SINGAPORE – The highest income groups in Singapore saw the largest increase in consumer prices in the first half of 2022, compared to households from other income groups. Those whose household incomes were in the highest 20 per cent bracket experienced a 6 per cent year-on-year increase in consumer prices during the period, according to […]
Read MoreThe commitment to stabilizing the economy was one of 13 issues the cabinet identified as requiring immediate attention during a two-day open government meeting that ended on Friday. The government resolved to use various means to try to solve the problem of public debt, especially debt created by state enterprises. According to Government Spokesperson, Ms. Thipphakone Chanthavongsa, […]
Read MoreSINGAPORE, July 25 — The recent bank hikes on mortgage rates are unlikely to dampen demand for both public and private properties unless the rates edge past 3 per cent, several property analysts said. For now, this meant that property prices will continue to soar. They were commenting on the second quarter residential property transactions […]
Read MoreINDONESIA has launched a crackdown on peer-to-peer (P2P) lenders through a new regulation and capital requirements, in a move that industry sources say should help clean up a booming online lending sector beset by consumer complaints. The rules, announced this month by Indonesia’s financial services authorities (OJK), set a minimum capital requirement for lenders at […]
Read MoreDomestic car sales increased 4.58% in June from a year earlier to 67,952 units, helped by an easing of Covid-19 curbs and increased tourism, the Federation of Thai Industries said on Monday. However, the pace was slower than May’s 15.71% year-on-year rise, the FTI said. Source: https://www.bangkokpost.com/business/2353562/domestic-car-sales-up-in-june
Read MorePETALING JAYA: While the government’s current debt level is manageable, there is rising pressure for the debt load to surge in the wake of the looming recessionary risks in the United States and developed economies. Exacerbated by the stronger global inflation, economists concurred that embarking on the right strategies are necessary to keep the debt […]
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