Geopolitical risks and the protracted domestic economic slowdown will continue to limit foreign fund inflows into Thailand’s stock market this month, says Asia Plus Securities (ASP). Foreign investors were the sole net sellers in May of local equities, worth 31.6 billion baht, with year-to-date foreign net outflows totalling 194 billion as of May 29. Equity […]
Read MoreKUALA LUMPUR, June 3 — Due to the Covid-19 pandemic, job losses in the country has increased by 42 per cent year-on-year for this first quarter (Q1 2020), according to the Social Security Organisation’s (Socso) Employment Insurance System (EIS). In a report titled “Employment Outlook, the 1st Quarter of 2020, Volume 4/2020, The Impact of […]
Read MoreMANILA, Philippines — The estimated reverse inbound tourism further plunged 60.56 percent to P81.05 billion in the five months to May due to travel restrictions amid the coronavirus disease 2019 or COVID-19 pandemic, the chief of the Department of Tourism (DOT) said. In a virtual press briefing yesterday, Tourism Secretary Bernadette Romulo-Puyat said international arrivals […]
Read MoreCentral Group and its subsidiaries led by Central Pattana (CPN) are launching a campaign to rebuild the economy by offering free rental space to farmers, small and medium-sized enterprises (SMEs) and students at Central malls nationwide. The group will also offer discounts of up to 90% on goods until July 31 to ease living costs […]
Read MoreKhmer Enterprise, a unit under the Ministry of Economy and Finance (MEF), Cambodia Australia Agricultural Value Chain Program (CAVAC), and the Institute of Technology of Cambodia (ITC), inked a partnership agreement to driving food-processing innovations through small and medium enterprises (SMEs) in the Kingdom. The partnership aims to help the agricultural-processing industry grow and attract […]
Read MoreThe Covid-19 pandemic has exacerbated an already uncertain residential and office property market in Bangkok, likely to lead to falling rents and a glut of vacancies, says the chief executive of Savills Thailand. “We were predicting the office market was going to come under immense pressure anyway irrespective of the Covid-19 event because the volume […]
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