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Thailand: Virus a plus for online sellers

The ongoing coronavirus outbreak will increase online shopping among Thai customers for fear of contracting the illness in public, while the disruption of supplies from China continues to take a toll on social commerce because of a lack of inventory, says Facebook Thailand. Meanwhile, a new study by Facebook and US-based consultancy Bain & Company […]

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Philippines: Term deposit rates ease further

MANILA, Philippines — Term deposit rates eased across the board anew, as investors anticipate more interest rate cuts amid the impact of the coronavirus disease-2019 (COVID-19), according to the Bangko Sentral ng Pilipinas (BSP). The yield of the seven-day term deposits slipped by 0.51 basis point to 3.8250 percent at the term deposit auction facility […]

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Thailand: Property market growth forecast cut

Residential property market growth this year has been cut to 3-5% from 5-7% following lowered GDP growth forecasts of 1.5-2.5% amid the spread of the recent coronavirus outbreak, says the Real Estate Information Center (REIC). Vichai Viratkapan, REIC’s acting director-general, said the outbreak is a new threat that will have a strong impact on the […]

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