Phl exits recession MANILA, Philippines — The Philippines found its way out of recession on a record growth in three decades, but economists said recovery remains nowhere near in sight with the return to lockdown in economic areas, particularly Metro Manila. The Philippine economy, as measured by the gross domestic product (GDP), jumped 11.8 percent […]
Read MoreECONOMISTS were unsurprised by the upward revision of Singapore’s official full-year growth forecast on Wednesday, with most of their own maintained forecasts falling within the new 6 to 7 per cent range announced by the Ministry of Trade and Industry (MTI), up from 4 to 6 per cent previously. While manufacturing is expected to remain […]
Read MoreThe lowering of deposit protection to a maximum of 1 million baht this month is unlikely to impact the confidence of the depositors on the financial institutions, said Krisada Chinavicharana, the Finance Ministry’s permanent secretary. According to the Deposit Protection Act, deposit protection will be lowered to a maximum of 1 million baht per account […]
Read MoreKUALA LUMPUR: CGS-CIMB Equities Research has highlighted potential earnings risks for the real estate investment trust (REIT), manufacturing, gaming, consumer and tourism-related sectors in the current 2Q21 results season. In its strategy note on Wednesday, the research house cited the disruptions in operations due to the movement controls to curb the Covid-19 pandemic as it […]
Read MoreSINGAPORE is the fourth-most expensive Asian construction market to build in, as the industry deals with a shortage of skilled labour and high materials costs. Against this backdrop, tender prices here are expected to remain volatile for the rest of 2021, the latest Turner & Townsend’s International Construction Market Survey 2021 showed. Tender prices could […]
Read MoreThe Ministry of Finance is collecting opinions on a draft decree amending and supplementing a number of articles of Decree 140 of the Government on registration fees. The Ministry of Finance has proposed that the registration fee for electric cars for the first time should be equivalent to 50% of that for petrol-fueled and diesel-fueled […]
Read More
Thailand
