SINGAPORE: While Singapore is turning the corner in its economic recovery, it still has a long way to go as it adapts to the new realities of the Covid-19 world, said Trade and Industry Minister Chan Chun Sing yesterday. The improvement in Singapore’s economy in the third quarter of 2020 shows that the Republic is […]
Read MoreThe second phase of the co-payment scheme, where the government subsidises 50% of food and goods purchased at small shops, will cover as many people as possible, says a senior Finance Ministry official. Details of the scheme will become clearer in mid-December. The quota of 10 million people was filled during registration for the first […]
Read MoreVietnam’s equity market may witness big merger and acquisition (M&A) deals in 2021 as local banks are trying to lure foreign capital on the country’s participation in international trade deals. Vietnamese banks, especially small-cap ones, are targeting more foreign capital to improve their performances, financial expert Huynh Trung Minh said. However, the global markets have […]
Read MoreThai exports saw a wider contraction in October, with the rate dropping by 6.71% from the same month of last year after the registering a drop of 3.9% year-on-year in September. The Commerce Ministry reported on Monday the country’s customs-cleared exports fetched US$19.38 billion in October, with imports shrinking 14.32% to $17.33 billion, resulting in a […]
Read MoreSINGAPORE: Singapore said its economy will probably expand 4% to 6% next year amid a global recovery from the worst of the coronavirus pandemic and as travel restrictions and local safety measures are eased. The city-state also narrowed its forecast for this year’s contraction, the Trade and Industry Ministry (MTI) said in a statement, highlighting […]
Read MoreIndonesia’s economy is expected to return to growth in 2021 after facing a recession this year, economists say, but unemployment and poverty may rise further as economic activity will remain sluggish. Indonesia’s gross domestic product (GDP) may grow 3 percent next year, driven by a gradual improvement in household spending and loan growth as well […]
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