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Colliers: Bangkok condo launches rise

Newly launched condo supply in the second quarter continued to rise in Bangkok, with most launches in June after the political situation became clearer, says property consultant Colliers International Thailand. Despite many negative factors, developers still launched new condo supply in Bangkok in the second quarter, said Phattarachai Taweewong, Colliers’ associate director. “Developers need to […]

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Philippines: Pro-foreign investment laws can triple FDI inflows — Pernia

MANILA, Philippines — Foreign direct investment (FDI) inflows into the country can increase three-fold by amending three key investment laws that would ease restrictions on capital from overseas, the National Economic and Development Authority (NEDA) said yesterday. During the Pre-State of the Nation Address (SONA) economic and infrastructure forum yesterday, Socioeconomic Planning Secretary  and NEDA […]

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Indonesia to block use of ‘illegal’ cell phones

The government plans to block the use of cell phones bought in the black market to curb the distribution of such phones. The plan was announced after the government required all phone users to register their SIM cards. The Industry Ministry will reportedly implement the blockage through the International Mobile Equipment Identity (IMEI) number that identifies the device […]

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Philippines: Meat traders decry higher duty on deboned meat

MANILA, Philippines — Businesses and commodity prices are threatened by a Bureau of Customs (BOC) order requiring meat importers to pay the higher duty of 40 percent on mechanically deboned meat (MDM) which became effective with the implementation of the rice tariffication law, meat traders said. The Meat Importers and Traders Association (MITA) slammed the […]

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Thailand: Firms push for gradual daily wage increases

Business operators are urging the new government to raise the country’s daily minimum wage in line with a resolution of the tripartite committee and avoid the sharp rise promised during the general election campaign. For 2019, the tripartite committee representing employers, employees and the government agreed to increase the daily minimum wage by 2-10 baht […]

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