SINGAPORE’S banking system has “insignificant” exposure to China Evergrande Group, and less than 1 per cent of its non-bank direct lending is exposed to China’s property sector, a Parliamentary reply this week showed. Exposures to Singapore property developers with operations in China are a further 2.5 per cent of loans to non-bank customers. But this […]
Read MoreThe headline consumer price index (CPI) rose more than expected in September as government utility subsidies ended and energy prices increased, the Commerce Ministry said on Tuesday. The CPI rose 1.68% in September year-on-year, the most in four months, compared with a forecast for a rise of 0.70% in a Reuters poll. It followed August’s […]
Read MoreSINGAPORE – Manufacturing activity in Singapore suffered a second month of decline but maintained its expansionary course for the 15th month in a row, thanks to the electronics sector’s continued resilience to a host of challenging supply chain issues. However, analysts warned that electronics, which accounts for about a quarter of Singapore’s exports, may be […]
Read MoreExports are expected to rise 12% this year, the high end of a previous forecast range of 10-12%, boosted by improved global demand and a weaker baht currency, the national shippers’ council said on Tuesday. However, the country’s coronavirus outbreak remains a negative factor, it said in a statement. Source: https://www.bangkokpost.com/business/2192851/exports-seen-up-12-this-year-shippers
Read MoreSINGAPORE – The proportion of slow payments in transactions by local firms surged to a one-year high in the third quarter of this year, led by delays in the construction, wholesale and service sectors, the Singapore Commercial Credit Bureau (SCCB) said on Tuesday (Oct 5). Delayed payments accounted for more than half of total payment transactions […]
Read MoreMANILA, Philippines — Only six digital banks are authorized to operate in the country for now after applicants failed to qualify to fill the remaining one slot due to non-compliance with requirements, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno. Diokno yesterday told participants of the 53rd Annual Conference of the Financial Executives […]
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Thailand
