Singaporean real-estate company PropNex has announced its regional expansion into Cambodia. This marks the companies fourth overseas venture into the ASEAN market following Malaysia, Indonesia and Vietnam. The expansion will see an increase in regional salespeople employed by the company to more than 12,000. PropNex Cambodia will be led by Alan Neo as chief executive […]
Read MoreFashion brands, manufacturers and retailers are increasingly preparing to adopt new production practices. The trend of fast fashion becomes gradually saturated as more consumers are aware of the industry as the world’s second-largest polluter. Sustainability-oriented/eco-friendly fashion is forecast to grow among local and foreign brands in Vietnam in the coming time, local insiders have said. […]
Read MoreFigure raised to 9.4% from previous 8.9% The government’s fiscal gap ceiling this year was raised by the country’s economic managers, who expect higher public expenditure on the coronavirus disease 2019 (Covid-19) pandemic response. Budget Secretary Wendel Avisado said on Tuesday night that the interagency Development Budget Coordination Committee (DBCC) revised this year’s deficit program upward […]
Read MoreAMONG the latest restrictions which will be in place till June 13, dining out has been banned. In this period, F&B operators are to receive increased wage support under the Jobs Support Scheme (JSS). The government will raise its wage support for food and beverage (F&B) establishments to 50 per cent from 10 per cent. Under the […]
Read MoreProperty developer Altitude Development Co is pressing ahead with low-rise housing projects, joint ventures and turnkey projects as this strategy is less risky during a pandemic. Chief executive Chayaphon Hunrungroj said all the new projects the company plans to launch this year and next year are low-rise homes, including single-detached houses and townhouses in the […]
Read MoreA 2017 decision to limit interest rates to protect borrowers from high interest rates has resulted in microfinance institutions (MFIs) increasing their fees and turning away from smaller clients, according to an International Monetary Fund working paper. In March 2017, the National Bank of Cambodia (NBC) imposed an 18 percent limit on annual interest rates […]
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Thailand
