The new interest rate will be applied for loans used for purchasing, and leasing social housing projects and commercial ones having an area of under 70 square metres and VND15 million (US$634) per square metre. The interest rate for social housing loans will be lifted to 5 per cent per annum from the current 4.8 […]
Read MoreMANILA, Philippines — As widely expected, the Bangko Sentral ng Pilipinas (BSP) delivered a softer 50-basis-point hike at the last rate-setting meeting of the Monetary Board for the year, as inflation is seen accelerating further and peaking this month. This brings the benchmark interest rate to a 14-year high of 5.50 percent, the highest since […]
Read MoreThe Energy Regulatory Commission (ERC) has decided to maintain the power tariff at 4.72 baht per kilowatt-hour (unit), keeping electricity bills for households unchanged for the first four months next year, but it plans to increase the tariff imposed on businesses. Although the decision will help people deal with high living costs, Isares Rattanadilok Na Phuket, […]
Read MoreKUALA LUMPUR: Investment prospects in Malaysia have risen dramatically because of the country’s prolonged economic interaction with the global economy. “As the Malaysian economy undergoes transformation, we must continue to develop the people’s core competencies so that our workforce can compete effectively in the global economy for the benefit of the country, attracting high-tech investments […]
Read MoreThe Vietnamese Ministry of Foreign Affairs has taken note of problems and difficulties faced by foreigners when applying for visas to enter Vietnam, said deputy spokeswoman Pham Thu Hang on December 15. Deputy spokesperson for the foreign ministry Phạm Thu Hằng made the statement on Thursday during the press conference held in Hà Nội, in […]
Read MoreMANILA, Philippines — The Asian Development Bank (ADB) will lend $4.3 billion annually over the next three years to the Philippines to support infrastructure, climate change and agriculture projects. “We are discussing with the government our new country strategy and are looking at three core strategic pillars that are aligned to President Marcos’ eight-point socioeconomic […]
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Thailand
