Bank of Thailand governor reaffirms Thailand taking ‘gradual and measured approach’ to economic recovery
He said Thai economic conditions differed from those in other countries, so Thailand did not need to adopt the same measures.
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Holiday spending reflects upturn in China’s consumer market
Local governments have come up with diversified measures to boost culture and tourism consumption.
Malaysia not headed towards a currency crisis: Finance Minister
The minister said the nation’s economic fundamentals remained positive despite the challenges to the global economy brought about by the Covid-19 pandemic.
Yen weakens past level of 145 a dollar, sterling pares gains
The fall came after Finance Minister Shunichi Suzuki’s comments that Japan stood ready for “decisive” steps in the foreign exchange market.
S’pore factory activity contracts, raising risk of technical recession
The manufacturing decline follows a second month of contraction in the electronics sector, which represents 40 per cent of Singapore's industrial output.
Japanese transportation companies look to credit cards as cheaper payment option
Paying for public transportation by credit card is expected to spread further when more overseas tourists come to Japan in the near future.
Trade policies inhibit investment in Indonesia: World Bank
The institution explained that changes in trade policies were paramount to support the massive “investment diversion” to South-east Asian countries.
China’s exports to EU rise as winter nears
Sales of heating appliances, such as electric blankets, in the European market surged nearly 300 per cent in September compared with that in August.
Korea eyes world No. 3 spot in digital competitiveness by 2027
The government will also aim to complete setting up the infrastructure for a nationwide 5G network by 2024.
Wage growth inevitable, but cannot outstrip productivity: Singapore DPM
Keeping wage increases sustainable could mean that salaries do not keep pace with higher costs of living in the short term, said Mr Wong.