SINGAPORE – Singapore’s manufacturing output continued its upward trend for the sixth straight month in April, supported by strong performance in the precision engineering and chemicals clusters. Production increased 2.1 per cent year on year, according to data released by the Economic Development Board (EDB) on Tuesday (May 25). This was lower than the 3.5 […]
Read MoreBusiness confidence among EuroCham Cambodia’s membership has dropped over the past year but silver linings in the business climate offer some glimmers of hope for a post-Covid turnaround, according to their Business Confidence Survey 2021. EuroCham has released a business confidence index every two years since 2015. This year’s score of 46.1 represented a drop […]
Read MoreKUALA LUMPUR: Malaysia’s economic outlook has improved, with the Statistics Department describing March indicators as encouraging in the near term, but it expects prevailing challenges to continue to persist until the Covid-19 pandemic is brought under control. Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said on Tuesday Malaysia’s leading index (LI) in March showed […]
Read MoreMANILA, Philippines — The Philippine government is best placed to handle shocks from a rise in interest rates, likely making debt refinancing less of a problem for the state in the next few years. In a report sent to journalists on Tuesday, S&P Global Ratings said its baseline forecast is for government spending on interest payments —as […]
Read MoreJAKARTA (Reuters) – Indonesia is considering introducing an alternative minimum tax in a bid to prevent tax avoidance by companies, Finance Minister Sri Mulyani Indrawati told Parliament on Monday, providing more details in her proposals for sweeping tax reforms. “The tax reforms are designed to create fairness and equality for companies. Especially for those that so […]
Read MoreSINGAPORE – Official forecasts for Singapore’s key exports and overall merchandise trade have been raised, amid better-than-expected growth seen in the first quarter of 2021. Non-oil domestic exports (Nodx) are now expected to expand between 1 per cent and 3 per cent for the year, up from 0 per cent to 2 per cent. Total trade […]
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