SET-listed developer Land & Houses Plc (LH) scaled down its residential launches this year to 12 projects, down 25% from last year, worth a combined 20.7 billion baht. Managing director Adisorn Thananan-narapool said the company expects to have 28 billion baht in presales and 30 billion in revenue from residential sales by the end of […]
Read MoreMANILA, Philippines — The country’s fiscal deficit ballooned to 7.5 percent of gross domestic product in 2020, but settled slightly lower than the government’s forecast as both revenues and expenditures went below their revised targets, according to the Department of Finance (DOF). In a presentation before the Management Association of the Philippines (MAP), Finance Secretary […]
Read MoreHANOI — The Vietnam Bank for Social Policies (VBSP) has allocated VND31.6 billion (US$1.36 million) to 207 enterprises to pay the wages of 8,529 labourers who lost their jobs due to impact of the COVID-19 pandemic. According to the bank, it has extended payment dates and adjusted the lending terms for 242,700 existing customers, while giving […]
Read MoreKUALA LUMPUR: HSBC Group has projected Malaysia’s gross domestic product (GDP) growth for 2021 at 6.7% compared with an estimated 5.4% contraction last year. Asian economics research co-head Frederic Neumann said the Movement Control Order (MCO) 2.0 currently in place was expected to pose economic challenges at the beginning of the year. “But we are […]
Read MoreCambodia’s debt vulnerability remains contained, a Moody’s Investor Service report said. Despite holding a negative outlook on the Asia-Pacific (APAC) region, the rating agency maintained the Kingdom’s B2 Stable credit rating after having downgraded several frontier markets including Thailand, Sri Lanka, Laos and Myanmar last year. “The widespread fallout from the pandemic and measures adopted […]
Read MoreAverage prices for new and resale condo supply are projected to continue falling this year as the glut of unsold condos is overwhelming, with new units added to the stockpile. Nalinrat Chareonsuphong, managing director of consultant Nexus Property Marketing Co, said average prices of new condo supply being launched in Greater Bangkok this year would […]
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Thailand
