A potentially bumpy recovery across all sectors of the property market is foreseen as Thailand’s economy weathers another challenging year, according to the international property consultancy CBRE. Following the pandemic-induced economic storm in 2020, the residential sector will see an uneven recovery in 2021 in the condominium and detached housing markets. Commercial and industrial property […]
Read MorePETALING JAYA: The Asia-Pacific Economic Cooperation (Apec) is forecasting the region’s economy to expand 5.7% this year and 4.1% in 2022, but growth is expected to be uneven. The Apec Policy Support Unit, in an update of its Regional Trends Analysis, is also estimating a lower regional economic contraction of 2% in 2020 – an […]
Read MoreFollowing a year of hiring freezes, pay cuts and layoffs, many Thai firms are expected to cautiously renew hiring in 2021, but workers will likely not be rewarded with large salary increases for switching jobs as happened before the pandemic, according to a report by global recruitment firm Robert Walters. The Robert Walters Salary Survey, […]
Read MorePETALING JAYA: The Socio-Economic Research Centre (SERC) forecasts Malaysia’s gross domestic product (GDP) to grow between 4% and 6% this year, with the efficacy of the vaccine rollout and containment of the Covid-19 infection poised to play a critical role in economic recovery. SERC executive director Lee Heng Guie said how quickly and efficiently Malaysia […]
Read MoreConsumer sentiment dropped for the second straight month in January, hitting a nine-month low, as people grew concerned about a fresh surge of infections in the country. The University of the Thai Chamber of Commerce (UTCC) reported yesterday the consumer confidence index fell to 47.8 from 50.1 in December, following readings of 52.4 in November, […]
Read More
Thailand
