The Bangkok office market is slowing because of shrinking demand and future supply overwhelming the market, with flat growth in occupancy and rents expected this year. Teerawit Limthongsakul, managing director of property consultant Nexus Real Estate Advisory, said many office tenants decided to scale down or not to expand as they wanted to cut costs. […]
Read MoreCambodia exported goods worth $6.06 billion to the US market in the first 11 months of last year, up 22.2 per cent from the same period in 2019, while total bilateral trade volume reached $6.37 billion, according to data released by the US Bureau of Commerce. Trade between the two countries was up 17.05 per […]
Read MoreChina remained the largest supplier of goods to Vietnam in 2020 as Vietnam ran a trade deficit of US$35.2 billion with the neighboring country last year, up 3.7% against 2019, according to the Ministry of Industry and Trade. Statistics from the General Department of Vietnam Customs indicated that Vietnam had exported products worth US$48.9 billion […]
Read MoreAll eyes on OPR THE week opens with Bank Negara’s decision on the overnight policy rate (OPR). The monetary policy committee (MPC) of Bank Negara is expected to meet on Wednesday. According to a Bloomberg poll, it will be a close call with six analysts calling for no change and five analysts expecting a 25-basis-point […]
Read MoreSingapore’s Purchasing Managers’ Index remained positive for six consecutive months. The manufacturing industry contracted only 5.8% YoY in Q3 2020, a significant improvement from the 13.2% YoY contraction in Q2 of the same year, according to Cushman & Wakefield. The industry also expanded by 10% YoY in Q3 with economic growth said to be driven by […]
Read MoreState-owned Government Savings Bank (GSB) plans to adjust its loan criteria to collateral-based lending from the current cashflow-based lending to assist people experiencing a liquidity crunch. The adjustment process should take 1-2 years, said GSB president and chief executive Vitai Ratanakorn. As Thailand’s economy has been hugely affected by the continuing Covid-19 outbreak, the cashflow-based […]
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Thailand
