Philipines: Philippine economy could grow faster this year – Dominguez Monday, August 15, 2016 – The Philippine economy could grow faster than the official target for this year and would likely sustain that level under the Duterte administration, Finance Secretary Carlos Dominguez said. “Our economy is expected to grow between 6.5 and 7.5 percent this […]
Read MoreSingapore: Retail sales up 0.9% on-year in June, boosted by vehicle sales Monday, 15 August 2016 – Retail sales in Singapore rose 0.9 per cent in June compared with the previous year, mainly due to a jump in sales of motor vehicles, the Department of Statistics (SingStat) said on Monday (Aug 15). However, excluding motor […]
Read MoreSingapore: Private home sales rebound strongly in July Monday, 15 August 2016 – Sales of new private homes rebounded last month as more projects were launched in July. Excluding executive condominiums (ECs), property developers sold 1,091 units in July, around double the 536 units sold in June, data from the Urban Redevelopment Authority (URA) showed […]
Read MoreVietnam: Credit Rises 8.54%: Central Bank Sunday, 14 August 2016 – Credit rose 8.54% by July 29 against late last year while mobilised capital surged 9.94%, the State Bank of Vietnam (SBV) reported August 11. At a meeting held in Hanoi on August 11 to review banking operations in H1 and outline plans for the […]
Read MoreVietnam: Vietnam banks bad debts drop to 2.58 pct: data Sunday, 14 August 2016 – It represented a decrease of two percentage points from a month earlier, the central bank’s website reported Thursday, quoting Doan Van Thang, deputy director of the Vietnam Asset Management Company. It was also nearly equal to the five-year low of […]
Read MoreVietnam: Petrolimex reports over a trillion in first-half profits Sunday, 14 August 2016 – The Vietnam National Petroleum Group, or Petrolimex, posted pre-tax profits of VND716bn (USD32.5m) in the second quarter and nearly VND1.6trn in the first half of the year. According to the financial report, the second quarter’s revenue dropped by a third compared […]
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