HONG KONG, China — Asian markets edged lower on Friday as investors weighed concerns over economic growth and virus outbreaks and risk aversion set in following dovish comments from the Federal Reserve chief. Fed Chair Jay Powell reiterated the central bank’s plan to maintain stimulus initiatives until the economy fully recovers while Treasury Secretary Janet […]
Read MoreSyn Mun Kong Insurance on Friday announced it was cancelling its Covid-19 insurance policies with customers, saying the rapidly deteriorating situation made the risk unmanageable. In a message on its Facebook page, the SET-listed insurance firm said Covid 2-1 insurance policies for all clients would be terminated 30 days after they receive a letter from […]
Read MoreIt is a remarkable achievement that Indonesia’s trade balance has always been excessive in the last 14 months since May, 2020 until June, 2021. Jakarta (ANTARA) – Indonesia’s balance of trade registered a surplus of US$1.32 billion in June, 2021, with exports touching US$18.55 billion and imports valued at US$17.32 billion, the Central Statistics Agency (BPS) […]
Read MoreCommercial banks agreed to suspend debt repayments for two months for debtors affected by government coronavirus containment measures, the Bank of Thailand said on Thursday, as the country combats its worst Covid-19 outbreak. The assistance from July will be for retail debtors and smaller companies that have closed down, the central bank said in a […]
Read MoreThe move would put local steel companies under pressure to expand production and upgrade technologies to reduce costs and compete with imported products. The Ministry of Finance (MoF) has proposed a 5-10% tax rate cut for imported steel products so as for the market prices to cool down. The move was part of the MoF’s […]
Read MoreDEVELOPERS in Singapore sold 872 new private homes in June, easing 2.6 per cent from May’s 895, according to data from the Urban Redevelopment Authority (URA) on Thursday. Including executive condominiums (ECs), sales reached 962, down 22 per cent from the 1,234 sold in May. Thursday’s figures were similar to analysts’ flash estimates published by […]
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