SINGAPORE: Singapore’s central bank said tail risks to global economic growth have increased “significantly” in the past six months because of a pick-up in inflation and trade tensions. “The world has clearly moved from trade tension to trade conflict,” Ravi Menon, managing director of the Monetary Authority of Singapore, told reporters at the release of […]
Read MoreMANILA, Philippines — The overall increase in prices of key consumer items spiked to a fresh five-year high in June, beating the central bank’s forecast for the month and market estimates. Inflation accelerated to 5.2 percent in June from May’s 4.6 percent. Year-to-date, inflation averaged 4.3 percent, above the Bangko Sentral ng Pilipinas’ 2-4 percent […]
Read MoreThe government will impose a 57 percent tax on electronic cigarettes, but its implementation has been postponed from July 1 to Oct. 1. The Finance Ministry’s technical and excise director, Nugroho Wahyu, said selling e-liquid without the additional tax was still allowed until Oct. 1. “We cannot implement the regulation starting on July 1 because […]
Read MoreLow spending on research and development, coupled with “shallow” digital infrastructure that includes some of the world’s slowest 4G speeds, will impede the progress of Thailand’s drive towards a digital future, according to The Economist Intelligence Unit (EIU). The country placed 49th out of 82 countries surveyed in the Technological Readiness Ranking for 2018‑22 released recently […]
Read MoreThe Hanoitimes – Vietnam’s e-commerce market has received big attention from foreign investors in recent years with most of big e-commerce firms operating in the country being foreign invested ones. Vu Viet Ngoan, head of Economic Advisory Team of the Prime Minister, said that out of 20 e-commerce businesses operating in Vietnam last year, as many […]
Read MoreSINGAPORE – There is euphoria in the Singapore property market, and developers, banks and home buyers should be cautious, said Mr Ravi Menon, managing director of the Monetary Authority of Singapore (MAS). Developers should be cautious when making their land bids, bearing in mind the supply that is coming on-stream, said Mr Menon on Wednesday (July 4). […]
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