The residential market is unlikely to recover to pre-Covid levels until 2025 as the market contraction has been revised to 25-32% from 1.5-11%, driven largely by the battered economy and housing demand. Vichai Viratkapan, acting director-general of the Real Estate Information Center (REIC), said the market nationwide in the second quarter saw a continuing year-on-year […]
Read MoreRevenue earned from potential mining operations, revamped state enterprises and from other as yet untapped sources will be used to pay debts amounting to almost $14 billion, the Lao government has told the National Assembly (NA). Foreign debt has accumulated to about $13 billion and domestic debt now stands at $900 million. Money has been […]
Read MoreThe world’s most prestigious brands will be entering the market over the next 12 months as Blue Bell Group announced yesterday that it has secured a landmark deal to manage one of the country’s most-anticipated retail projects. The group has partnerships with more than 150 high-end labels, including Jimmy Choo, Moschino, Versace and Christian Dior […]
Read MoreThe lockdown of 29 provinces hardest-hit by the latest wave of Covid-19 has been extended until the end of this month, but restrictions have been eased on banks and other financial services operating in shopping malls. The Centre for Covid-19 Situation Administration (CCSA) on Monday confirmed the lockdown will remain in effect until at least […]
Read MoreAutomobile manufacturers are facing sharp drop in sales and increased inventories as social distancing has been imposed in many cities and provinces, vehicle registration has been halted, and sale agents have had to close the doors. Vietnam Automobile Manufacturers Association (VAMA) reported that its member companies sold 16,035 cars in July, a sharp decrease of […]
Read MoreThe baht opened at 33.43 to the US dollar on Tuesday, unchanged from Monday’s closing rate. The Thai currency was likely to move between 33.40 and 33.55 during the day, Krungthai Bank market strategist Poon Panichpibool said. He said the baht was likely to fluctuate and weaken due to the Covid-19 situation and the rising […]
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Thailand
