Singapore: Singapore factory activity shrinks for 13th month in a row Wednesday, 3 August 2016 – Factory activity shrank for the 13th straight month in July as the lacklustre global economy continued to weigh on demand. Elsewhere in the region, manufacturing performance remained patchy and economists are not optimistic about long-term prospects. The Purchasing Managers’ […]
Read MoreThailand: Baht hits one-year high against dollar Tuesday, 2 August 2016 – The baht hit a one-year high against the US dollar yesterday, tracking emerging-market currency strength as fading prospects of a US rate increase revved up investor appetite.TMB Analytics vice-president Jitipol Puksamatanan said the baht’s passing of 34.76 against the greenback was a new […]
Read MoreThailand: Excise tax basis set to change Tuesday, 2 August 2016 – Legal amendments to switch the excise tax basis to state-recommended retail prices from ex-factory prices are expected to come into force by mid-2017, says the Excise Department.The change in the method of calculation will standardise duty collection and create more fairness and transparency, […]
Read MoreSingapore: Singapore’s manufacturing and services sectors mostly see no change in business conditions Friday, 29 July 2016 – The rather gloomy outlook for firms in the manufacturing and services sectors continues, according to the latest business expectations survey by the Economic Development Board (EDB). The survey, released on Friday (July 29), found that a majority […]
Read MoreSingapore: Singapore bank lending dips in June Friday, 29 July 2016 – Singapore’ total bank lending fell in June on smaller loans to manufacturing and financial sectors, central bank data showed on Friday (July 29). Loans and advances by domestic banks amounted to S$590.5 billion in June, data from the Monetary Authority of Singapore showed, […]
Read MoreSingapore: Jobless rate, layoffs rise amid sluggish economy Friday, 29 July 2016 – The labour market is showing increasing signs of strain, as unemployment climbed in the second quarter of the year and layoffs hit a seven-year high. Economists interviewed expect this situation to persist for the rest of the year as Singapore’s economic growth […]
Read More
Thailand
