SINGAPORE hotels’ average room rate (ARR) picked up in December 2022 after a marginal fall in November to record a new 14-year high, going by Singapore Tourism Board data on Monday (Jan 30). ARR was up 27.7 per cent from the year-ago period to S$285.84. It was also up 1.9 per cent from November’s S$280.57 […]
Read MoreCHINA’S JD.com is to close its e-commerce services in Indonesia and Thailand, retreating from South-east Asia after a bruising year for China’s retail and technology sectors. JD.com will end its services in Thailand from Mar 3 and in Indonesia from the end of the same month, its local websites showed. Both units will stop taking orders […]
Read MoreFollowing where China has been spending and investing its Belt & Road Initiative capital can provide foreign investment (FDI) clues and reveal new opportunities in recipient countries. As infrastructure builds start to yield productive user cash flows and the need for subsequent support services arises, case studies for investment potential become apparent. In this new […]
Read MoreTHE Philippine economy likely expanded much faster than the government’s target of 6.5 per cent to 7.5 per cent last year and is forecast to grow by around 6.5 per cent this year amid a strong manufacturing sector, stable banking system and record low unemployment, Finance Secretary Benjamin Diokno said. Diokno said an expected slowdown […]
Read MoreSINGAPORE’S non-oil domestic exports (NODX) contracted again in December, dragged by declines in non-electronic shipments and declining deliveries to most of the Republic’s top 10 key markets, data from Enterprise Singapore (EnterpriseSG) showed on Tuesday (Jan 17). Non-oil domestic exports (NODX) in December tumbled 20.6 per cent year on year from a high year-ago base, […]
Read MoreMALAYSIA’S central bank will deliver its fifth consecutive quarter percentage point hike on Thursday in its effort to keep high inflation under check and provide support to a struggling currency, a Reuters poll found. Bank Negara Malaysia (BNM) became in May last year one of the first Asian central banks to hike rates in the […]
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Thailand
