BUSINESS receipts for the services sector in Singapore grew 6.3 per cent in the third quarter of 2017 compared to a year ago, reflecting an improved global outlook and a strengthening economy. The data released on Monday by the Department of Statistics showed that all services industries reported growth, with information and communications showing the […]
Read MoreSINGAPORE’S factory production delivered another impressive performance for the month of October, shrugging off a steep decline in biomedical output. The Economic Development Board on Friday reported that the overall manufacturing output grew 14.6 per cent in October, slightly missing economist estimates of 16 per cent. September’s industrial output was revised lower to 14.4 per […]
Read MoreWee Wei Ling, executive director of Pan Pacific Hotel Group, isn’t at all worried about the glut in hotel rooms in Yangon. “There is definitely an oversupply. In fact, tourism has been declining recently. But we are long-term investors in Myanmar. We see the potential of this country and we would like to grow with it. […]
Read MoreSINGAPORE: Singapore raised its economic growth forecast for this year and sees global growth underpinning that momentum into 2018, with some moderation. Gross domestic product rose 5.2% from a year earlier, the fastest pace in more than three years, versus a median estimate of 5%. Compared to the previous quarter, GDP rose a seasonally adjusted […]
Read MoreSHC Capital Asia, an investment holding company, is planning to acquire MM Myanmar from Mr Serge Pun’s First Myanmar Investment Limited (FMIL), a local conglomerate which is listed on the Yangon Stock Exchange, Yoma Strategic Investments and Exemplary Ventures for S$69.7 million. SHC Capital Asia is backed by Malaysian property developer See Hoy Chan and […]
Read MoreSINGAPORE: Singapore raised its economic growth forecast for this year and sees global growth underpinning that momentum into 2018, with some moderation. Gross domestic product rose 5.2% from a year earlier, the fastest pace in more than three years, versus a median estimate of 5%. Compared to the previous quarter, GDP rose a seasonally adjusted […]
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Thailand
