The government is reportedly backing down from its plan to allow wealthy foreigners to purchase up to one rai of land for residential purposes in return for investments, after the proposal drew fierce criticism. Chayawut Chanthorn, director of the Department of Land, said on Monday that Deputy Prime Minister Prawit Wongsuwon had approved the withdrawal of the […]
Read MoreFULL-YEAR economic growth expectations will have to be tempered given an expected third-quarter slowdown and the possibility of a further deceleration in the last three months of the year, analysts polled by The Manila Times indicated. With July-September results to be announced on Thursday, a survey of six economists led to a median growth forecast […]
Read MoreIndonesia’s economy expanded faster than expected in the third quarter, giving the central bank room to tighten policy further as consumption stayed resilient despite price pressures and higher borrowing costs. GDP rose 5.72 percent in the three months to September from a year earlier, the statistics office said yesterday. That is the fastest increase in […]
Read MoreMany shoppers are trading down to less expensive clothing and accessories — swapping Lululemon leggings for Uniqlo and expensive lingerie for Target bras and panties — as inflation eats into their disposable income and a rocky stock market erodes their wealth. The downshift raises concerns about the coming holiday season, historically a time when many people […]
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Thailand
