Singapore’s economic growth slows to 3.8% in 2022; outlook darkens for 2023
The fourth-quarter slowdown came on the back of a 3 per cent year-on-year contraction of the key manufacturing sector.
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Customers return to Japan’s department stores in droves for New Year’s sales
With freedom of movement no longer restricted, department stores were as busy as in pre-pandemic years when their annual New Year’s sales started on Jan 2.
Hong Kong’s November exports value drops 24.1%
For the first 11 months of 2022 as a whole, the value of total exports of goods dropped by 6.4 per cent over the same period in 2021.
China’s economy has survived worst moment: Official
However, experts warned of troubles in the real estate sector, as well as strong external headwinds being a drag on the economy.
Siam Commercial Bank wins two awards, named Best Bank of the Year for Asia-Pacific region and for Thailand
The two awards demonstrated the Bank's resolve to turn its traditional company into a financial technology firm by implementing a major organizational restructure.
Digital yuan continues domestic march
According to the PBOC's digital currency research institute, more than 5.6 million shops and retailers have allowed e-CNY payments as of Aug 31.
Singapore dollar will hold its ground in 2023 even as policy tailwinds fade
The Singapore dollar is set to end the year as Asia’s most resilient currency against an exceptional surge in the United States dollar.
S&P Global lowers Pakistan’s long-term sovereign credit rating
Pakistan’s already low foreign exchange reserves will remain under pressure through 2023 unless oil prices slump or foreign assistance improves, the agency said.
Indonesia to ban bauxite exports starting mid 2023
The country was in 2020 the world's fifth biggest producer of bauxite, which is used in making aluminum, with close to 21 million tons, according to a US geological survey.
Indonesian airports anticipate 2.5 million travellers on year-end holiday
Aircraft movement is also predicted to hit 20,349 flights, an increase of 6.56 per cent from last year’s same period of 19,096 flights.