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Thailand: Finance minister quells bubble talk

Finance Minister Apisak Tantivorawong has rushed to dispel concerns that there is a local property bubble. Developers typically trim supply if a bubble forms to prevent losses, but they are continuing to introduce a large amount of supply, which suggests they believe demand will prevail, he said. However, the central bank must analyse the risks […]

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Malaysia: Higher budget deficit seen

KUALA LUMPUR: The budget deficit target for 2019 could be raised to 3% of gross domestic product (GDP) from the targeted 2.8% this year, Socio-Economic Research Centre’s (SERC) executive director Lee Heng Guie (pic) says. “I believe the deficit will be at a slightly higher level than the 2.8% mainly due to the lower revenue […]

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Thailand: Investors interested in BOI incentives for EEC

Aviation investors from France are interested to expand their investment in the aviation industry in the Eastern Economic Corridor or EEC after visiting Thailand and hearing about investment incentives from the Board of Investment or BOI, said Duangjai Asawachintachit, BOI secretary-general, yesterday. She said after meeting with French investors who visited the office and EEC […]

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