in part because they can’t buy property. In 2022, total personal-luxury-goods spending by South Koreans increased by 24%, a recent study by Morgan Stanley found, as reported in The Korea Times.
Bank of Korea governor emphasises sophisticated response to growth, financial risk
The governor of South Korea’s central bank said on Monday a more sophisticated monetary policy was necessary this year, citing risk to growth and financial stability major policy factors.
Impact of higher interest rates on Thai businesses and homebuyers
Concerns are rising among industry leaders that higher interest rates could negatively impact businesses, particularly small ones, and weaken the purchasing power of homebuyers.
Construction slowdown threatens Vietnam’s building materials industry
Vietnam building materials industry warned of a challenging 2023 with many suppliers on the verge of bankruptcy due to slow progres …
‘My sisters picked up by police’: Imran Khan amid tussle with Pakistan govt
Khan’s statement comes after Pakistan foreign minister Bilawal Bhutto-Zardari said that Khan was upset because the Pakistan Army was no longer supporting him.
Goldman Sachs sees ‘no quick fix’ for China’s ailing property sector even as developers rally the most since November
With China’s policy focus shifting to supporting strategically important industries amid falling demand and weaker housing affordability, it could weigh on the sector for years to come, according to Goldman Sachs.
Pivotal time to reset socio-economic model for prosperity: Hayleys Chief
Hayleys PLC Chairman Mohan Pandithage says Sri Lanka is facing its pivotal time offering a unique opportunity to “reset” socio-economic model and called for “collective sacrifices” by all to be more …
Saudi Arabia fastest in world as it takes a few minutes for e-disposal of property
The Najiz portal under the Ministry of Justice has been instrumental in accelerating the online judicial services, including the process of transfer of ownership and disposal of properties, …
Alba holds Reverse Insurance Roadshow with major insurance and reinsurance markets
Alba’s Reverse Insurance Roadshow covered the renewal of Alba’s Property Damage and Business Interruption (PDBI) and Alba’s Cyber Insurance policies, and was attended by representatives of Lloyd’s …
Property Finder Connect 2023 brings together Qatar’s real estate industry leaders
Following the resounding success of the first-ever Property Finder Connect in the UAE, the leading property portal in the MENA region expanded with the launch of Property …