SINGAPORE – With consumption stymied by Covid-19 circuit breaker measures, overall inflation in Singapore turned negative in April for the first time since October 2016 on a sharp drop in car prices, while core inflation slid deeper into the same territory, official data released on Tuesday (May 26) showed. Core inflation, which excludes accommodation and private road […]
Read MoreThe government confirmed that it transferred some of its out-of-work allowances yesterday, issuing payments of up to $40 to more than 30,000 factory and tourism workers, whose jobs have been temporarily suspended because of the COVID-19 pandemic. According to the Ministry of Labour, a total of $684,294 was paid to 33,231 suspended workers from 83 […]
Read MorePublicly listed mineral miner PT Bumi Resources Mineral (BRMS) plans to issue US$52 million worth of new shares in a private placement this year to finish paying off a three-year-old debt penalty. The indebted miner is slated to sell all the shares to Singapore-based management consulting firm Wexler Capital Pte, to which BRMS owes the money. […]
Read MoreThe manufacturing production index (MPI) declined for a 12th straight month in April, down 17.21% from a year earlier, hit by lower production of cars, petroleum and beer amid the coronavirus outbreak, the industry ministry said on Wednesday. That compares with a forecast for a drop of 19.55% in a Reuters poll, and against March’s […]
Read MoreCambodia Central Bank has reiterated to banking and finance institutions the need to continue solving consumers’ issues with a soft approach aligned with the bank regulator’s regulations on loan restructuring for all sectors. During a workshop called Consumer Protection of Banking and Finances on the Outbreak of COVID-19, held in Battambang and Banteay Meanchey this […]
Read MoreProf Nguyen Mai, an expert on FDI, and chair of the Vietnam Association of Foreign Invested Enterprises (VAFIE), pointed out three problems in the picture of FDI in Vietnam. First, the scale of foreign invested projects licensed in the first four months of the year was very small. If not counting the LNG gas-fired power […]
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Thailand
