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Thailand: Govt U-turns on land plan

The government is reportedly backing down from its plan to allow wealthy foreigners to purchase up to one rai of land for residential purposes in return for investments, after the proposal drew fierce criticism. Chayawut Chanthorn, director of the Department of Land, said on Monday that Deputy Prime Minister Prawit Wongsuwon had approved the withdrawal of the […]

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Philippines: Growth slowdown to continue

FULL-YEAR economic growth expectations will have to be tempered given an expected third-quarter slowdown and the possibility of a further deceleration in the last three months of the year, analysts polled by The Manila Times indicated. With July-September results to be announced on Thursday, a survey of six economists led to a median growth forecast […]

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