INDONESIA’S new visa regulations to woo wealthy global citizens to reside in Bali will have a positive impact, but the scheme is not likely to attract them in massive numbers, said business leaders and expatriates living in Indonesia. On Wednesday (Oct 26), Indonesia announced that it would offer “second home” visas for five years and […]
Read MoreMANILA, Philippines — The depreciation of currencies in developing economies may exacerbate the food and energy crisis, according to the World Bank. In its Commodity Markets Outlook report, the World Bank said that while most commodity prices have gone down from their recent peaks amid concerns over a looming global recession, prices in local currency […]
Read MoreREVERSING from a dip in August, Singapore hotels average room rate (ARR) reached S$284.37 in September – the highest since 14 years ago, when September 2008’s ARR came in at S$298.65. Overall hotel room revenue and revenue per available room (RevPAR) also grew in September to hit new highs. The latest data from the Singapore […]
Read MoreKUALA LUMPUR: Malaysia’s Producer Price Index (PPI) for local production for September 2022 increased by 4.9 per cent year on year, although this eased from the 6.8 per cent recorded in the previous month, said the Department of Statistics Malaysia (DoSM). In a statement, it said although the manufacturing index for September saw an increase […]
Read MoreThe Vietnamese economy has recorded an impressive recovery over the past nine months, and the Asian Development Bank (ADB) is confident of the country’s bright prospects for its medium- and long-term growth. According to Nguyen Minh Cuong, chief economist of ADB Vietnam, this strong recovery comes from the country’s stable macroeconomic background, political stability, as […]
Read MoreSINGAPORE’S economic growth is expected to slow to a pace that is “below trend” next year, weighed down by key external-facing sectors such as manufacturing and financial services, the Monetary Authority of Singapore (MAS) said in its half-yearly macroeconomic review on Thursday (Oct 27). Meanwhile, the global economy is in a “precarious” state, with growth […]
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Thailand
