SINGAPORE – Private-sector analysts have raised their forecast for Singapore’s economic growth in 2021 for the third time this year, according to the latest quarterly survey released by the Monetary Authority of Singapore (MAS) on Wednesday (Sept 1). They expect Singapore’s gross domestic product (GDP) to expand 6.6 per cent this year, slightly higher than […]
Read MoreTen years ago, wealthy people said ‘no’ to properties located far from the center of cities, but more are now moving from the crowded inner city to the suburbs, where they can enjoy fresh air and less noise. Analysts say that the pandemic has had a great impact on the real estate market. The social […]
Read MoreCambodia Trade, an online marketplace for small and medium enterprises (SMEs), is scheduled to operate officially in weeks after 16 firms were approved by the Ministry of Commerce to display their products. Pen Sovicheat, spokesman at the Ministry of Commerce, said: “The Ministry of Commerce just signed with Wing Bank on a digital payment system. […]
Read MoreMANILA, Philippines — Bank lending continued to contract in July, albeit at a milder pace, but the recent return to harsh lockdowns may reverse some gains. Excluding lending to each other, outstanding loans of big banks fell 0.7% year-on-year in July to P9.12 trillion, the Bangko Sentral ng Pilipinas reported Wednesday. This drop was slower compared […]
Read MoreKUALA LUMPUR, Sept 1 — Business activity slowed down markedly in the first half (H1) of 2021 as the tightening of Covid-19 lockdowns put further strains on the manufacturing sector, according to a biannual industry survey. In the business conditions survey jointly conducted by the Federation of Malaysian Manufacturers (FMM) and the Malaysian Institute of Economic Research (MIER), more than […]
Read MorePublic confidence will be a key factor in boosting the economy after the government eased its strict Covid-19 pandemic restrictions, according to an executive at the Bank of Thailand (BoT). The loosening of the rules, which starts on Wednesday, will bring relief to businesses which had been constrained by the restrictions of recent months. However, […]
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