People’s spending during the upcoming Songkran festival is expected to dive by 17% from 2019 to 113 billion baht, the lowest in nine years, as people remain worried about the pandemic and weak purchasing power, according to a survey conducted by the University of the Thai Chamber of Commerce (UTCC). “The lower spending means the […]
Read MoreThe sudden increase in demand for land, factories, and warehouses in Vietnam has pushed up rental costs at industrial parks (IPs) near major cities, according to Savills Vietnam. Rising rents and high occupancy rates at key IPs in the north and the south may be cause for concern at multinational corporations looking for locations close to Hanoi […]
Read MoreSINGAPORE – Private home prices in Singapore rose for a fourth straight quarter, jumping 2.9 per cent in the first three months of this year, raising bets on a fresh round of cooling measures. This is the steepest quarterly increase since the second quarter of 2018, when private residential prices rose by 3.4 per cent […]
Read MoreDespite the global economic fallout from the COVID-19 pandemic, the Kingdom’s total trade volume remains positive, reaching $35.8 billion last year, a rise of 2.5 percent compared with the year before, according to the annual report from the Ministry of Commerce (MoC). Cambodia’s total exports were worth $17.21 billion, up 16.72 percent year-on-year in 2020. […]
Read MoreKUALA LUMPUR: The headline IHS Markit Malaysia Manufacturing Purchasing Managers’ Index (PMI), a composite single-figure indicator of manufacturing performance, rose to 49.9 in March from 47.7 in February. IHS Markit said in a statement the latest reading pointed to a stabilisation in operating conditions, with the headline Index reaching its highest since July 2020. Chief […]
Read MoreFood delivery service Line Man has spurned its rider partners’ demand for a reversal of its recent move to lower the 3-kilometre delivery base payment rate, but vowed to provide better incentives and assistance for riders. Line Man last week reduced the base payment for riders from 62 baht to 50 baht, prompting riders to […]
Read More
Thailand
