Bank lending ticked down by 0.2 per cent in January on a month-on-month basis amid declining business loans, preliminary Monetary Authority of Singapore data showed on Friday. Loans through the domestic banking unit – which capture lending in all currencies, but reflect mainly Singapore-dollar lending – stood at S$691.15 billion in January, compared with S$692.4 […]
Read MoreTourism businesses have been knocked comatose by the virus panic spreading around the country, while the Tourism Authority of Thailand (TAT) cut its estimate for international arrivals to 33 million in 2020. The Association of Thai Travel Agents (Atta) reported foreign tourists using Atta member services from January to Feb 20 was 500,232, a decrease […]
Read MoreAs COVID-19 spreads further MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) will consider more cuts in its key policy rate and banks’ required reserves if the economic impact from the novel coronavirus disease (COVID-19) is likely to be much worse than expected. In a press conference, BSP Governor Benjamin Diokno said he remains […]
Read MoreMALAYSIA, in the grip of a political leadership battle, announced a package of measures to counter the coronavirus outbreak, which is set to weaken economic growth this year. Interim Prime Minister Mahathir Mohamad said on Thursday the government will dedicate RM20 billion (S$6.6 billion) to support businesses affected by the virus, particularly in the tourism […]
Read MoreThe Hanoitimes – ‘Made in Vietnam’ Pixel phones and Surface laptops from Google and Microsoft are expected to start shipping in the first half of 2020. Google and Microsoft are accelerating efforts to shift production of their new phones, personal computers and other devices from China to Vietnam amid the worsening Covid-19 epidemic, Nikkei Asian Review […]
Read MoreMyanmar’s steel consumption is expected to grow in the next five years as government spending on infrastructure ramps up and foreign direct investments rise. At current levels, Myanmar uses just about 3 million tonnes of steel, but this is expected rise by more than 60 percent to exceed 5 million tonnes by 2025, according to […]
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