THE decline in Singapore’s retail sales eased in November, falling 1.9 per cent year on year, due mainly to multiple mega sales events held during the month, according to the Department of Statistics (SingStat) on Tuesday. November’s performance is an improvement over the 8.5 per cent year-on-year contraction seen in October. On a seasonally adjusted […]
Read MoreThe Bank of Thailand is set to discuss surging infections with the Thai Bankers Association (TBA) concerning the continuity of business operations and assistance for borrowers. The central bank and the TBA were set to meet near the end of last year to discuss banks’ debt restructuring progress, but the meeting was postponed due to […]
Read MoreMANILA, Philippines — Faster inflation for the past 3 months is not convincing the Bangko Sentral ng Pilipinas (BSP) to reverse course from last year’s aggressive monetary easing that brought record amounts of liquidity to the financial system but risks stoking prices. “We intend to keep this accommodative monetary policy for long. So interest rates, […]
Read MoreThe translation industry going from strength to strength in the Asia-Pacific region is well represented by the growth of an estimated global market currently valued at $56 billion, according to the latest report by trend analyst site MemoQ. The report said that the region remains one of the fastest-growing language service provider (LSP) markets, with […]
Read MoreThe Hanoitimes – CEBR’s report estimated by 2035, Vietnam’s nominal GDP is estimated at US$1.59 trillion from the current US$341 billion, a nearly 5-fold increase in a 15-year span. A steady and consistent economic growth is set to help the Vietnamese economy to overcome major economies in Asia such as Taiwan (China) at 21st and Thailand […]
Read MoreThe use of free trade agreement (FTA) privileges and the Generalized System of Preferences (GSP) by Thai exporters fell by 14.76% year-on-year in the first nine months of 2020, in line with the country’s lower overall exports because of the pandemic. Active utilisation of the privileges under the two schemes was seen particularly in food, […]
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