HONG KONG (BLOOMBERG) – Malaysia leads growth downgrades by economists across South-east Asia as the Delta variant forces countries to reimpose pandemic restrictions. Malaysia’s growth outlook for this year was downgraded the most, a swing of 1.4 percentage points to a 4.3 per cent expansion, according to the latest economist survey results compiled by Bloomberg. […]
Read MoreThe National Bank of Cambodia (NBC) will be maintaining exchange rate stability over the next quarter. The decision was announced as part of the 56th Monetary Policy Committee meeting results. That meetng was held last weekend. At the meeting, the current state of the global economy was discussed along with present macroeconomic challenges to financial […]
Read MoreCompanies in industrial parks (IPs) and export processing zones (EPZs) in HCM City will continue to operate despite stricter COVID-19 prevention and control measures being applied for two weeks starting on Monday. The HCM City Industrial Parks and Export Processing Zones Authority (HEPZA) has asked companies to continue the ‘three on-site’ model (work, eat, and rest at workplaces) or the ‘one route, two destinations’ model (workers […]
Read MoreMANILA, Philippines — The Philippine net oil import rose in the first six months of the year on the back of higher volume and cost as the global oil market recovered, according to latest data from the Department of Energy (DOE). The net import bill or the difference between oil imports and exports amounted to […]
Read MoreDeputy Finance Minister Santi Prompat says he will discuss with Finance Minister Arkhom Termpittayapaisith the new excise tax structure for cigarettes, which is under review, before proposing it for the cabinet’s consideration next month. A new flat tax rate of 40% was scheduled to be applied since October 2019, regardless of the retail price, but […]
Read MoreThe Thai industrial and logistics property sector has been proclaimed as the preferable market in these uncertain times for developers and investors. And while it has fared better than other commercial property sectors, it has not all been plain sailing, according to the property consultancy CBRE. The industrial and logistics market has undergone areas of […]
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Thailand
