MANILA, Philippines — The government is looking to propose subsidies for the vulnerable and the poor under next year’s budget to help those most affected by rising fuel and commodity prices. Socioeconomic Planning Secretary Arsenio Balisacan told reporters yesterday the government would no longer be able to ask for additional funding for targeted subsidies this […]
Read MoreThe draft circular amending several articles of Circular 39 prescribing lending transactions of credit institutions and/or foreign bank branches has raised concern about the congestion of capital flow into the real estate sector and high inflation. Capital to real estate sector gets stuck Do Quang Tung in Hanoi wants to buy an apartment in Thanh […]
Read MoreOVERALL factory activity in Singapore expanded at a slower rate in June, but growth in the key electronics sector gathered steam, according to latest figures from the Singapore Institute of Purchasing and Materials Management (SIPMM) on Monday (Jul 4). Singapore’s Purchasing Managers’ Index (PMI) was 50.3 in June, down 0.1 point from 50.4 a month […]
Read MoreThe Council for the Development of Cambodia (CDC) issued investment registration certificate for the construction of a new factory in Kampong Speu that would create about 700 jobs. According to the investment proposal for the garment factory project of HAO JIA LI (CAMBODIA) GARMENT CO., LTD, the Investment Committee of the CDC, the new factory […]
Read MoreDomestic tourism is expected to record the highest level of travel sentiment in the third quarter since the pandemic thanks to a shift towards an endemic approach and several long holidays, according to the Tourism Council of Thailand (TCT). Domestic tourism has kept up with positive signs as the number of local tourists planning their […]
Read MoreInterest rates on mortgages are expected to rise this year but will not surge to the levels they reached during the 1990s real estate boom, said Government Housing Bank (GH Bank) president Chatchai Sirilai. He said that GH Bank’s current average interest rate is 3%. If the Bank of Thailand raises the benchmark rate by […]
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