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Aseanta to seek reopening scheme

The ASEAN Tourism Association will press for a border reopening scheme among Asean’s 10 member states at the 24th meeting of Asean Tourism Ministries on Thursday. Mingkwan Metmowlee, president of the ASEAN Tourism Association (Aseanta), said the association, which includes the private sector and national tourism organizations (NTOs) of the 10 member states, will call […]

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Vietnam: Ministry of Construction to reduce housing prices, paving way for VND20 million/m2 apartments

The Ministry of Construction (MOC) has joined forces with a number of ministries and branches to draft a government resolution on solutions to encourage the development of low-cost commercial housing projects. Low-cost commercial housing projects are projects with apartments with an area of less than 70 square meters and selling prices of no more than […]

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Philippines: Term deposit rates continue to decline

MANILA, Philippines — Term deposit rates continued to ease further amid the liquid environment in the country, according to the Bangko Sentral ng Pilipinas. BSP Deputy Governor Francisco Dakila Jr. said the yield of the seven-day term deposits slipped by 0.626 basis point to 1.6157 percent at the term deposit facility (TDF) yesterday from last […]

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Thailand: Modern trade index fell in Q4 of 2020

Modern trade sentiment remained downbeat in the fourth quarter last year, falling to a two-year low as operators were concerned about the crisis and the relatively weak purchasing power among local consumers. Thanavath Phonvichai, vice-president of research at the University of the Thai Chamber of Commerce (UTCC), said the modern trade sentiment index stood at […]

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Malaysian exports to Cambodia down 42 percent

Cambodian imports from Malaysia fell in 2020 to their lowest figure since 2016, according to a news release issued by Malaysia’s Ministry of International Trade and Industry (MITI). Malaysia’s 2020 exports to Cambodia dropped 42 percent year-on-year to $368.5 million, said Mohamed Azmin, the MITI’s senior minister. The pandemic had “directly caused major disruptions to […]

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