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Thailand: Tax perk’s impact seen as minimal

The government’s latest tax perk for property will likely have a minimal impact on the housing market because only a handful of homebuyers will qualify for benefits, say property analysts. Phattarachai Taweewong, associate director of research for property consultant Colliers International Thailand, said the new stimulus measures for the property sector may not help boost […]

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Lazada sees double digit growth in Philippines

MANILA, Philippines — Lazada, Southeast Asia’s biggest online and shopping platform, expects its Philippine business to grow by double digit and outpace the growth of the market this year as it takes advantage of the rising demand for fashion and beauty products from the young female segment and increasing number of shoppers outside Metro Manila. “I think we […]

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Vietnam manufacturing activity hits 4-month high in April

The Hanoitimes – The main positive from the latest Vietnam manufacturing PMI survey was a return to employment growth, the first rise in three months, as firms gained confidence that the soft patch at the start of the year is now a thing of the past. The headline Nikkei Vietnam Manufacturing Purchasing Managers’ index (PMI) rose […]

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AMRO retains 6.4% growth outlook for Philippines this year

MANILA, Philippines — Singapore-based ASEAN+3 Macroeconomic Research Office (AMRO) has retained its 6.4 percent growth projection for the Philippines this year on the back of buoyant domestic demand and strong credit growth amid high interest rates. Growth of the domestic economy is seen accelerating to 6.6 percent in 2020. “The economy expanded by 6.2 percent in 2018, the lowest […]

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ADB commits US$2.6 billion to support Indonesia in 2019

Asian Development Bank (ADB) has committed US$2.6 billion this year to support Indonesia, primarily in developing infrastructure projects, said Ramesh Subramaniam, the ADB director general of the Southeast Asian department in Fiji on Wednesday. ADB plans to help finance two large power plant projects using policy-based loans. One will be a power plant project that […]

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