Singapore: High wages flash recession warnings in Singapore Monday, 22 August 2016 – SaladStop owner Adrien Desbaillets has eased off on expansion plans for his organic food chain in Singapore because high wages are pressuring profit margins at a time when the affluent city-state is grappling with low growth and slack global demand. Instead Desbaillets […]
Read MoreSingapore: Oil prices fall as analysts say August price rally has been overblown Monday, 22 August 2016 – SINGAPORE: Oil prices fell on Monday as analysts doubted upcoming producer talks would be able to rein in oversupply, saying that Brent would likely fall back below $50 a barrel as August’s over 20-percent crude rally looks […]
Read MoreMalaysia: Ringgit slips against US$ early Monday Monday, 22 August 2016 – The ringgit opened lower against the US dollar on Monday on declining oil prices and a rebound in the US dollar, said a dealer. At 9.15 am, it was quoted at 4.0220/0270 to the greenback from 4.0105/0165 last Friday. The benchmark Brent Crude […]
Read MoreThailand: Central bank warns further baht gains may derail recovery Monday, 22 August 2016 – The Bank of Thailand is concerned further appreciation of the baht will hurt exporters and damage the nation’s economic recovery. The currency advanced to the strongest level in 13 months last week as overseas investors boosted their holdings of the […]
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