SINGAPORE’S services sector saw receipts fall 1.1 per cent year on year in the first quarter of 2020, in a reversal from the previous quarter’s 4.5 per cent growth, according to a Department of Statistics release on Wednesday. Amid the Covid-19 outbreak, the greatest decline was for recreation and personal services. But the quarterly index excludes wholesale […]
Read MoreTen SET-listed banks delivered loan growth during the first four months of the year, thanks to brisk wholesale lending and an additional credit line provided under the debt relief scheme, even as the economy reeled from the pandemic. In the January-to-April period, the 10 commercial lenders saw their loans outstanding rise by 3.9% from the […]
Read MoreBusinesspeople are prepared to press on with the government’s plan to gradually reopen the economy under health protocols to establish a “new normal” amid the continued rise of confirmed COVID-19 cases in Indonesia. On May 20, Health Minister Terawan Agus Putranto signed a set of policies on the prevention and control of COVID-19 in offices […]
Read MoreAs strict COVID-19 containment measures prove relatively effective in curbing the spread of new infections among Cambodia and its regional neighbours, governments are now looking at how digitalisation, big data and technology can reopen their economies before, or if, a global vaccine becomes available, says a leading non-government organisation. This potentially provides a “road map” […]
Read MoreMANILA, Philippines — An expected surge in spending and a drop in revenues last month did not only spoil a typical budget surplus in April, they also widened the deficit to a new record-high. The deficit, which indicates the government spent beyond its means, widened to P273.9 billion in April, a massive reversal of last […]
Read MoreThere is likely false play in the way livestock companies calculate the selling price of live pigs, which is helping them maintain stellar profits in spite of the government’s calls to stabilise prices. Last week, the price of live hogs continued escalating to VND100,000 ($4.30) per kilogramme, with an increase of around VND30,000 ($1.30) […]
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Thailand
