Cambodia’s real estate market is suffering from the effects of the Coronavirus pandemic as pre-Covid marketing was heavily geared towards foreign investors, a new survey has found. Realestate.com.kh says the market has shifted away from overseas buyers and upper-middle class Cambodians towards a broader market with a different set of priorities and lower budgets. Realestate.com.kh […]
Read MoreThe recent acceleration of vaccinations in parts of Asia could reduce the risk of setbacks to economic recovery and public finances associated with further waves of the Covid-19 pandemic, provided that the pace is sustained, says Fitch Ratings. The Covid-containment response of the Asia-Pacific region was a relative global outperformer in 2020, but in 2021 […]
Read MoreHANOI: Vietnam has imposed an anti-dumping levy of 47.64% on some sugar products from Thailand for five years to replace a temporary tax introduced in February, the country’s industry and trade ministry said on Wednesday. The decision comes after the ministry finished an anti-dumping investigation that started last September on behalf of the domestic industry. […]
Read MoreMANILA, Philippines — The Department of Trade and Industry (DTI) is advising the public to be cautious of chain distribution plans or pyramid sales schemes circulating online as complaints involving such received by the agency have more than doubled as of end-April. In a statement yesterday, the DTI said a total of 28 complaints on […]
Read MoreThe baht opened at 31.16 to the US dollar on Wednesday, weakening slightly from 31.15 at close on Tuesday. The Thai currency is likely to move between 31.10 and 31.20 during the day, Krungthai Bank market strategist Poon Panichpibool said. He said the baht would move “sideways” while markets were awaiting the outcome of the […]
Read MoreDepositing money at banks is currently the safest and most profitable investment channel, as Covid-19 developments remain complicated and the stock market is “hot” and, thus, risky. Deposit interest rates at some banks increased slightly by 0.1-0.3 percent per annum in early June. SHB is now offering an interest rate of 5.75 percent for six-month […]
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