Business sentiment rose for the fourth straight month in September, boosted by improving prospects, state relief measures to help people and companies struggling with the sagging economy and stable retail oil prices. The University of the Thai Chamber of Commerce (UTCC) said the TCC Confidence Index, which gauges the sentiment of the business sector and […]
Read MorePETALING JAYA: Positive trends in the job market in August are indicators that the economy is gradually recovering as a result of government efforts and initiatives, with support from the industry. The labour market remained relatively stable with the number of unemployed decreasing marginally by 3,500 persons to 741,600 in August compared with July. However, […]
Read MoreA record 340 billion baht moved out of mutual funds in Thailand in the first nine months this year, leaving a total of 4.8 trillion baht, down 11.6% from the end of last year. Chayanee Juengmanon, senior research analyst at Morningstar Thailand, said some of the funds likely moved to bank deposits, while the value […]
Read MoreSINGAPORE’S central bank kept monetary policy settings unchanged at its half-yearly review on Wednesday, as market watchers had expected. The neutral position, taken after two straight rounds of easing, came as the economy is tipped to recover in 2021, but with weak underlying momentum. Amid the global economic downturn of the Covid-19 pandemic, the Monetary […]
Read MoreTHE latest wave of Covid-19 infections in Malaysia threatens the momentum of the country’s recovery, as reintroduced restrictions hamper growth in key economic regions, said economists this week. Malaysia’s fourth quarter gross domestic product (GDP) performance hinges upon the virus fight, said OCBC economist Wellian Wiranto. The government has announced a return to a conditional Movement Control […]
Read MoreSINGAPORE’S third-quarter economic growth staged a rebound from the deep contraction seen during its “circuit-breaker” period but has continued to stay in negative territory, according to advance estimates released by the Ministry of Trade and Industry (MTI) on Wednesday. Gross domestic product (GDP) grew by 7.9 per cent in Q3, on a quarter-on-quarter seasonally-adjusted basis, […]
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