SINGAPORE (BLOOMBERG) – The Singapore dollar is poised to outperform its South-east Asian peers as a higher vaccination rate and rising core inflation may spur its central bank to start tightening policy sooner than its regional counterparts. While all South-east Asian currencies have been under pressure against the greenback since the Federal Reserve’s latest “dot plot” brought US […]
Read MoreKUALA LUMPUR: Malaysia’s fiscal deficit is expected to go up to between 6.5% and 7% of its gross domestic product (GDP) this year from the 6% targeted earlier, after factoring in the recent stimulus packages announced by the government. Finance Minister Datuk Seri Tengku Zafrul Abdul Aziz said the government is ready to expand fiscal […]
Read MoreMANILA, Philippines — The detection of highly contagious Covid-19 Delta variant in the Philippines sent local shares into a tailspin on Monday, amid growing unease among investors over the virus’ threat to economic recovery. Panic returned to the trading floor of the Philippine Stock Exchange, with the bellwether PSEi shedding 1.59% to close at 6,587.20. The […]
Read MoreSoutheast Asia is one of the biggest sources of plastic waste thanks to rapid urbanisation and a growing middle class, whose consumption of plastic products is continuously rising due to increasing purchasing power and desire for convenience. To make matters worse, during the Covid-19 pandemic, the use of plastics increased exponentially due to increased attention […]
Read MoreThe Ministry of Economy and Finance’s General Department of Customs and Excise of Cambodia (GDCE) collected $1.1595 billion in revenue in the first half of 2021, down 8.9 per cent year-on-year. GDCE director-general Kun Nhem made the remark on July 14 via video link at a meeting to review the work done by the department […]
Read MoreKUALA LUMPUR: Malaysia is a favoured expansion destination for Asean companies looking for growth opportunities in Asean, according to Standard Chartered’s (StanChart) latest survey. In its Borderless Business: Intra-Asean Corridor, a strategic report that explores high-potential opportunities for cross-border growth within the region, StanChart said 49 per cent of survey respondents selected Malaysia as one […]
Read More
Thailand
