SINGAPORE – Singapore does not expect persistent, accelerating inflation ahead, and cost pressures are expected to ease gradually over the course of the year, said Minister of State for Trade and Industry Low Yen Ling in Parliament on Tuesday (Jan 11). Addressing several MPs’ questions on inflation concerns and the impact on Singapore’s economy and […]
Read MoreIn October, the average interest rates on bank deposits for six months and 12 months were 4.7 per cent and 5.5 per cent, down half a percentage point from a year earlier, according to Bao Viet Securities Company. But things changed in early November when the rates showed signs of rising after a very long […]
Read MoreKUALA LUMPUR: HSBC expects the economic recovery in Malaysia to be quite strong this year, with the gross domestic product (GDP) set to expand 5.6 per cent despite the impact of the recent floods in the country. James Cheo, chief investment officer for Southeast Asia at HSBC Global Private Banking and Wealth, said key drivers […]
Read MoreINDONESIA’S tax amnesty in 2022 will likely boost state budget and spending on infrastructure projects, healthcare and education, UOB Kay Hian said. In a research note on Tuesday (Jan 11), analyst Stevanus Juanda expects this will benefit state-owned construction companies, as more money will be spent on infrastructure projects, which results in more contracts. He […]
Read MoreFOREIGN direct investment (FDI) net inflows almost doubled in October, the Bangko Sentral ng Pilipinas (BSP) reported on Monday. In a statement, the central bank said the country’s FDI rose by 98.9 percent to $855 million in October from $430 million year-on-year. BSP attributed the higher FDI net inflows in October to the 78.5 percent […]
Read MoreSINGAPORE – Prices of resale condominium units climbed 10.3 per cent last year, underscoring the hot property market that triggered new cooling measures in mid-December. In 2020, condo resale prices gained just 1.4 per cent. This comes after resale prices rose in December by 1 per cent, marking the 17th consecutive month of growth, according […]
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Thailand
