SINGAPORE: Singapore’s industrial output rose 13.7% year-on-year in August, beating economists’ expectations, buoyed by a 44.2% jump in electronics production, official data showed on Friday. Economists had expected a 4.6% increase, according to the median of their forecasts in a Reuters poll. Industrial production marked its first rise after three straight months of contraction on […]
Read MoreJAKARTA: Indonesia’s government said on Friday it has significantly improved the distribution of social assistance to the poor to cushion the impact of the Covid-19 coronavirus pandemic. Febrio Kacaribu, the head of the finance ministry’s fiscal policy office, said surveys by the World Bank showed there has been major improvement in distribution of aid and […]
Read MoreKUALA LUMPUR: UOB global economics and market research expects the additional initiatives worth RM10bil under the “KITA PRIHATIN” will be partly funded by unutilised allocations from other initiatives. In its research note on Friday, it said the initiatives could also be possibly financed under Budget 2021 as some of the measures carry through into January […]
Read MoreThe Bank of Thailand plans to implement digital factoring next year to facilitate small and medium-sized enterprise (SME) access to loans. Factoring businesses provide an intermediate solution for liquidity problems caused by delayed payments. The idea behind the process is suppliers sell the invoices of a customer or debtor to a factoring business at a […]
Read MoreThe General Department of Taxation (GDT) has officially launched a mediation software tool to help with financial management information systems and tax data management. The purpose of introducing it is to modernise and automate revenue-sharing data between the tax data management and financial information. The system functions by transferring revenue data from the tax data […]
Read MoreIndonesian carmakers are looking at the export market to boost sales and increase factory utilization rates as the COVID-19 pandemic is projected to continue wreaking havoc on the domestic car market. Association of Indonesian Automotive Manufacturers (Gaikindo) secretary-general Kukuh Kumara said on Monday that the country’s carmakers were working with the Trade Ministry, Industry Ministry […]
Read More
Thailand
