Residential property values plunged in the first quarter of 2021 as prices for various types of housing units declined, the Bangko Sentral ng Pilipinas (BSP) reported over the weekend. The central bank’s Residential Real Estate Price Index (RREPI) contracted by 4.2 percent year-on-year and by 1.6 percent quarter-on-quarter “due to the subdued demand for residential […]
Read MoreThe National Commercial Arbitration Centre of the Kingdom of Cambodia (NCAC), an independent not-for-profit organisation, will implement its new rules and fee structures today. The organisation has seen and administered 27 proceedings worth approximately $80 million since its founding. The new rules aim to make the NCAC a more viable solution for businesses to settle […]
Read MoreThe private sector is calling on the government to roll out relief measures to lessen the impact of the latest Covid-19 control measures which come into effect today, including a ban on dining-in at restaurants across high-risk areas. Published on the Royal Gazette‘s website late on Saturday night, the restrictions apply to Bangkok, Nakhon Pathom, Nonthaburi, Samut […]
Read MoreThe baht opened at 31.82 to the US dollar on Monday, weakening from Friday’s closing rate of 31.78. The Thai currency is likely to move between 31.75 and 31.90 during the day and between 31.60 and 32.10 within this week, Krungthai Bank market strategist Poon Panichpibool said. He said that the baht tended to weaken […]
Read MoreMANILA, Philippines — After leaving interest rates unchanged at all-time lows, the Bangko Sentral ng Pilipinas (BSP) is expected to be one of the last central banks in the ASEAN to adjust its interest rates. UK-based Pantheon Macroeconomics said the BSP is likely to be one of the last central banks in ASEAN to start […]
Read MoreThe Stock Exchange of Thailand (SET) Index fell by 9.38 points, or 0.59 per cent, to 1,573.29 on Monday morning. The SET Index closed at 1,582.67 on Friday, down 3.05 points or 0.19 per cent. Transactions totalled THB68.1 billion with an index high of 1,596.16 and a low of 1,577.63. Krungsri Securities has forecast that […]
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