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Thailand: Bangkok scores well in fit-out survey

Bangkok ranked the seventh most affordable office market to fit out in Asia-Pacific at US$713 or 21,390 baht per square metre, 170% less expensive than Tokyo, the most expensive, according to property consultant JLL Thailand. Stephen Taylor, managing director of project and development services, said fit-out costs in Bangkok were relatively stable despite price competition […]

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Malaysia: Tourism arrivals down 78.6% to 4.29 million

PETALING JAYA: Malaysia recorded a 78.6% fall in tourism arrivals from January to September contraction in the tourism industry due to the Covid-19 pandemic which has impacted the tourism sector globally. Bernama reported that the number of tourists fell to 4.29 million compared with over 20.10 million in the previous corresponding period with the movement […]

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Vietnam’s banking sector in 2020: profitability and vulnerability are higher

The Hanoitimes – Despite challenges, Vietnam’s banks are nearly approaching their full-year targets but the risk provision pressure remains great. Preliminary business results of commercial banks in the first nine months delivered a positive picture of the banking sector in 2020. Despite challenges banks have faced during the Covid-19 pandemic, banks are nearly approaching their full-year […]

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Laos to host regional summits via video conference

VIENTIANE, Dec. 8 (Xinhua) — Lao Prime Minister Thongloun Sisoulith will chair the Cambodia-Laos-Vietnam (CLV) and Cambodia-Laos-Myanmar-Vietnam (CLMV) Summits via video conference on Wednesday, according to a Lao Foreign Ministry statement. Lao Prime Minister Thongloun and his delegation will also join leaders at the Ninth Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS) Summit the same day. […]

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Cambodia: Airport rail system off track for now

The Phnom Penh International Airport railway tracks spanning busy Russian Boulevard will be covered over with a protective layer of sand and bitumen in order to save on maintenance costs, according to the Royal Group. The railway line, currently not in use because of a lack of passengers, is slated to become operational in the […]

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Indonesia: OJK expects jobs law to spur municipal bonds issuance amid simplified bureaucracy

The Financial Services Authority (OJK) expects the newly passed Job Creation Law to help spur the issuance of municipal bonds and sukuk among regional administrations, which have faced bureaucratic hurdles. Luthfi Zain Fuady of OJK capital market supervision said on Dec. 1 that although several administrations had conveyed their interest in issuing a municipal bond […]

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