Central banks need to figure out how they can safely use central bank digital currencies (CBDCs) for businesses to send money to one another in cross-border payments, Mr Ravi Menon, managing director of the Monetary Authority of Singapore (MAS), said at an International Monetary Fund and Swiss National Bank conference in Zurich yesterday. A CBDC […]
Read MoreSINGAPORE – Singapore had another strong year for private equity (PE) deals in 2021 as the rest of South-east Asia also emerged out of the Covid-19-induced lull in 2020, said a report by global consultant Bain & Company. However, even as the fundamental growth story for Singapore and the region remains intact, some slowdown in […]
Read MoreSINGAPORE – Prices of resale condominium units edged up for the 21st straight month in April, while transactions fell slightly as the market stabilised following property cooling measures. Last month, condo resale prices rose at a slower pace of 0.7 per cent compared with March’s 0.8 per cent, according to flash figures from real estate portals 99.co […]
Read MoreSingapore appealed for firms to hire more locals as a pandemic-driven fall in foreign workers, together with an easing of virus curbs, continues to drive the city-state’s worst labour shortage in over two decades. Manpower Minister Tan See Leng said in parliament Monday that while certain sectors such as construction has seen a recovery in […]
Read MoreAN ADDITIONAL Buyer’s Stamp Duty (ABSD) of 35 per cent will be imposed on any transfer of residential property into a living trust, where the transfer occurs from May 9, the Ministry of Finance announced late on Sunday night (May 8). Under current regulations, ABSD may or may not be payable upon such a transfer, […]
Read MoreBORDERS are reopening and businesses are getting back into the swing of things, but a talent crunch that emerged at the height of the Covid-19 pandemic is showing no signs of abating. Job vacancies are at a record high and there are more openings than unemployed persons in the country. Companies are therefore having to […]
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Thailand
