sin01
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Singapore business sentiment remains downbeat but more optimism in manufacturing, financial sectors

BUSINESS sentiment among local firms remains downbeat for the third quarter of this year, but has improved from the previous quarter’s record low amid the economy’s gradual reopening.  Particularly, the manufacturing and financial services sectors anticipate a slightly better outlook ahead, according to the Singapore Commercial Credit Bureau’s (SCCB) latest quarterly survey released on Tuesday.  “With […]

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Philippines: BSP intervenes to keep peso below 50:$1

MANILA, Philippines — The peso managed to stay below the 50 to $1 level despite shedding 10 centavos as the Bangko Sentral ng Pilipinas (BSP) continues to intervene in the foreign exchange market to smoothen the volatility of the local currency. The peso closed at 49.90 to $1 yesterday, weaker than last Friday’s 49.80 to […]

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indo01
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Indonesia: Govt hopes to boost homeownership through new Tapera program, but employers, workers concerned about fees

The government aims to boost homeownership in Indonesia through its public housing savings program (Tapera), which requires employers and workers to contribute to a mortgage loan scheme similar to universal healthcare insurance. However, some employers and workers have said the program will be an added burden. Public Works and Housing Ministry Infrastructure Financing Director General […]

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Thailand – ASP: Slower growth and exports tether baht

The baht’s appreciation is not expected to be as profound as last year’s surge because a lower current account surplus is projected thanks to slower growth in exports and tourism, says Asia Plus Securities (ASP). The local currency’s value against the greenback strengthened from 33 in early April to 31.44 yesterday as of press time. […]

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