SINGAPORE – New private home sales in the final month of 2021 were hit by property cooling measures that kicked in in the second half of December on top of the usual year-end seasonal lull. Sales slumped 58 per cent to 650 units last month from 1,547 units in November, according to Urban Redevelopment Authority (URA) data […]
Read MoreGlobal tourism is on its way to a “long-term, sustainable recovery” as more travellers and countries recognise the endemic nature of Covid-19, according to hotel operator Banyan Tree Holdings Ltd. Hotels in tourism-reliant Thailand, which kept its so-called Phuket Sandbox open as a pathway for international travellers to skip quarantine, hasn’t seen major cancellations after […]
Read MoreSINGAPORE – The trading of digital payment tokens (DPTs), commonly known as cryptocurrencies, is highly risky and not suitable for the general public, said the Monetary Authority of Singapore (MAS) as it issued a new set of guidelines for DPT service providers on Monday (Jan 17). The guidelines, which take effect immediately, set out the […]
Read MoreAuthorities in Laos have officially authorized two licensed cryptocurrency exchange platforms to operate in the country. The Bank of Laos (BOL) has granted their Agreement in Principle for Cryptocurrencies Exchange Platform to LDX (Lao Digital Assets Exchange Co.), a joint venture between AIF Group and Phongsupthavy Group, and to Bitqik, a subsidiary of Simuong Group. […]
Read MoreThe government is inching towards imposing taxes on some products and ending tax waivers to ensure fiscal stability and expand the tax base. Thailand’s economy has suffered from the prolonged pandemic, causing the government to introduce two emergency loan decrees to allow it to borrow 1.5 trillion baht in total to mitigate the impact. The […]
Read More[JAKARTA] Indonesia will introduce new tax breaks on property and car sales this year in a bid to accelerate its economic recovery from the Covid-19 pandemic as authorities prepare for the spread of the Omicron variant, top officials said on Sunday (Jan 16). New coronavirus infections in Indonesia rose to 1,054 on Saturday, the highest […]
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Thailand
