SINGAPORE – More wealthy Singapore-based investors are thinking of relocating their family members – either to the Republic or elsewhere – than their peers in the region, according to a report out on Tuesday (Oct 26) by Swiss private bank Lombard Odier. These high net worth investors (HNWIs) are also the most concerned about overheating stocks […]
Read MoreMANILA, Philippines — The Philippines incurred a budget shortfall of P180.91 billion in September, bringing the total budget gap from January to September to P1.139 trillion as the government’s pandemic-related expenses continue to surge, the Bureau of the Treasury (BTr) said yesterday. The nine-month deficit was nearly 30 percent higher than the P879.21 billion shortfall […]
Read MoreSome of the world’s biggest companies are betting consumers will keep paying more for products from coffee to toilet paper. Corporate giants including Procter & Gamble Co., Nestlé SA and Verizon Communications Inc. say they plan to continue raising prices or pushing customers to buy more expensive products into 2022 to offset fast-growing costs amid […]
Read MoreThe baht hit its lowest point in a month, opening at 33.05 to the US dollar, down from Monday’s closing rate of 33.15. The Thai currency is likely to move between 33.25 and 33.45 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon predicted that the baht would drift sideways. A factor that […]
Read MoreThe cabinet on Monday approved a draft decree to regulate digital platform service businesses to maintain financial and commercial stability and to prevent damage to the public, government spokesman Thanakorn Wangboonkongchana said. Such businesses, both in and outside of Thailand, will need to notify the government before operating, he said in a statement. The law […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has revived plans to use plastic or polymer to print banknotes that are more hygienic, environment friendly, durable and secure than the cotton and abaca fiber composite being used now. In a virtual press briefing, BSP Deputy Governor Mamerto Tangonan said the central bank is currently […]
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