SINGAPORE – A new electricity procurement portal launched by Singapore Exchange-backed Energy Market Company (EMC) has enabled one business to shave thousands of dollars off its electricity bills. EMC’s PowerSelect online portal, which has 11 electricity retailers on board to date, serves businesses with an average monthly consumption of at least 10 MWh (megawatt-hour), equivalent […]
Read MoreThe Hanoitimes – Total sale of car units of members of Vietnam Automobile Manufacturers’ Association (VAMA) in the first ten months of 2018 stood at 223 326 units, up 1% year-on-year. Car sales in October are reported at 28,899 units, up 15% month-on-month and 32% against the same period of last year, according to a monthly […]
Read MorePETALING JAYA: Malaysia’s economy is likely to have grown faster in the third quarter of this year amid an increase in private spending during the consumption tax holiday period. A Reuters poll showed the median forecast from 15 economists is for Malaysia’s gross domestic product (GDP) to grow 4.6% year-on-year (y-o-y) between July and September. […]
Read MoreMANILA, Philippines — The Philippines is among the countries in emerging Asia that has room to support growth by loosening fiscal policy, provided that debt levels are checked and the budget deficit under control, London-based think tank Capital Economics said. In a new regional report titled “Which countries are running out of fiscal firepower?” the macroeconomic research firm said most countries […]
Read MoreThe Bank of Thailand kept its policy rate unchanged yesterday, but the close vote of 4-3 added to the likelihood of the first rate hike in more than seven years at 2019’s final meeting in December. Four members of the Monetary Policy Committee (MPC) voted to hold the rate steady at 1.50%, while three voted for […]
Read MoreGLOBAL trade tensions continue to dominate this year’s headlines and the shift of production to efficient Asean countries is accelerating. Asean businesses are clearly paying attention and are making incremental changes to their supply chains, but is the pace of change fast enough? HSBC’s global Navigator survey – which was launched this week and included […]
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