STRONG growth is expected in Indonesia’s mass affluent and high net worth populations in the next three years, representing a significant opportunity for wealth managers, according to an Oct 14 report by data and analytics firm GlobalData. The number of mass affluent individuals, defined as those with liquid assets of US$50,000 to US$1 million, has […]
Read MoreMANILA, Philippines — The Philippine Chamber of Agriculture and Food Inc. (PCAFI) is asking the government for an annual sugar import allocation of around 105,000 metric tons to help stabilize supply. Processors are actually requesting a maximum of 10 percent sugar import allocation out of the country’s annual sugar production of 2.1 million MT. PCAFI, […]
Read MorePETALING JAYA: Tax experts and economists have deemed Malaysia’s economic growth forecast of 4.8% next year as being “quite optimistic, ” in light of the challenging external environment. Speaking at a panel discussion on the recent budget, Axcelasia Taxand Sdn Bhd chairman Veerinderjeet Singh said he expected Malaysia’s economic growth to be lower in 2020. […]
Read MoreCargo traffic at Sihanoukville Autonomous Port (PAS), the country’s sole deep-sea port, rose by 18 percent during the first nine months of the year compared with the same period last year. From January to September, cargo traffic at PAS increased substantially, according to Lou Kim Chhun, the port’s chairman and CEO. He noted that the […]
Read MoreSingapore offers a small ray of light in a faltering global economy. The country that’s so intimately tied to the rhythms of global commerce dodged a recession in the third quarter, figures showed yesterday. Singapore simultaneously eased monetary policy, the first such step since 2016, as anticipated. That it did so cautiously suggests at least […]
Read MoreSINGAPORE: Singapore’s central bank eased its monetary policy for the first time in three years on Monday, as widely expected. In a statement, the Monetary Authority of Singapore (MAS) said it would lower slightly the slope of the Singapore dollar’s policy band, while the width and centre of the band would not be changed. The MAS […]
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Thailand
