The baht opened at 32.88 to the US dollar on Friday, weakening from Thursday’s closing rate of 32.86. The Thai currency is likely to move between 32.80 and 32.95 during the day, Krungthai Bank market strategist Poon Panichpibool said. Poon said the baht was unlikely to strengthen anytime soon due to the worsening Covid-19 situation […]
Read MoreMANILA – The Philippines has tightened restrictions in the community and at the borders, as it confirmed the start of a new wave of Covid-19 infections – this time fuelled by the highly contagious Delta variant. The government on Friday (July 23) announced that its travel ban would now include Malaysia and Thailand. It has already denied entry […]
Read MoreMANILA, Philippines — The Bureau of Internal Revenue (BIR) has agreed to suspend the imposition of the 12 percent value-added tax (VAT) on local purchases of raw materials and packaging products of exporters, according to the Philippine Economic Zone Authority (PEZA) and House ways and means committee chairman Rep. Joey Salceda. The Philippine Exporters Confederation […]
Read MoreThe Bank of Thailand (BoT) has discussed with relevant authorities to seek ways to lower the country’s household debt, starting from co-operatives and student loans with a target to expand to cover farmer loans next year. The country’s household debt is made up of financial sources and loan sources, including those that are not under […]
Read MoreTHE year-long construction delays in Singapore’s industrial property market are beginning to see an end. In Q2 2021, total available stock increased by 374,000 square metres (sq m) compared to Q1, the largest quarterly rise since 2017. By the end of the third month in Q2, there were 50.5 million sq m of industrial space. […]
Read MoreHONG KONG (BLOOMBERG) – As the pandemic rages in Asia, offices are making a comeback. More companies based in the region expect they will need to increase office space in the near future, according to a survey conducted by CBRE Group. The study found that 66 per cent of Asia-based firms expect to add space […]
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