COVID-19 fears have left big businesses such as Aeon Mall reeling, but smaller businesses in numerous multiple markets across Phnom Penh are also feeling the pinch. Reports from stall owners indicate that customers are avoiding the markets and the hundreds of businesses they hold by finding other ways to get their necessities. Por Panha, owner […]
Read MoreSINGAPORE recorded the highest average fit-out cost for offices across South-east Asia at US$112 per square foot (psf), Cushman & Wakefield said on Tuesday. This was despite the city-state’s average cost already falling from US$115 psf a year ago, according to the real estate services firm’s analysis for 2020-2021. Mechanical and engineering works made up […]
Read MoreAfter a period of strong negative impacts caused by the pandemic, real estate investment activities in Asia-Pacific and Vietnam in particular started to show signs of recovery in the second half of the year, and are expected to return towards a stable increase moving into 2021 and 2022. According to the latest report released by […]
Read MoreTo avoid an oversupply, the government should support foreign buyers purchasing residential units with measures to counterbalance the shortfall in domestic demand, says Thailand Development Research Institute (TDRI). Nonarit Bisonyabut, senior research fellow at TDRI, said the government could allow foreigners to bid to purchase residential units. This method can attract their interest and limit […]
Read MoreMANILA, Philippines — The World Bank has downgraded its economic forecast for the Philippines this year following the still steep decline in output in the third quarter and the onslaught of devastating typhoons last month. In the December issue of the Philippines Economic Update, the multilateral lender said its now expects the gross domestic product […]
Read MoreThe Confederation of Indian Industry (CII), in partnership with the Ministry of Commerce and Industry, Government of India, held the sixth India-CLMV business conclave: Building Bridges for Constructive Development virtually with Cambodia, Lao PDR, Myanmar and Vietnam (CLMV). The two-day event earlier this month created a platform to strengthen India’s cooperation with the CLMV countries. […]
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