SINGAPORE (BLOOMBERG) – Private housing rents in Singapore have climbed to a six-year high, and analysts anticipate further increases as demand outweighs supply. That is adding to costs for expatriates here at a time when inflationary pressures are building. The Covid-19 pandemic can be blamed for much of the gains: a shortage of migrant workers has contributed […]
Read MoreMANILA, Philippines — The Philippines held on to its position as second fastest growing market for automobiles in Southeast Asia, with production and sales accelerating by over 20 percent in the 11 months to November. Data from the Association of Southeast Asian Nations (ASEAN) Automotive Federation showed assembly plants in the Philippines churned out 78,714 […]
Read MoreCambodia’s five cement factories produced 7.9 million tons in the eleven months this year, a slight decrease compared to the amount registered in 2020. Puth Chandarith, secretary-general of the Cambodian Cement Manufacturing Association, said on Monday that the production of domestic cement during the January-November period was similar to last year due to the number […]
Read MoreA shift to the local market should be a long-term solution for Vietnam to avoid a similar situation at border gates with China in the future. Vietnamese Government agencies are urged to actively work with their Chinese counterparts to resolve the current congestion at Vietnam-China border checkpoints, while businesses should refrain from sending more trucks […]
Read MoreThe number of international tourists next year might be lower than the Finance Ministry’s forecast because of the impact of the Omicron coronavirus variant, said Finance Minister Arkhom Termpittayapaisith. The ministry projects seven million foreign tourist arrivals next year, up from the forecast of 200,000 for this year. There were around 40 million tourist arrivals […]
Read More[KUALA LUMPUR] Malaysia’s state energy firm Petronas said on Tuesday that it anticipates recovery in oil demand from the impact of the coronavirus pandemic to remain fragile and uncertain in the next few years. The industry was optimistic about economic recovery but remained cautious and needed to be ready to face oil price volatility, Petronas […]
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Thailand
