SINGAPORE’s financial services sector has remained resilient against the economic toll of the Covid-19 pandemic, creating some 1,900 net jobs for Singaporeans in the first half of the year. But this trend may not be here to stay, as rising demand for tech roles in the industry continues to outstrip the ability to build up […]
Read More[BANGKOK] Thailand will ease rules on capital outflows to cool a currency rally that’s threatening to derail a rebound in exports and the economy’s recovery from the pandemic. “Following the US elections and positive news on Covid-19 vaccine development, investors have turned toward investing in emerging markets, including Thailand,” the Bank of Thailand said in […]
Read MoreThe government’s fiscal gap ballooned year-on-year to P61.4 billion in October amid lower revenues and expenditures during the month, according to the Bureau of the Treasury (BTr). Data from the Treasury bureau showed on Wednesday that the shortfall was bigger than the P49.3-billion deficit a year earlier, but smaller than the P138.5-billion gap in September. […]
Read MoreSINGAPORE’S factory output fell 0.9 per cent year on year in October with a decline in electronics output, confounding economists’ expectations of a 7.3 per cent growth, Singapore Economic Development Board figures showed on Thursday. It was a sharp about-turn from September’s revised growth figure of 25.6 per cent, which had been boosted by the […]
Read MoreAmid Covid-19 restrictions between bilateral BCF zones, Myanmar has allowed cargo trucks from Thailand to come up to Myawady trade zone as of November 23 under the instruction of the Kayin State government to facilitate commodity flow. “Our trade activities are a main thing. Currently, bilateral trade activities are being carried out between the BCF […]
Read More[JAKARTA] Indonesia’s lenders are pushing back against central bank pressure to further lower interest rates for their customers, a step policymakers believe can help pull the economy out of recession. The banks say the real problem is that people don’t want to borrow in the first place. Loans shrank in October for the first time […]
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