The government’s measure to allow foreigners to buy a landed house will cause the value of residential transfers to foreign buyers to double to 100 billion baht per year, according to the Real Estate Information Center (REIC). Vichai Viratkapan, the centre’s acting director-general, said there were around 10,000 condo units nationwide worth more than 50 billion […]
Read MoreMALAYSIA’S central bank will tighten its policy rate by a quarter point for the fourth time in a row on Nov 3 as upside risks to inflation persist and to support the weakening currency, a Reuters poll showed. Bank Negara Malaysia (BNM) started raising rates in May even though inflation was within its target range […]
Read MoreThailand expects it will benefit from the spillover tourism from the Laos-China Railway when China fully opens its borders in 2023. The Thaiger reports that the Association of Thai Travel Agents (Atta) anticipates around 3 million Chinese travelers will travel through the 423 km railway line that runs between Boten, a northern Lao town on the border […]
Read MoreMANILA, Philippines — The telco industry has asked President Marcos to allocate a yearly budget not only for physical infrastructure, but also for digital assets to achieve his push for universal connectivity. PLDT president and CEO Alfredo Panlilio told The STAR that telco executives in the Private Sector Advisory Council have requested that the government […]
Read MoreTo achieve the projected growth rate of 6.6 percent in 2023 and take the gross domestic product (GDP) to 131,276 billion riels or about $32,291 million, the Cambodian economy will have to be supported by key economic sectors. The industrial sector is projected to grow at 9.2 percent in 2023, similar to the 2022 growth […]
Read MoreAt least three foreign automobile manufacturers in the last year have chosen Vietnam as a potential market to seek investment opportunities and use it as a springboard to export cars to regional countries. According to the ASEAN Automotive Federation (AAF), 201,840 cars were bought from January to July. With the figure, Vietnam ranks fourth in […]
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Thailand
