Property insiders have applauded the government’s move on capital gains tax collection but asked for its delay until the COVID-19 pandemic ends. Kim Heang, regional operating principal of the US-based real estate firm Keller William Cambodia, said it was a taxpayer obligation that is not a new thing in developing countries. He said some may […]
Read MoreMore foreign participation is forecast in Vietnam’s construction market over the coming years, buoyed by the gradual opening up of the Vietnamese economy to foreign investors and the Government’s emphasis on infrastructure development. The information was included in a recent report by Fitch Solutions on the outlook for Vietnam’s construction and infrastructure sector. According to […]
Read MorePETALING JAYA: A property research head and an economist continue to view the vacancy tax proposed by the Housing and Local Government Ministry with wariness. Economist Carmelo Ferlito said it is only “sound and wise” for developers to do market and financial feasibility studies before going into a project. “A feasibility study, or a business […]
Read MoreMANILA, Philippines — British banking giant HSBC warns of a possible double-dip consumer recession in the Philippines after Metro Manila and nearby provinces reverted to a stricter modified enhanced community quarantine (MECQ) as coronavirus disease 2019 or COVID-19 cases soared in August. In its latest ASEAN perspective, HSBC chief economist Joseph Incalcaterra said prospects for […]
Read MoreThailand’s current account surplus was $1.79 billion in July after a deficit of $247 million in the previous month, the central bank said on Monday. Exports declined 11.9% in July from a year earlier after tumbling 24.6% in June. Imports slumped 25.4% in July from a year earlier, resulting in a trade surplus of $4.11 […]
Read MoreThe ongoing global health crisis has left the Vietnamese coffee export industry in the lurch due to continued falls in price. According to the Ministry of Agriculture and Rural Development’s Department for Agricultural Products Processing and Market Development (DAPP), coffee exports in July witnessed an on-year decrease in both price (0.1 per cent) and volume […]
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