PRIVATE-SECTOR economists have sharply lowered their full-year growth forecast for Singapore to 0.6 per cent, down from an earlier 2.1 per cent prediction in June, in the Monetary Authority of Singapore’s (MAS) quarterly survey of professional forecasters on Wednesday. This is in line with the government’s official forecast range of growth between zero and 1 […]
Read MoreYangon’s Regional Tourism Committee recently announced that investments totalling US$238 million and K119.63 billion were approved for the region’s hotels and tourism sector between May and August. In the same period, the committee approved investments for 33 new hotels and eight guest houses, approved 18 new hotels, 400 new travel agencies, and 200 tour guides. […]
Read MoreKUALA LUMPUR (Bernama) — S&P Global Ratings is maintaining a stable outlook on all Malaysian banks but flags external challenges and the financial technology (fintech) effect that could radically disrupt their industry. Malaysia’s banks are battling on multiple fronts namely a trade war, a China-led regional economic slowdown, dampened domestic business sentiment, and continuously soft […]
Read MoreSINGAPORE: Economists have sharply cut their forecasts for Singapore’s economic growth in 2019, citing trade tensions and a slowing China as the top risks to the financial hub, a central bank survey showed on Wednesday. Singapore’s gross domestic product is expected to increase 0.6% this year, according to the median forecast of 23 economists surveyed […]
Read MoreThe Stock Exchange of Thailand has announced that four securities face a possible de-listing due to failure to submit last year’s financial statements. The securities are Inter Far East Energy Corporation Plc (IFEC), KC Property Plc (KC), KTech Construction Plc (KTECH) and Rich Asia Corporation Plc (RICH). “These companies have failed to submit their yearly […]
Read MoreMANILA, Philippines — Despite a modest improvement in manufacturing conditions in August, the Philippines led the recovery in business conditions in the ASEAN region during the month, according to the IHS Markit ASEAN Manufacturing Purchasing Managers’ Index (PMI). Operating conditions in ASEAN manufacturing firms deteriorated at the fastest pace since November 2015 in August as […]
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