Singapore’s exports fell by double digits for the fourth straight month, with shipments in the key electronics sector sinking by nearly a third. Non-oil domestic exports (Nodx) performed worse than expected, slumping 17.3 per cent in June compared to a year ago, following a downwardly revised 16.3 per cent fall in May, said Enterprise Singapore […]
Read MoreThe government has tightened its grip on the movement of eight products on the new price control list to curb smuggling from neighbouring countries, shore up domestic prices and prevent a spread of crop diseases. Products included in the movement control are garlic in 52 provinces; onions in 52 provinces; paddy and milled rice in […]
Read MoreINDONESIAN tobacco retailers will be kept on their toes as e-cigarettes make headway in the market, according to Maybank Kim Eng analysts Janni Asman and Isnaputra Iskandar. “Though we still believe that clove cigarettes will dominate Indonesia’s cigarette industry for some time to come, competition from electronic options may dent their share in some categories […]
Read MorePhuket, Thailand looks set to weather a perfect storm as soaring hotel supply is forecast to be challenged by declining tourism demand. New research from consulting group C9 Hotelworks in its “Phuket Hotel Market Update Mid-Year Edition” has revealed a development pipeline of 15,348 rooms set to enter the market over the next five years, […]
Read MoreMANILA, Philippines — Term deposits yielded higher rates across the board on Wednesday amid the strong inflows of funds into the financial system as easing inflation and dovish US Federal Reserve give the Bangko Sentral ng Pilipinas (BSP) more room to ease policy stance. The yield of the seven-day tenor inched up by 1.74 basis […]
Read MoreVisa Inc. has become the latest investor in ride-hailing giant Go-Jek as the two companies push digital payments across Southeast Asia. The world’s biggest payments network has invested an undisclosed amount in Go-Jek as part of the Indonesian company’s ongoing series F fundraising round, the two companies said Wednesday. The move follows Go-Jek’s announcement this […]
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