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Singapore’s 2022 growth to be ‘slower but still above-trend’; employment may not reach pre-pandemic levels: MAS

SINGAPORE’S economic growth in 2022 is expected to be slower than in 2021, but still above trend, the Monetary Authority of Singapore (MAS) said in its latest Macroeconomic Review on Thursday (Oct 28). While the MAS did not put a number to “above-trend growth”, private-sector economists generally see Singapore’s pre-Covid trend growth as being somewhere […]

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Thailand: Call for condo reform to lure foreigners

The government has been urged to simplify money transfers and provide more medical staff to support wealthy pensioners if the country wants to boost the economy through foreign property ownership. Atip Bijanonda, vice-chairman of the Board of Trade of Thailand, said money transfer procedures for foreigners buying condos was currently a tremendous obstacle as the […]

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Philippines – BSP: Economy gaining traction

Manila, philippines — The economy is showing concrete signs of recovery from the pandemic, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said. In a virtual forum yesterday, Diokno said the accelerated vaccination rollouts, granular lockdowns and the continued implementation of health safety protocols “have allowed the Philippine economy to gradually reopen and for workers […]

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