DEVELOPERS in Singapore sold 891 new private homes in May, down 29.7 per cent from April’s 1,268, URA data showed on Tuesday. Sales were likely dampened by the additional restrictions put in place to curb rising Covid-19 cases in the community. Including executive condominiums (ECs), which are a public-private housing hybrid, sales reached 1,230 units, […]
Read MoreThe baht opened at 31.12 to the US dollar on Tuesday, strengthening from 31.13 at close on Monday. The Thai currency is likely to move between 31.05 and 31.20 during the day, Krungthai Bank market strategist Poon Panichpibool said. He said the baht would tend to move sideways, while players in the market were awaiting […]
Read MorePETALING JAYA: Despite all the projections that Malaysia is on track to achieve high-income nation status, renowned economists are of the view that the country is not yet ready unless it carries out structural reforms. But the onus does not fall entirely on the government as the willingness to change still needs to come from […]
Read MoreGovernment support programs with better disbursement plans are needed to help those in need overcoming the current crisis. While nearly 60,000 enterprises temporarily suspended operation in the first five months of this year, up 23% year-on-year, many are still struggling for survival amid the fourth Covid-19 outbreak and in need of stronger support from the […]
Read MorePETALING JAYA: The two-week extension of the lockdown, although deemed necessary to break the chain of Covid-19 infections, is expected to weigh down the already struggling economy and corporate earnings of some of the hardest-hit sectors. With business and consumer sentiment taking a hit, only a comprehensive recovery strategy by the government, on top of […]
Read MoreJAKARTA: Indonesia’s export growth shot up on a yearly basis to an 11-year high in May, supported by high commodity prices and a low base effect, while imports also jumped as domestic demand rose, official data showed on Tuesday. Exports rose 58.76% to $16.60 billion, the biggest increase since January of 2010 due to a […]
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Thailand
