ALTHOUGH Singapore’s monetary policy stance remains unchanged, there is room within the policy band to accommodate another easing, if economic conditions weaken from the coronavirus spread. This is according to the Monetary Authority of Singapore (MAS), which issued a statement on Wednesday in response to media queries. Last October, MAS had reduced slightly the rate of […]
Read MoreHONG KONG (BLOOMBERG) – Central banks in Asia face increasing calls to cut interest rates as they jump into action against a spiraling coronavirus crisis that’s hammering tourism, travel and confidence across the region. The People’s Bank of China trimmed some interest rates on Monday (Feb 3) and injected massive liquidity into the financial system to shore up slumping markets. Indonesia’s […]
Read MoreSINGAPORE’S electronics sentiment entered positive territory in January for the first time in 14 months alongside positive manufacturing sentiment, thanks to a US-China trade truce, but economists warn that any optimism may be temporary due to the novel coronavirus outbreak. The Purchasing Managers’ Index for the electronics sector posted an expansion of 50.1, a 0.2-point […]
Read MoreMANILA, Philippines — Singapore-based digital bank Tonik Financial Pte. Ltd. has secured a license from the Bangko Sentral ng Pilipinas (BSP) to operate in the Philippines. The license will enable Tonik, through its local unit Tonik Digital Bank Inc., to provide a full range of retail banking services, focused primarily on retail deposits and consumer […]
Read MoreSINGAPORE exports turned the corner in December 2019, expanding for the first time in nine months (since February 2019), in trade figures released on Friday. Non-oil domestic exports (NODX) grew by 2.4 per cent year on year, beating the decline of 1 per cent that had been predicted by private-sector economists in a Bloomberg poll. […]
Read MoreOver the years, the Myanmar government has stepped up its efforts to bring in foreign direct investment (FDI) to the country. Being more pro-business and open to FDI, potential opportunities for foreign companies willing to invest in Myanmar are vast, particularly in the construction industry as one of the main pillars of the economy. YCP […]
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Thailand
