The Myanmar economy is forecast to remain at 6.5 percent in fiscal 2019-20, with four factors foreseen to limit the country’s potential, according to a recent analysis by a British research firm. In a report released last week, Fitch Solutions Macro Research, a unit of the UK Fitch Group, said “poor credit flow to small […]
Read MoreThe value of building materials imported into Cambodia to supply the construction sector increased by 50 percent in 2019 compared to the same period in 2018. Figures from National Bank of Cambodia (NBC) shows that the total value of building material including construction equipment, cement and steel products was estimated at $1.5 billion in 2019. […]
Read MoreThe Industrial Works Department expects the number of newly registered factories to rise 10% to 4,817 and investment value to climb 3.4% to 500 billion baht in 2020, driven by the government’s investment incentives and megaprojects in the Eastern Economic Corridor (EEC). Prakob Vivitjinda, director-general of the department, said the EEC can give investors confidence […]
Read MoreSINGAPORE construction demand is expected to remain strong this year after hitting a five-year high in 2019, said the Building and Construction Authority (BCA). In 2014, demand was S$38.8 billion, also the highest ever. Last year’s total construction demand expanded by 9.5 per cent to reach S$33.4 billion, about S$1.4 billion higher than the upper bound […]
Read MoreMANILA, Philippines — Economists expect the peso to weaken to 53 to $1 this year amind the escalating tension between US and Iran. Philippine National Bank economist Jun Trinidad said the peso is expected to drift back to the 52 to 53 range against the dollar especially with the escalating tension between the US and […]
Read MoreThe Bank of Thailand is requiring financial institutions to adjust prepayment charges for small and medium-sized enterprise (SME) and personal loans and late-payment fees for SME, personal and mortgage loans based on actual costs, with immediate effect. Replacement fees for ATM and debit cards and codes are also waived, but financial institutions are still allowed […]
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