MANILA: Warm and humid weather due to the easterlies will prevail across the country on Monday, a forecaster said. “Only a few rain showers (due to) localized thunderstorms will be experienced,” Philippine Atmospheric, Geophysical and Astronomical Services Administration (PAGASA) forecaster Benison Estareja said. He added that PAGASA is not seeing any weather disturbance that could enter the country in the next three days. Up to 33 °C temperature will prevail over Metro Manila, Tuguegarao and Kalayaan Islands. “Most of Luzon will experience fair and sunny weather,” Estareja said, adding that only isolated rain showers are likely. The temperature in Davao and Zamboanga may reach up to 34 °C. Up to 32 °C temperature is expected over Cebu, Tacloban and Cagayan de Oro. Estareja said isolated rain showers in the Visayas and Mindanao are more likely in the afternoon or evening. Meanwhile, PAGASA forecast light to moderate winds and slight to moderate seas to prevail across the archipelago.
Source: Philippines News Agency
Hanoi: A member of Thailand’s richest family is partnering with an asset manager in the Hong Kong Special Administrative Region (China) to invest in luxury real estate in Southeast Asia.
Chatchaval Jiaravanon, member of the billionaire family that owns conglomerate Charoen Pokphand Group, is leading a group of investors in CMAG Funds, the new investment pool managed by Wonder Capital Group.
According to Gigi Chan, founder and CEO of Wonder Capital, together with Thai real estate agency IFCG, they’re targeting high-end properties in the region, with plans to raise as much as 100 million USD.
In a statement, Chan expressed her belief that the Southeast Asia market is one of the most promising opportunities for global investors.
CMAG’s first investment project will be Cambodia’s tallest building, Mesong, which is scheduled to be completed in 2025, she said./.
Source: Vietnam News Agency