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Malaysia: Better prospects seen for property developers

PETALING JAYA: Property developers are set to chart better sales performances in 2021, as market confidence is expected to grow with the commencement of the nationwide vaccine rollout. TA Securities said in a report that the prolonged low-interest-rate environment, abundant market liquidity and supportive government measures will help spur demand for properties. “Having said that, […]

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Philippines: Factory output drops faster in January

MANILA, Philippines — Manufacturing output declined at a faster pace in January as most industry groups suffered a contraction, the Philippine Statistics Authority said. Factory output, as measured by the Volume of Production Index (VoPI), dropped by 16.7 percent, significantly faster than the 12 percent decline in December 2020 and 1.9 percent growth in January […]

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Asia needs ESG to boost longer-term GDP growth: report

FOCUSING on green investments could stimulate economic growth in Asia, although there is a need to further improve the standardisation of data, a Deutsche Bank CIO report has suggested. The report cited an Oxford University study, which found a statistically significant relationship between a firm’s performance in environmental, social and corporate governance (ESG) and a […]

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Singapore outperforms other Asian benchmarks

SINGAPORE: Singapore could be the biggest comeback story for Asian equities this year. After becoming the region’s worst performer in 2020 following a 12% slump, the Straits Times Index has surged 9.1% to trounce all other major Asian benchmarks so far this year. That’s come in the wake of a tech rout that saw the […]

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