodia Ministry of Commerce’s Secretary of State Tek Reth Kamrong and Dmitry Tsvetkov, Russian ambassador to […]
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Thailand
