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investment

Thailand has a whopping $41b in unsold homes

THAILAND has a total of 454,814 residential units worth US$41 billion left unsold last year, a local industry expert said. President of the Agency for Real Estate Affairs, Sopon Pornchokchai on Thursday said unsold units in Bangkok made of for 40 percent of the total units left over from 2018 …

US tries to balance values, economies in Asia

PHNOM PENH, Cambodia (AP) — The Obama administration now has a taste of the difficult diplomacy necessary to sharpen the focus of American power on Asia, seeking investment opportunities alongside reforms from rights-abusing governments and working with China while defending U.S. interests. From democratic Mongolia to once-hostile Vietnam and long-isolated …

Asia’s Next Booming Economy – Bloomberg

Myanmar’s conversion to democracy is breathing new life into a project with a terminally boring name: Greater Mekong Subregion.  This name was bestowed on an investment bloc that the Asian Development Bank put together in 1992. It was made up of Cambodia, Laos, Myanmar, Thailand, Vietnam and China’s Yunnan Province. …

Chavez, Capriles begin Venezuela campaigns

CARACAS, Venezuela (AP) — Venezuela’s presidential campaign officially began Sunday with President Hugo Chavez and opposition leader Henrique Capriles rallying their supporters for what promises to be a hard-fought contest leading up to the October vote. Chavez wore his red beret, waving and blowing kisses as he greeted crowds of …