SINGAPORE (BLOOMBERG) – Negative interest rates are creeping into Singapore. The nation’s overnight borrowing rate was less than two basis points above zero on Tuesday (May 20), down from the year’s high of 1.68 per cent in January. The one-month swap offer rate, the cost to borrow the city’s currency for US dollar investors, fell […]
Read MoreIndustry insiders have stated the rising level of unemployment will hurt demand for the local real estate market, which has already been hit by the global COVID-19 pandemic, but should see an uptake if the virus situation is resolved within 12 months. Georg Chmiel, executive chairman of Juwai IQI, told Khmer Times yesterday that rising […]
Read MoreEconomic cooperation between Vietnam and the European Union (EU) is about to turn a new page in history as the Vietnamese National Assembly is moving very close to ratifying the EU-Vietnam Free Trade Agreement (EVFTA). In that context, Vietnamese businesses, especially those in the areas of garment & textile, leather & footwear, and agro-forestry and […]
Read MoreSINGAPORE (THE BUSINESS TIMES) – Hawkers who get on board Foodpanda will not have to pay commission for one month as part of a new initiative to ease hawkers’ entry onto the food delivery app, Foodpanda announced in a press statement on Friday (May 22). Dubbed the “pandasupport hawker initiative”, the incentive is being rolled out with “the […]
Read MoreCustoms-based exports in April unexpectedly rose 2.12% from a year earlier, helped by higher shipments of agricultural products, food and gold, the Commerce Ministry said on Friday. The result compared with a Reuters poll forecast for a fall of 4.6% in exports, a major driver of Thai growth, and against March’s surprise 4.17% increase. Exports, […]
Read MoreSINGAPORE – CapitaLand said it will be launching an e-commerce platform eCapitaMall and an online food ordering platform Capita3Eats to complement sales at its shopping malls here, Singapore’s biggest retail landlord said on Friday (May 22). The move is aimed at driving sales for retailers during Singapore’s phase one reopening of businesses and beyond, the company said. […]
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