SINGAPORE – Retail sales in Singapore rose 25.8 per cent in June on an annual basis, aided by a low base in the same month last year when stricter curbs to contain the Covid-19 pandemic were in place. The year-on-year growth in June was smaller than the 79.9 per cent jump in May due to circuit breaker measures […]
Read MoreMANILA, Philippines — Higher infrastructure spending in the second half ahead of the national elections in May next year may result in a wider current account (CA) deficit, according to Nomura Singapore Ltd. In a report, Nomura said the government may ramp up its infrastructure spending, resulting in higher imports and wider trade deficit. “Nomura […]
Read MoreThe Cambodian government is looking seriously at adjusting compulsory quarantine to facilitate visits by investors, businesspeople and employers as a means of revitalising the economy. The move is being considered after the private sector raised concerns about compulsory quarantine for non-residents, business owners, employers and employees travelling into Cambodia. The discussion on the matter was […]
Read MoreThe Bank of Thailand (BoT) has slashed its economic growth projection for this year again to 0.7% as the third wave of Covid-19 has had a more severe impact on the country’s economy since the central bank conducted its earlier projection. The BoT’s Monetary Policy Committee (MPC) meeting on Wednesday decided to cut GDP growth […]
Read MoreThe COVID-19 pandemic not only creates challenges for banks, but also pushes them to foster digital transformation to survive, experts have said. A recent survey by the State Bank of Vietnam found that 95 per cent of credit institutions in Vietnam have either implemented digital transformation strategies or are in the process of formulating them. […]
Read MoreSINGAPORE – Hong Kong’s ESR Cayman will buy the entire share capital of Singapore-based ARA Asset Management (ARA) for US$5.2 billion ($7 billion), the companies said on Thursday (Aug 5). This will create Asia Pacific’s biggest real asset fund manager and the world’s third-largest listed real estate asset manager. If the deal goes through, the combined entity […]
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