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Singapore’s manufacturing expectations remain downbeat, services sector moderates: surveys

FOR the third consecutive quarter, Singapore manufacturers remain negative about business conditions in the next six months, while positive sentiment in the services sector has moderated, according to separate quarterly surveys on Tuesday (Jan 31). A net weighted balance of 25 per cent of manufacturers expect a less favourable business situation from January to June 2023, […]

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Thailand: Tourism index up in Q4

The tourism confidence index in the fourth quarter still lagged behind the corresponding period prior to the pandemic, while the Tourism Council of Thailand (TCT) said tourism scams can be found everywhere. Chamnan Srisawat, president of the TCT, said the tourism confidence index of the final quarter last year stood at 72, up by 7 points […]

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China-Laos-Thailand rail link plans up for talks

Thailand and Laos are in talks about the potential of a China-Laos-Thailand railway link which could reduce cargo transport costs by 30%-50% in three to five years, said the Department of Rail Transport (DRT) on Saturday. Athipu Chitranukroh, deputy director-general of the DRT and Kitjaluck Srinuchsart, deputy director-general of the Customs Department, visited Laos recently to […]

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ASEAN BAC Chair Indonesia to Work on Regional QR Code Payment

Jakarta. The ASEAN Business Advisory Council, or ASEAN BAC, is planning to work on integrating their respective countries’ QR code payment systems, according to the grouping’s 2023 chair Indonesia. The Indonesian Chamber of Commerce and Industry (Kadin) this year is chairing the ASEAN BAC — the business forum of the Southeast Asian bloc. Kadin chairman Arsjad […]

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Singapore’s employment grows by ‘unprecedented’ 231,700 in 2022 on return of non-resident workers

SINGAPORE’S employment levels improved significantly in 2022 compared to the year before. This was on the back of a rebound in foreign workers as border restrictions were lifted and employers backfilled positions, according to the latest data from the Ministry of Manpower (MOM). Total employment grew by an unprecedented 231,700 in 2022, said MOM in […]

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