SINGAPORE’S exports defied economist expectations to post an unexpected decline last month. Non-oil domestic exports (NODX) shrank 5.9 per cent in February from the same month a year earlier. This was the first decline since September last year and was likely due in part to the Chinese New Year, which started on Feb 16. The […]
Read MoreTesco Lotus Thailand has launched its biggest discount programme ever as sales of fast-moving consumer goods (FMCG) are expected to dip 1% this year — the largest fall in recent history. Domestic sales of FMCG, including food, increased 1.7-2.6% for retailers between 2014 and 2016. The projected decrease this year is in large part driven by […]
Read MoreThe strange saga of cryptocurrency company Entapay falsely claiming the endorsement of the Cambodian government continued yesterday when the firm issued a press release alleging that it had the support of the Royal Cambodian Armed Forces (RCAF) – a claim denied by military officials. Entapay’s press release says that company officials met a “Benxian Xing”, […]
Read MoreMANILA, Philippines — Foreign portfolio investments reverted to a net outflow in February as investors cashed in their profits with the impending rate hike by the US Federal Reserve. Data released by the Bangko Sentral ng Pilipinas (BSP) showed foreign portfolio investments, or hot money, booked a net outflow of $545.14 million in February, a […]
Read MoreSINGAPORE: The number of foreigners working here fell by 32,000 last year, the biggest drop in 15 years, even as more locals were employed. The fall was more than 10 times the drop of 2,500 in 2016. This is the steepest decline in the pool of foreigners employed in Singapore since 2002, when it contracted […]
Read MoreIndonesia’s foreign debt reached US$375.5 billion in late January or a 10.3 percent growth compared to the same month last year, Bank Indonesia (BI) said on Thursday. The central bank added that the increase in foreign debt was mostly used to finance infrastructure projects and other productive activities. It said the government and BI debts […]
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Thailand
