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Thailand: GH Bank vows steady interest rates

Government Housing (GH) Bank plans to keep its mortgage interest rates steady until the middle of this year after a rate hike earlier this year, says president Chatchai Sirilai. The bank’s average interest rate is the minimum retail rate of 4.25% per year following an increase of 0.25 percentage points earlier this year. This rate […]

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Singapore retrenchments doubled at end 2022

SINGAPORE: Despite total employment returning to pre-pandemic levels, the number of retrenchments in the fourth quarter of 2022 (4Q22) between October and December doubled to 2,990 from the 1,300 in 3Q22. However, fewer jobs were cut in the second half of 2022 – 890 – than expected in the information and communications sector, which covers […]

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