SINGAPORE’S factory output expanded by 0.5 per cent on the year in August, down from a revised 0.8 per cent growth in July, according to data from the Singapore Economic Development Board (EDB) on Monday (Sep 26). The month’s figures outperformed median estimates of a Bloomberg poll of private-sector economists, who had expected a 0.7 per […]
Read MoreShopee, operator of Southeast Asia’s largest e-commerce platform, laid off a number of employees in China on Monday, as its New York-listed and Singapore-based parent company Sea Limited continues to trim its global payroll following steep losses. In a statement released on Monday, Shopee said the job cuts were part of its ongoing efforts to “optimise operating […]
Read MoreSINGAPORE’S dollar has established itself as Asia’s most resilient currency against the US dollar this year, and some strategists are betting on more strength if price pressures force the nation’s central bank to tighten its exchange-rate policy again next month. Goldman Sachs Group, Citigroup and MUFG Bank are among banks that are bullish on the […]
Read MoreSINGAPORE, Sept 16 — Singapore’s non-oil domestic exports (NODX) rose by 11.4 per cent year on year in August, following a 7 per cent growth in July, Enterprise Singapore, a government agency, said on Friday. It is the 21st consecutive month for Singapore’s NODX to see year-on-year growth, reported Xinhua. In a breakdown, the electronic […]
Read More(Bloomberg) — Singapore home sales fell 48% in August to the lowest in more than two years as a lack of supply kept buyers at bay. Purchases of new private apartments dropped to 437 units last month from 834 in July, Urban Redevelopment Authority figures showed Thursday. That was the fewest since April 2020, when […]
Read MoreCOMPANIES with strong pricing power will have much to gain from the inflationary environment as these players tend to have more stable profit margins when dealing with cost pressures. Singapore and Indonesia are believed to be among the biggest winners in the region, as RHB in its report on Thursday (Sep 15) forecast 3.2 per […]
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Thailand
