MANILA, Philippines — The Philippine economy contracted at a softer pace of 3.9 percent in the first quarter, the Philippine Statistics Authority (PSA) reported yesterday. The PSA said the country’s gross domestic product (GDP), a measure of economic output, shrank by 3.9 percent in the January to March period, smaller than the 4.2 percent reported […]
Read MoreSINGAPORE condominium resale volumes rebounded in July after falling for two consecutive months. Overall prices meanwhile, continued to climb, according to flash figures from SRX Property on Tuesday. Gains in overall resale volumes and prices were driven by demand for condos in the suburban or outside of central region (OCR). The OCR had contributed to […]
Read MoreSavings rates by locals at Thai and foreign commercial banks have more than doubled over the course of the pandemic, new data has revealed, with large depositors contributing the overwhelming majority of additional money. However, the lowering of deposit protection to a maximum of 1 million baht this month is unlikely to impact large depositors, […]
Read MoreMANILA, Philippines — The Bureau of the Treasury has deferred the issuance of retail dollar bonds (RDBs) amid the revert to stricter lockdown. National Treasurer Rosalia de Leon yesterday said the Treasury would no longer pursue its plan to sell RDBs in August to Filipinos living abroad as it adjusts its operations to the reimposition […]
Read MoreMalaysia’s economy probably contracted during the second quarter of the year as Coronavirus restrictions hit consumer spending. Its gross domestic product (GDP) contracted 0.2 percent compared with the first quarter, according to Moody’s analytics. GDP rose 2.7 percent over the second quarter. “Although recovering external demand and higher commodity prices have supported export-oriented manufacturers, movement […]
Read MoreModern trade sentiment fell to a three-year low due to the prolonged Covid-19 outbreaks, while operators were increasingly concerned about their liquidity and supply chains, according to a quarterly survey. The University of the Thai Chamber of Commerce (UTCC) on Monday reported that the modern trade sentiment index stood at 45.3 points (out of 100) in […]
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Thailand
