Rents for serviced apartments in Phnom Penh had tumbled nearly 20 per cent year-on-year by the end of last year as the number of foreigners working and investing in the Kingdom dwindles amid Covid-19 concerns, a new real estate study found. CBRE Cambodia, the local affiliate of US commercial real estate services and investment firm […]
Read MoreMANILA, Philippines — Sta. Lucia Land Inc. (SLI), a publicly-listed subdivision developer, expects the residential sector to continue growing despite the pandemic. David dela Cruz, EVP and CFO of SLI, said the company remained resilient despite the challenging business environment. “Even with the decline in real GDP along with the contraction of overall activity, SLI […]
Read MoreThe Bank of Thailand (BoT) has added consumer loan solutions to cover debtors involved with the legal system through an online debt mediation scheme. The new debt aid scheme is designed for credit card and personal loan products, covering all different statuses of repayment including performing loans and non-performing loans (NPLs). The scheme aims to […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has extended anew the zero spread on its peso rediscount loans by another three months to allow banks to tap the facility to meet their temporary liquidity needs amid the pandemic. BSP Governor Benjamin Diokno said the Monetary Board approved the extension of the temporary measures […]
Read MoreBENGALURU (REUTERS) – Mastercard said on Wednesday (Feb 10) it was planning to offer support for some cryptocurrencies on its network this year, joining a string of big-ticket firms that have pledged similar support. The credit-card giant’s announcement comes days after Elon Musk’s Tesla revealed it had purchased US$1.5 billion (S$2 billion) of bitcoin and would […]
Read MoreAfter receiving complaints, the government of Malaysia’s Pahang state has agreed to grant remission of the ‘office fee’ charged upon registration of property dealings. Mentri Besar (Chief Minister) Wan Rosdy Wan Ismail said the state was always responsive to the people’s complaints, especially those considered reasonable, and thus approved the remission of the registration fees […]
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