SINGAPORE – A food distributing company has launched a culinary hub consisting of kitchen spaces, warehousing and more to help players in the food and beverage (F&B) industry share resources and reduce overhead costs. The six-storey Xpace building (pronounced as Space) in Pandan Loop serves as the headquarters for the X-Inc group. It spans 22,000 sq […]
Read MoreSINGAPORE (THE BUSINESS TIMES) – Office rents in Singapore have turned a corner, bottoming out in the third quarter of this year, according to Knight Frank’s quarterly office market bulletin out on Wednesday (Sept 29). The real estate consultancy firm reported that prime-grade office rents in the Raffles Place/Marina Bay precinct grew for the first […]
Read MoreSINGAPORE’S population shrank 4.1 per cent between June 2020 and June 2021 to 5.45 million, largely due to the drop in non-residents during the Covid-19 pandemic, according to the annual Population in Brief 2021 report on Tuesday. This is the first time there has been a year-on-year decrease in both the citizen and resident populations since these […]
Read MoreSINGAPORE – Singapore’s central bank sold $2.6 billion worth of 30-year bonds to fund infrastructure projects in an auction on Tuesday (Sept 28). Investors’ bids for the first sale of the Singapore Government Securities (Infrastructure) bonds totalled $4.1 billion, 1.58 times the amount sold, the Monetary Authority of Singapore (MAS) said on its website. The […]
Read MoreMANILA, Philippines — Inflation may no longer see any easing for the remainder of the year and is expected to breach the revised forecast of the Bangko Sentral ng Pilipinas (BSP), cementing expectations that monetary policy adjustments are unlikely even until early 2023. UK-based Pantheon Macroeconomics said the upward revision of inflation by the BSP […]
Read MoreSINGAPORE – Consumers in Singapore and Malaysia will be able to make real-time cross-border fund transfers using their mobile phones by the end of next year, the two countries’ central banks announced on Monday (Sept 27). Plans to commence a phased linkage of Singapore’s PayNow and Malaysia’s DuitNow real-time payment systems will kick off in […]
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Thailand
