MANILA, Philippines — Building activity fell by 65.5 percent annually in the second quarter of the year, the height of pandemic-control lockdowns, the Philippine Statistics Authority (PSA) reported. Based on the PSA’s Construction Statistics from Approved Building Permits: Second Quarter report, the number of construction projects during the period declined to 16,004 from 46,453 projects […]
Read MoreConsumer sentiment rose to a nine-month high in November, mainly driven by higher consumption thanks to the government’s co-payment scheme that subsidises 50% of food and goods purchased at small shops, and the Shop and Payback tax rebate scheme. The University of the Thai Chamber of Commerce (UTCC) reported yesterday the consumer confidence index rose […]
Read MoreThe chairman and CEO of Sihanoukville Autonomous Port, HE Lou Kim Chhun, has received a 2020 Spring Conferment of Decorations from the Japanese government for his contributions in promoting the relationship between Japan and Cambodia in the field of port development. Kim Chhun spoke of his achievements and experiences developing Sihanoukville Port – the Kingdom’s […]
Read MoreAlong with the signing of the Regional Comprehensive Economic Partnership, ASEAN as chaired by Vietnam is calling for more intra-investment and foreign direct investment into the region, in an aim to make the bloc more affluent, with Vietnam surging to become a bright spot for funding. In April 2019, the Trade in Services Agreement (ATISA) […]
Read MoreMANILA, Philippines — The Philippines successfully raised $2.75 billion from its dual-tranche offering of dollar-denominated bonds, securing the lowest coupon rate ever achieved by the government in the debt market, top government officials said yesterday. In a text message, National Treasurer Rosalia de Leon said the government sold $1.25 billion worth of 10.5-year bonds and […]
Read MoreThailand needs to reform tax structures to boost income and prepare for new challenges in the future, Finance Minister Arkhom Termpittayapaisith told the Forbes Forum 2020. Speaking as a keynote speaker at “Forbes Thailand: Thailand’s Mega Trends Forum 2020”, which explored the mega-trends and their impact, Mr Arkhom said there are five current global trends […]
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