SINGAPORE (BLOOMBERG) – Singapore’s battered property firms are hitting a snag in their recovery after rising coronavirus infections led to an extension of remote work in the city-state. Shares of commercial developers and real estate investment trusts (Reits) have fallen since authorities announced last month that working from home will remain the default arrangement. The government is […]
Read MoreAccording to technology business site Tech In Asia, the once-obscure Buy Now Pay Later (BNPL) trend is getting new legs, which could see the option spreading in an increasingly digital Asia-Pacific. “These days, millennial and Gen Z consumers want it all – the instant gratification of a purchase and the ease of instalment payments, without […]
Read MoreSINGAPORE – The manufacturing sector has continued its uptrend, as factory activity recorded a seventh straight month of expansion in January. Experts said the sector, while not expected to grow as rapidly as it did in 2020, is likely to see a modest increase this year. The Singapore Purchasing Managers’ Index (PMI) – a key […]
Read MorePETALING JAYA: Leading indicators show that Malaysia’s economy is still on the mend, but the pace of growth could be dragged down by the ongoing movement control order (MCO). Malaysia’s Leading Index (LI) rose at a faster pace of 7.1% year-on-year (y-o-y) in November 2020 (October: 6.3% y-o-y), which pointed to a recovery in Malaysia’s […]
Read MoreMANILA, Philippines — The Anti-Money Laundering Council (AMLC) is pushing for enhanced regulatory controls and enforcement actions, as well as deeper understanding of money laundering and terrorist financing risks, as suspicious transaction reports (STRs) from 2015 to 2019 amounted to P52.3 trillion. Based on its latest risk assessment, the AMLC said the application of STR […]
Read MoreFuel consumption in Thailand contracted by 12.5% last year because of strict state measures to prevent the spread of Covid-19, including a lockdown order, according to the Department of Energy Business (DOEB). The government did not enforce a nationwide lockdown for the fresh outbreak starting last December, but a new round of travel restrictions affected […]
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