The outbreak of the coronavirus has affected the property market in Bangkok, in particular the retail and condominium segments. People are travelling less and avoiding crowded places including shopping malls to reduce the risk of falling ill. “This event is hitting the retail market and has caused a significant decrease in traffic inside many shopping […]
Read MoreMANILA, Philippines — The amount of money sent home by Filipinos abroad hit record levels last year, piling up for six consecutive months going into the Christmas holidays, despite fears of a global recession and rising geopolitical tensions, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. Data released by the central bank showed personal remittances […]
Read MoreCambodia exported garments, footwear and travel goods worth $9.35 billion in 2019, a year-on-year increase of 11 percent, according to a report from the Ministry of Industry and Handicraft. The report was released at an annual meeting held yesterday for a review of 2019 and to set objectives for 2020. The report stated there were […]
Read MoreThe Excise Department has put on hold a process to consider levies on salty food and non-alcoholic beer until the Covid-19 epidemic is under control, its chief says. Given that containing the deadly virus outbreak is the top priority of the Public Health Ministry, which plays a vital role in mulling both excise taxes, such […]
Read MoreCoordinating Economic Minister Airlangga Hartarto has said that foreign investment rules – namely the priority investment list – may be issued by the government before the sweeping omnibus bills on job creation and taxation pass into law. Airlangga said the priority list would allow certain business sectors to get fiscal incentives such as tax holidays and super […]
Read MoreSINGAPORE’S official growth forecast for 2020 has been downgraded, with authorities bracing for the possibility of a contraction should the novel coronavirus outbreak be more severe than anticipated, a scenario that economists say could set the stage for further monetary easing. The Ministry of Trade and Industry (MTI) is expecting full-year gross domestic product (GDP) […]
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Thailand
