SINGAPORE: Singapore’s central bank is reviewing its 1.5%-2.5% economic growth forecast for this year and isn’t ruling out off-cycle monetary easing as the US-China trade war roils the export-dependent economy, its chief Ravi Menon said. Singapore’s economy is expected to grow at its slowest pace in a decade this year, and some are predicting a […]
Read MorePUTRAJAYA: The government is currently designing a Cost of Living Index to complement the existing Consumer Price Index (CPI), said Finance Minister Lim Guan Eng. Unlike the CPI, which tracks the general change in consumer prices, the new index would determine the minimum living cost required for a person to live comfortably, he said. “It […]
Read MoreVisa cardholders made 15% more transactions and spent 6% more during Songkran this year than they did last year, adding to signs that digital payment is on the rise. The findings indicate that more Thais are embracing digital payment to make purchases both in stores and online as the country pushes towards becoming less cash-dependent, […]
Read MoreMANILA, Philippines — The Insurance Commission (IC) has tightened the rules on the investments of pre-need companies in savings or time deposits and unit investment trust funds (UITFs) to ensure that they are investing in well-managed funds. Last June 21, Insurance Commissioner Dennis Funa issued IC Circular Letter 2019-29, which clarified the rules on the […]
Read MoreSINGAPORE: Singapore Airlines and Malaysia Airlines have signed a preliminary agreement to explore a wide-ranging strategic partnership that could include more codeshares as well as cargo and aircraft maintenance, the companies said on Thursday. The cooperation between the airlines, which split out from Malaysia-Singapore Airlines in 1972, comes amid financial trouble at Malaysia Airlines. The […]
Read MoreDigital disruption and workforce management are challenges at the forefront of billionaire families’ minds, requiring tycoons’ successors to turn their skills towards administrative upheaval. On Thursday, Bangkok Post Plc held Forbes Thailand Forum 2019, “The Next Tycoons”, attended by billionaires and influential business people. Piti Bhirombhakdi, director of Boon Rawd Brewery Group, said every business […]
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