SINGAPORE – The Covid-19 shock has affected Singapore’s domestic-oriented industries more severely than in past recessions, so economic recovery will likely take longer, the Monetary Authority of Singapore (MAS) said on Wednesday (Oct 28). MAS said the pace of recovery is expected to moderate in the quarters ahead, as firms and households continue to be restrained by […]
Read MoreJapan’s Tokyu Department Store has become the latest Japanese retailer to pull out of Thailand. The Tokyo-listed Tokyu group informed suppliers early this week that it plans to close its last department store branch at MBK shopping mall on Phaya Thai intersection in January next year. An MBK executive who asked not to be named […]
Read MoreAS ANOTHER conditional movement control order grips the key economic zones of KL and Selangor, now more than ever, Malaysia must work to counter the grave economic impact of Covid-19 with a bold, holistic and far-sighted policy. One critical area for Malaysia to enhance is its attractiveness as a destination for foreign direct investment (FDI), […]
Read MoreProperty insiders have welcomed the General Department of Taxations (GDT) decision to delay the enactment of “prakas 346” (the 20 percent capital gains tax on individuals) until 2022 just two weeks after it was approved by the Prime Minister on Oct 9. After its approval earlier this month, the industry had been preparing for the […]
Read MoreGrab Philippines may again seek the government’s permission to participate in the latter’s extended motorcycle taxi pilot run, an official said on Wednesday. During a virtual briefing, Ronald Roda, Grab Philippines head of transport and shared services, said his company might approach the Department of Transportation on reintroducing its GrabBike ride-hailing service after Malacañang decided […]
Read MoreSINGAPORE – In the midst of a global pandemic that has disrupted supply chains, Singapore has strengthened its status as a global logistics hub and sees the sector as one of the bright sparks in its economy going forward, said Trade and Industry Minister Chan Chun Sing on Tuesday (Oct 27). It is expected to grow as […]
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