The local automobile industry would continue to face severe impacts from the Covid-19 pandemic as demands for cars are expected to stay low for the foreseeable future. The Ministry of Finance (MoF) has proposed an excise tax payment deferral for domestically-produced cars until the end of 2021. The move is seen as another effort from […]
Read MoreHONG KONG (BLOOMBERG) – Can a five-year-old Hong Kong-based property manager grow to take on the likes of Blackstone Inc. and Brookfield Asset Management Inc.? That’s the question capturing the attention of some analysts for ESR Cayman. The landlord of e-commerce logistics hubs has been on a dealmaking spree for two years, most recently the acquisition […]
Read MoreForeign visitors to Thailand are expected at about 280,000 this year, down from half a million projected earlier, a private tourism group said on Tuesday, as the country suffers a prolonged coronavirus outbreak. The crucial tourism sector has lost about 3 million jobs during the pandemic, the Tourism Council of Thailand said in a statement. […]
Read MoreWe have learnt an important lesson that innovation, digital technology, and an entrepreneurial passion will multiply productivity and competitiveness Jakarta (ANTARA) – A country’s economy can be labelled as being advanced if business actors constitute 10 percent of the nation’s population, according to Vice President Ma’ruf Amin. “In addition to research and innovation, the economy […]
Read MoreKUALA LUMPUR, Sept 28 — The World Bank has revised Malaysia’s economic growth projection to 3.3 per cent in 2021, down from the 4.5 per cent forecast in June. It said the ongoing movement control orders, increased precautionary behaviour and subdued labour market conditions were expected to weigh down further on private consumption and overall […]
Read MoreVietnam earned $3.15 billion from exporting goods to Cambodia in the first eight months of 2021, up 16.7 percent year-on-year. However, Vietnam reported a trade deficit of $354.4 million with Cambodia in the reviewed period. One of the reasons behind the trade deficit was increases in import turnover of six main products from Cambodia compared […]
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