Lowest in 15 months as Saudi workers repatriated MANILA, Philippines – After hitting record monthly levels in March, cash and personal remittances from overseas Filipino workers slipped in April, hitting their lowest levels in 15 months primarily due to the repatriation of workers from Saudi Arabia, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. BSP […]
Read MoreThe government yesterday launched its updated development strategy for the financial sector, setting out policies and challenges for both the banking and non-banking industry. The 124-page document looks back on the progress of the country’s financial sector in last 15 years and attempts to predict what must be done over the next decade. Chea Serey, […]
Read MoreA newly-approved Presidential Decree on Service Fees is set to give a significant boost to Small and Medium Enterprises (SME) and other promoted sectors, the government spokesman has said. The decree No 003 approved in principle last month by the government cabinet at its monthly meeting is being revised in accordance with recommendations made by […]
Read MoreSINGAPORE: Singapore home sales fell 34% in May as fewer new projects were launched. Developers sold 1,024 units last month, compared with a revised 1,558 in April, according to Urban Redevelopment Authority data released yesterday. A total of 339 new properties were offered, down from 1,616 in April, the data showed. Developers have still notched […]
Read MoreMANILA: Powered by China’s infrastructure push, Chinese construction steel producers are seeing their best profits in years, lording it over their high-value counterparts in a setback for Beijing’s years-long drive urging steelmakers to move up the value chain. As its manufacturing engine sputters, the world’s second largest economy is increasingly relying on infrastructure spending to […]
Read MoreKUALA LUMPUR: Malaysian palm oil futures on Thursday rose for a second consecutive session on the back of concerns over output growth, although the market had earlier shown mixed signals due to a stronger ringgit and weaker exports. A stronger ringgit, palm’s currency of trade, typically weakens the market as it makes palm oil more expensive for holders of foreign currencies. […]
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Thailand
