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Thailand: New luxury hotels to soar in Bangkok

Riverside locations on Charoen Krung Road and the Sathon-Rama IV area have become the hot zones in Bangkok where a large number of new luxury hotel rooms are projected to open in 2023-25, according to property consultancy Colliers Thailand. Phattarachai Taweewong, research and communication director at Colliers, said locations along the Chao Phraya River on Charoen […]

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Vietnam: Online shopping spurs e-commerce logistics

A boom in online shopping and increasing numbers of internet and smartphone users have contributed to the growth of e-commerce logistics in Asia-Pacific, including Viet Nam. At the same time, the region’s strong development of e-commerce logistics has also helped create breakthroughs in cross-border e-commerce. The “E-Commerce Logistics Market by Service and Geography – Forecast […]

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Philippines: BSP survey shows higher 2022 inflation

A BANGKO Sentral ng Pilipinas (BSP) survey of private sector economists conducted in August 2022 showed that inflation predictions for this year remain on the high side. According to BSP’s Monetary Policy Report for the month of August released this weekend, private sector experts predict that inflation w ill continue to climb this year before […]

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Indonesia may raise fuel prices by 30%, trim subsidy

Malaysia isn’t the only country in the region grappling with the dilemma of fuel subsidies. Having already tripled its original 2022 energy subsidy allocation to 502 trillion rupiah (RM151.4 billion) due to rising oil prices and a depreciating rupiah, Indonesia is reportedly looking into raising its subsidised fuel prices in a bid to ease the fiscal pressure, Reuters reports. The […]

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Vietnamese businesses increase investment in Laos

Vietnamese businesses have registered investment capital of US$65.92 million to undertake three projects in Laos during the first six months of this year. This figure is an increase of 2.5 percent compared to the same period last year, Minister of Planning and Investment, Mr Khamjane Vongphosy, has said. Mr Khamjane commented on the increase during […]

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