SINGAPORE’S economic growth is expected to slow to a pace that is “below trend” next year, weighed down by key external-facing sectors such as manufacturing and financial services, the Monetary Authority of Singapore (MAS) said in its half-yearly macroeconomic review on Thursday (Oct 27). Meanwhile, the global economy is in a “precarious” state, with growth […]
Read MoreThai tourism should benefit from the Laos-China high-speed railway, with at least 3 million Chinese travelling via this channel once the mainland permits outbound travel, according to the Association of Thai Travel Agents (Atta). “Laos may not have the capability to support a large scale of tourists, in terms of facilities or accommodation. Thailand must take […]
Read MoreVietnam may face disadvantages in global supply chains due to its outdated technologies and poor labor quality. Nguyen Thi Vu Ha, an expert at the Vietnam Institute for Economic and Policy Research (VEPR), expressed her concerns over the risk of Vietnam being the destination for low-quality foreign direct investment (FDI) projects. She was speaking during […]
Read MoreTHERE are early signs that Singapore’s labour market improvement is slowing as economic growth eases, even though employment continued to grow in the third quarter of 2022, according to advance figures from the Ministry of Manpower (MOM) on Friday (Oct 28). Total employment – excluding migrant domestic workers – rose 75,600 on the quarter before, […]
Read MoreRENTS of retail spaces in Singapore’s central region fell for the third quarter in a row this year. Q3 2022 rents slipped 0.4 per cent quarter on quarter following Q2’s 0.5 per cent decline, according to figures from the Urban Redevelopment Authority (URA) released on Friday (Oct 28). Prices of retail space in the central […]
Read MoreTHE peso came close to returning to the P57:$1 level on Thursday, strengthening to as much as P58.09 during intraday trade before closing at P58.22 against the greenback. The 21-centavo gain made for a best finish since September and was a significant improvement after the currency hit a record low of P59:$1 last October 3. […]
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