SINGAPORE: Singapore’s January non-oil domestic exports increased 12.8% from a low base last year, official data showed on Wednesday, driven by shipments of specialised machinery, non-monetary gold, petrochemicals and electronics. It marked the quickest pace of growth since June, and compared with economists’ expectations for a 5.4% rise, according to a Reuters poll. Exports climbed […]
Read MoreE-commerce giant Lazada has vowed to amplify its investment in key marketing campaigns and roll out a series of new solutions, including a cross-store platform promotion tool this year to spur customer spending amid the pandemic. According to mobile data and analytics platform App Annie, Lazada saw 26 million active users in December last year, […]
Read MoreOf the six ASEAN nations, only Vietnam posted an increase in exports for 2020, up 7 percent to 282.66 billion USD, according to The Straits Times. The Malaysian newspaper quoted data from the Japan External Trade Organisation (JETRO) as saying that exports from six ASEAN countries, including Indonesia, Malaysia, Singapore, Thailand, the Philippines and Vietnam, […]
Read MoreMANILA, Philippines — Robust household spending is seen fuelling a strong rebound from a pandemic-induced recession last year, the research unit of the Fitch Group said. Fitch Solutions Country Risk and Industry Research said consumer spending is seen bouncing back with a 5.7-percent growth this year after contracting by seven to nine percent last year. […]
Read MoreThailand’s GDP growth outlook this year remains weak as economic drivers are unreliable at this stage, with the vaccine rollout — the only positive factor for sentiment in the short term — yet to begin, says Standard Chartered Bank Thai. The first vaccine shots in Thailand will be administered by the end of this month as […]
Read MoreAirlines and hotels dubbed the tourism situation this year as being a worse crisis than the first outbreak of the pandemic, leaving them to cling to the hope of a remedy from the government. Tassapon Bijleveld, executive chairman of Asia Aviation, the largest shareholder of Thai AirAsia (TAA), said when international tourists return in the […]
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