KUALA LUMPUR: Malaysia’s economic slump is expected to have deepened in the fourth quarter due to sustained restrictions on movement and business to curb the spread of the coronavirus, a Reuters poll showed on Tuesday. The median estimate of 12 economists pointed to the economy shrinking 3.1% in the October-December quarter from a year ago, […]
Read MoreRESALE prices of non-landed private homes in Singapore rose for the sixth straight month in January 2021, SRX Property said on Tuesday. Overall prices were up 1.2 per cent from December 2020, and 2.2 per cent higher compared to January 2020, according to flash figures from the real estate portal. All regions saw price increases […]
Read MoreMANILA, Philippines — The Philippines is not suffering from stagflation and the risks of doing so in the future is nil as the economy is still expected to rebound despite what government said was a slow start this year. “There is no reason to worry about stagflation. At least not yet,” Steven Cochrane, chief Asia […]
Read MoreSINGAPORE: A prominent Singapore businessman has said he will exit his investment in a tobacco firm linked to the Myanmar military, after the army deposed the country’s democratically elected government in a coup last week. Lim Kaling, co-founder and director of Hong Kong-listed gaming group Razer, said in a statement on Tuesday he was a […]
Read MoreWhile general stores and supermarkets are about to close for Tet holiday, e-commerce websites have stated they are ready to take orders even on Tet days. The online sale campaigns have been launched by a series of e-commerce websites, unlike in previous years, after they realized that demand for online shopping has soared since the […]
Read MoreKUALA LUMPUR: The service sector’s revenue increased by 1.7 per cent quarter-on-quarter (q-o-q) to RM435.9 billion in the fourth quarter of 2020 (Q4 2020) compared to Q3 2020, said the Department of Statistics Malaysia. Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the growth was driven by wholesale and retail trade, food and beverages […]
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