SINGAPORE: DFS Group Ltd’s job cuts in Singapore have prompted a rebuke from the city-state’s authorities, shining a spotlight on how handling retrenchments are a delicate matter in the country that is anticipating elections soon. The duty-free operator last week formally terminated jobs of its airport workers, effective in June when it exits selling alcohol […]
Read MoreCambodian rice exports in the first nine months of the year rose two per cent year-on-year, led by the Chinese market, a Cambodia Rice Federation (CRF) report said. Rice exports to China increased more than 44 per cent, the report said, while exports to the EU dropped nearly 30 per cent. Total rice exports during […]
Read MoreMANILA, Philippines (Update 2, 10:51 a.m.) — Consumer price growth continued its downtrend in September to post the slowest rate in three years on the back of lower food prices and utility costs, the Philippine Statistics Authority reported Friday. Inflation eased to 0.9% in September, slower than 1.7% registered in August and 6.7% recorded a year ago. […]
Read MoreKUALA LUMPUR: Malaysia’s trade performance disappointed in August as exports slipped by 0.8% on-year (y-o-y) to RM81.36bil compared a Bloomberg survey of a 2.7% increase due to weaker exports of mining products. The Ministry of International Trade and Industry (MITI) announced on Friday lower exports were recorded to Hong Kong, Australia, Taiwan, China, New Zealand, […]
Read MoreThe Cambodia-born tech start-up Meal Temple Group is introducing a new business model offering a ride-hailing service in Laos. Called DriveUp.app, which is a joint venture company between Kiwipay.la and Meal Temple Group Pty Ltd in Laos, it provides taxis, tuk-tuks, and samlors for the first time in the country, the company’s official said. Launching […]
Read MoreMANILA, Philippines — DBS Bank Ltd. of Singapore expects the Bangko Sentral ng Pilipinas (BSP) to slash interest rates by another 50 basis points until the first quarter of next year as it lowered the country’s gross domestic product (GDP) growth forecast for this year. Masyita Crystallin, economist for the Philippines and Indonesia at DBS, […]
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Thailand
