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Thailand: Homes in demand near industrial zones

The overall absorption rate of residential supply in three key eastern provinces in the first quarter this year soared to 4.7% from 2.6% at the end of 2021 due largely to strong demand for low-rise houses among those employed in the industrial sector. Vichai Viratkapan, acting director-general of the Real Estate Information Center (REIC), said […]

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Cambodia: Strategic plan to maximise benefits from FTAs

Cambodia is expected to finalise a strategic plan later this month before submitting the document to the council of ministers for review and approval in order to maximise benefits from the implementation of free trade agreements (FTAs), officials said. Seang Thai, secretary of state and spokesman of the Ministry of Commerce (MoC), told Khmer Times that the […]

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Vietnam: Big banks hike deposit interest rates

Large banks are starting to join the deposit interest rate hike race along with small- and medium-sized banks due to rising capital demand pressure after a long time staying out of the game. Early this month, Agribank adjusted interest rates for long-term deposits. Accordingly, customers who deposit money at the bank for 12 months to 24 […]

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Philippines: Higher power rates loom

MANILA, Philippines — Consumers may pay higher electricity rates as power units of San Miguel Corp. (SMC) and Manila Electric Co. (Meralco) seek a temporary adjustment in their power supply agreements (PSAs) to recover fuel costs amid the unprecedented spike in fuel prices. South Premiere Power Corp. (SPPC), San Miguel Energy Corp. (SMEC) and Meralco […]

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