SINGAPORE: Singapore’s economy has almost recovered the output lost during the first half of 2020, although its growth momentum eased in the first quarter of this year. But while the outlook for Singapore’s economy has improved, projected growth outcomes across sectors have become even more lopsided than previously predicted, the Monetary Authority of Singapore (MAS) […]
Read MoreBetter prospects for the construction industry are expected to further push up the Construction Materials Price Index (CMI) in the second quarter, following its rise the first three months this year, driven by higher steel prices. The index, which indicates price changes in 134 construction materials in 12 provinces, increased by 5.4% year-on-year to 110.2 […]
Read MoreLocal construction firms face the risk of bankruptcy as the price of steel has soared 40 percent recently. The price of construction steel is now nearly 19,000 VND per kg and with the material accounting for about 28 percent of the building cost for an apartment and 35 percent of the cost of a semi-detached house, insiders […]
Read MoreThe private sector has pledged to move forward and collaborate with the government to speed up vaccine distribution and seek alternative vaccines to build up the country’s confidence. Sanan Angubolkul, the newly-appointed chairman of the Thai Chamber of Commerce (TCC) said on Wednesday after meeting with Prime Minister Prayut Chan-o-cha that 2,629 companies are set to […]
Read MoreWhile the lingering lockdown and spillover effects from the recent spate of COVID-19 cases clouds all economic predictions in Cambodia with uncertainty, Asian Development Bank’s (ADB) Cambodian branch believes recovery is on the horizon for the economy this year and next, with annual growth of 4 and 5.5 percent, respectively. The team discussed Cambodia’s status […]
Read MoreA new round of restrictions aimed at containing the fresh wave of Covid-19 will shake the Thai economy’s fragile recovery from its 2020 slump, says CIMB bank. The bank has revised down its GDP growth forecast for 2021 from 2.6 per cent to 2.2 per cent. The Bank of Thailand has already signalled it will […]
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Thailand
