SINGAPORE – Retail sales in Singapore fell in August from a year ago, with motor vehicle sales taking a hit amid a lower certificate of entitlement quota this year. Takings at the till dropped 2.8 per cent year on year in August, snapping six months of increases that owed much to comparisons with last year, which […]
Read MoreKUALA LUMPUR, Oct 5 — The ringgit ended lower against the US dollar today as the greenback was supported by the expected positive momentum from the ISM Manufacturing Purchasing Managers’ Index data due later in the session, a dealer said. At 6pm, the local note fell to 4.1785/1795 versus the greenback from Monday’s closing of […]
Read MoreThe Ministry of Planning and Investment has projected the country’s gross domestic product (GDP) growth in 2021 at 3%-3.5%, down 0.5 percentage points from the rate forecast in September. At a press briefing on October 2, Deputy Minister of Planning and Investment Tran Quoc Phuong said the forecast was made based on the country’s socioeconomic […]
Read MoreMANILA, Philippines (Update 1, 12:14 p.m.) — Consumer price growth eased in September, beating expectations of a faster climb and supporting the central bank’s decision to keep its easy money policy as the pandemic drags on. Inflation, as measured by the consumer price index, went up 4.8% year-on-year in September, a softer uptick than 4.9% recorded in […]
Read MoreThe National Assembly of Cambodia ratified the Regional Comprehensive Economic Partnership (RCEP) which comprises 15 Asia-Pacific countries and the bilateral free trade agreement (FTA) with China to boost trade and investment. PHNOM PENH, Sept. 9 (Xinhua) — The National Assembly of Cambodia on Thursday ratified the Regional Comprehensive Economic Partnership (RCEP), the world’s largest free trade […]
Read MoreSINGAPORE’S banking system has “insignificant” exposure to China Evergrande Group, and less than 1 per cent of its non-bank direct lending is exposed to China’s property sector, a Parliamentary reply this week showed. Exposures to Singapore property developers with operations in China are a further 2.5 per cent of loans to non-bank customers. But this […]
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Thailand
