SINGAPORE factory output fell again in May, after a brief reprieve the month before. Industrial production was down by 2.4 per cent on the year prior, worse than private economists’ prediction of a 1.8 per cent decline, according to preliminary Economic Development Board numbers out on Wednesday. When biomedical manufacturing was left out, factory output […]
Read MoreCHINESE investment in the region’s manufacturing sector will intensify in the upcoming decade as China uses its Belt and Road Initiative (BRI) to reorientate the global supply chain towards Asean in response to its trade battle with the United States, a geopolitical expert predicts. “The Asean region will soon become a new base for China’s […]
Read MoreThe Monetary Policy Committee (MPC) voted unanimously on Wednesday to maintain the policy rate at 1.75 per cent, MPC secretary Titanun Mallikamas said. The committee said it expects the economy to expand at a slower pace than previously predicted due to a drop in exports, though inflation is projected to be in line with the […]
Read MoreECONOMISTS expect a majority vote in favour of keeping the policy rate on hold when the Bank of Thailand’s Monetary Policy Committee (MPC) meets on June 26. Pipat Luengnaruemitchai, assistant managing director at Phatra Securities Plc, said the MPC was likely to maintain the rate at 1.75 per cent, but might consider a reduction in […]
Read More‘BIBD NEXGEN – a platform that connects everyone’ was launched last year as a platform that encapsulates all digital services offered by Bank Islam Brunei Darussalam (BIBD), paving the way for increasing interconnectivity through strategic alliances with institutions from different industries, further spearheading the drive for financial inclusion as part of BIBD’s efforts to support […]
Read MoreElectricity rates will increase substantially beginning in July for both residential and business users in the first changes in tariffs in five years, the Ministry of Electricity and Energy (MOEE) announced yesterday. The proposal by the MOEE to raise prices was approved by parliament in April. Under the new rates, residential households and religious buildings […]
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