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Singapore factory output for fourth straight month; falls 2.7% in Jan, surprising estimates

SINGAPORE’S industrial production fell for the fourth consecutive month in January, dropping by 2.7 per cent on the year and deepening from December 2022’s revised 2.6 per cent fall. This came as the key electronics sector reversed from the previous month’s rebound, Economic Development Board (EDB) data showed on Friday (Feb 24). January’s performance was […]

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Thailand to rope in private firms to lure wealthy foreigners

THAILAND plans to enlist the services of private companies to boost response to its long-term resident visa programme targeted at highly-skilled foreign workers and wealthy pensioners. The firms will assist government agencies to draw more applications for the 10-year resident visas unveiled last year, according to Narit Therdsteerasukdi, secretary-general of Thailand’s Board of Investment. They […]

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Malaysia’s inflation slows to 3.7% in January

KUALA LUMPUR: Malaysia’s rate of inflation in January slowed to 3.7% as price growth in the country remained on a downtrend that began in October 2022. The increase in the consumer price index, which was lower compared with 3.8% in December 2022, was in line with the median forecast of economists polled by Reuters. In […]

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