SINGAPORE – Growth in Singapore’s private sector eased again in February to its slowest in four months, according to a survey released on Friday (March 3). Notably also, private sector businesses were the most pessimistic in the near five-year history of the survey, with the downbeat sentiment attributed to slowing economic conditions, global geopolitical uncertainties […]
Read MoreA Thai fund has bought 1.5 million shares in Mobile World Investment Corp (MWG), one of Vietnam’s leading mobile retailers, at a price of more than US$11 million. The Ton Poh Fund, run by Bangkok-based Ton Poh Capital, officially received the shares from their previous owners, two other foreign funds, on Tuesday, the Vietnam Securities […]
Read MoreKUALA LUMPUR: Malaysia’s exports surged 13.6% in January 2017 to RM70.24bil, underpinned by double-digit growth in all major sectors, the Ministry of International Trade and Industry (MITI) said on Friday. The 13.6% increase from a year ago was however, slightly lower than Bloomberg’s survey of a15% increase. MITI said the January exports were the highest […]
Read MoreKasikornbank (KBank) has launched a cross-border fund transfer service for 13 Asian currencies, bilaterally, expecting to help customers save around 12 billion baht on foreign exchange this year. Yesterday KBank claimed it is the first Thai bank to have a transfer service for the 10 Asean currencies and the yuan, yen and won, or the […]
Read MoreKUALA LUMPUR: Malaysia is expecting a sluggish year in total investments as global businesses continue to navigate headwinds and uncertainty. International Trade and Industry Minister Datuk Seri Mustapa Mohamed is projecting that the country’s services and manufacturing sectors, which pulled through a stormy 2016 to chart modest growth in investments and projects, could see up […]
Read MoreMANILA, Philippines – The government incurred a budget deficit of P353.4 billion in 2016, widening by almost three-fold, or 190 percent, from the P121.7 billion shortfall recorded in 2015 amid the Duterte administrations efforts to ramp up public spending on infrastructure, the Bureau of the Treasury reported yesterday. “The outturns reflect strong expenditure growth of […]
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