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Singapore: Employment grew in third quarter this year, but so did unemployment: MOM

[SINGAPORE] Employment grew in the third quarter this year as the economy picked up slightly, even as unemployment, including long-term unemployment, crept up, according to a Manpower Ministry report on Thursday. One plausible cause is that employers are hiring more cautiously, as the number of job vacancies shrank, the report added. Total employment, excluding foreign […]

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Thailand: KBank looking at mid-income range

Kasikornbank (KBank) has expanded into the middle-income segment to penetrate a new customer base for bancassurance and mutual fund business, aiming to rev up fee-based income next year. As fee-based income growth is poised to decline amid intense market competition and regulatory factors, KBank projects next year’s non-interest income to contract by a range of […]

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Philippines: Vehicle sales hit year-high in November

MANILA, Philippines — Automotive assemblers in the country recorded their highest monthly sales for the year in November, rising 10 percent from the same month last year, due to strong demand for both passenger cars (PC) and commercial vehicles (CVs).  Data released by the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) showed combined […]

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