SINGAPORE ranks among the top markets for ultra-prime residential property transactions in 2022, alongside cities that the super-wealthy buy homes in, such as London and New York, according to real estate consultancy Knight Frank. In Knight Frank’s Wealth Report released on Wednesday (Mar 1), Singapore ranked sixth among the top 10 cities in the high-end […]
Read MoreMANILA, Philippines — Moody’s Investors Service has maintained a stable outlook for Philippine banks as the tighter monetary conditions brought about by the aggressive rate hikes by the Bangko Sentral ng Pilipinas (BSP) is not likely to derail the recovery from the impact of the pandemic. In a report on the Philippine banking system, the […]
Read MoreKUALA LUMPUR: Malaysia’s manufacturing sector has shown signs of positive momentum in February 2023, with the seasonally adjusted S&P Global Malaysia manufacturing purchasing managers’ index (PMI) rising to 48.4 from 46.5 in January, recording its highest reading in four months. In a statement yesterday, S&P Global said data on output and new orders in February […]
Read MoreThe Federation of Thai Industries (FTI) expects the new mid-year power tariff, which is used to calculate electricity bills, to not exceed 5 baht per kilowatt-hour (unit) following a drop in liquefied national gas (LNG) prices. The current rate for businesses, in effect from January to April, is 5.33 baht a unit. Energy authorities are discussing […]
Read MoreHONG KONG: Asia’s manufacturing activity shows signs of revival as China’s reopening has provided a lift to the sluggish global economy, although the tailwinds aren’t enough to pull major exporters like Taiwan and Japan out of their slump. The latest round of factory data added to uncertainty as the global economy braces for a downturn, […]
Read MoreINTEREST rates on the latest issuance of Singapore Savings Bonds (SSBs), which opened on Wednesday (Mar 1), have risen again, following a series of declines in recent months. The April tranche of SSBs, which are backed by the Singapore government, is offering a first-year interest rate of 3.01 per cent, and a 10-year average return […]
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