SINGAPORE – Singapore manufacturing maintained expansion mode in November for a fifth straight month, but pulled back from the peak reached in October. But the electronics sector continued to forge ahead, expanding the most in more than two years. Analysts said the mixed picture flags that the recent resurgence of Covid-19 worldwide may have started to […]
Read MoreRESIDENT employment levels bounced back to near pre-Covid levels in the third quarter after taking a big hit in June when the “circuit breaker” was at its height, according to findings of the Labour Force Singapore Advance Release 2020 (LFAR). “Despite the pandemic’s impact on the economy, employment rate remained high (80.3 per cent) for […]
Read MoreSINGAPORE (THE BUSINESS TIMES) – Around half of Singapore consumers prefer to shop at local businesses to help them recover from the business fallout of Covid-19, according to a study of Asean consumer sentiment released on Thursday (Dec 3) by United Overseas Bank. UOB head of group business banking Lawrence Loh said the results of the study, which polled 1,000 […]
Read MoreSINGAPORE: Singapore’s central bank urged households on Tuesday to be prudent about property purchases amid a weak labour market and a deep economic slump, even as locals shrug off the impact of the coronavirus pandemic to buy real estate. “Given that an uncertain economic outlook could have dampening effects on income streams, households should remain […]
Read MoreSINGAPORE: Funds transfer services PayNow and Fast (Fast And Secure Transfers) will soon become more widely used in Singapore, with financial institutions other than banks tapping the platforms. This is set to make e-payment adoption simpler for both businesses and individuals. Starting February 2021, eligible non-bank financial institutions would have direct access to the banking […]
Read MoreE-WALLET operators will need to keep up cybersecurity and anti-fraud efforts to maintain consumer trust as they gain greater access to Singapore’s payment rails, industry watchers told The Business Times. On Monday, the Monetary Authority of Singapore (MAS) announced that eligible non-bank financial institutions (NFIs) will have direct access to the banking system’s real-time retail […]
Read More
Thailand
