MANILA, Philippines — Money sent home by Overseas Filipino Workers (OFWs) recovered in July, recording the fastest growth in nine months, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. BSP Governor Benjamin Diokno said personal remittances went up by 7.2 percent to $2.87 billion in July from $2.67 billion in the same period last year. […]
Read MoreKUALA LUMPUR: Two pressing issues facing Malaysia’s housing sector are pricing and valuation, according to the Board of Valuers, Appraisers, Estate Agents and Property Managers president Ahmad Zailan Azizuddin. “The valuation of new houses, of new housing schemes, cost, pricing and valuation are pressing issues. “Does cost equal value? What are the ways to mitigate […]
Read MoreThe Lao and Cambodian governments have signed a joint communiqué, marking the start of a new era in relations and cooperation between the neighbouring nations. Prime Minister Thongloun Sisoulith and his Cambodian counterpart, Hun Sen signed the communiqué on September 12, in Phnom Penh, Cambodia, outlining the new directions of the bilateral cooperation which the […]
Read MoreSINGAPORE: Singapore saw its lead over Hong Kong shrink to just a whisker in the battle to be Asia’s biggest foreign-exchange currency hub. To keep its advantage, the island state wants to attract more companies to set up electronic trading platforms. Average daily trading in Singapore jumped 22% to a record $633 billion in April […]
Read MoreZero-interest unsecured loans and online shopping are blamed for the country’s swelling household debt, says the Bank of Thailand’s chief. Previous administrations’ tax rebates for first-time car buyers, financial institutions’ promotional campaigns, and changing consumer behaviour in the digital era are also factors spurring retail loan demand and debt accumulation, said central bank governor Veerathai […]
Read MoreSingapore’s limited exposure in terms of trade and investment in Britain could see the Republic emerge relatively unscathed from Brexit, which remains mired in uncertainty after a chaotic parliamentary session in Britain last week, analysts said. Singapore’s trade with Britain accounted for only one per cent of its total exports and 2.1 per cent of […]
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