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Cambodia: Gov’t is heeding private sector’s calls for adjustment to business visitors’ compulsory quarantine

The Cambodian government is looking seriously at adjusting compulsory quarantine to facilitate visits by investors, businesspeople and employers as a means of revitalising the economy. The move is being considered after the private sector raised concerns about compulsory quarantine for non-residents, business owners, employers and employees travelling into Cambodia. The discussion on the matter was […]

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Thailand: BoT cuts 2021 GDP rise to 0.7%

The Bank of Thailand (BoT) has slashed its economic growth projection for this year again to 0.7% as the third wave of Covid-19 has had a more severe impact on the country’s economy since the central bank conducted its earlier projection. The BoT’s Monetary Policy Committee (MPC) meeting on Wednesday decided to cut GDP growth […]

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ESR to buy Singapore-based ARA for $7b, creating Asia’s biggest real estate fund manager

SINGAPORE – Hong Kong’s ESR Cayman will buy the entire share capital of Singapore-based ARA Asset Management (ARA) for US$5.2 billion ($7 billion), the companies said on Thursday (Aug 5). This will create Asia Pacific’s biggest real asset fund manager and the world’s third-largest listed real estate asset manager.  If the deal goes through, the combined entity […]

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Thailand: EEC investment to hit B2.5tr in 2027

The government expects private investment in the state flagship Eastern Economic Corridor (EEC) scheme to reach as much as 2.5 trillion baht in 2027, playing a key role in driving economic growth during that period. Kanit Sangsubhan, secretary-general of the EEC Office, said his office is feeling upbeat that private investment in the EEC will […]

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