The expanded lockdown measures and 30-day closure of construction sites and worker camps since early this month will plunge the housing market into a severe contraction, according to property experts. Vichai Viratkapan, acting director-general of the Real Estate Information Center (REIC), said there is a very high chance that the housing market this year will […]
Read MorePETALING JAYA: Banks will likely again face another round of modification losses as a result of the automatic loan moratorium that just started, but this time, the losses are not expected to hit them as much as the first time. According to CGS-CIMB, local lenders which may have to incur modification losses will see a […]
Read MoreThe image of taxi motorbike drivers buying food and delivering to families has become common in HCMC, as people must restrict travel during social distancing. At 5.30 pm recently, shipper Pham Quang Toan was seen leaving a market with two large bags of rau muong (a kind of vegetable in Vietnam) to deliver to a […]
Read MoreMost hotel operators in Thailand only have enough funds to last them for less than three months, a survey conducted by the Thai Hotels Association (THA) showed. THA president and hotelier Marisa Sukosol Nunbhakdi said the survey – in cooperation with the Bank of Thailand – was conducted between June 14 and 27 on more […]
Read MoreThe ongoing Covid-19 outbreak is threatening to hinder the export sector from achieving its 8%-10% growth target as more factories are hamstrung by rising infections, says the Federation of Thai Industries (FTI). Kriengkrai Thiennukul, vice-chairman of the FTI, said disease transmission is affecting production capacity and will eventually mar plans to export goods. Some production […]
Read MoreVietnam was named among the world’s top 20 host economies for foreign direct investment (FDI) for the first time in 2020 with an inflow of 16 billion USD. The country was up five places against last year’s ranking to reach 19th on the list, according to UN Conference on Trade and Development (UNCTAD)’s World Investment […]
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