India’s not-so-neighborly trade failure

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In: Asia, Business

The potential for cross-border trade between India and its neighboring countries — Bangladesh, Bhutan, Nepal, Myanmar, Pakistan, Afghanistan and China — has not been fully realized. India’s formal cross-border trade with these countries was about US$2.48 billion in 2021 despite the $115 billion trade potential. Only nine of India’s 17 border states are actively engaged in cross-border trade. This […]Continue Reading

MAS has not asked banks to ‘keep quiet’ about origins of wealth inflows into Singapore: Private banking group

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In: South-East Asia

SINGAPORE: The Monetary Authority of Singapore (MAS) has not instructed banks to “keep quiet” about the origins of wealth inflows into Singapore, the Private Banking Industry Group (PBIG) said on Friday (Apr 14). The industry group’s statement was issued following a Financial Times article that said MAS had issued aContinue Reading

Singapore stops tightening amid faltering growth

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In: Asia
A Singapore dollar note in a May 31, 2017 photo. Photo: Reuters/Thomas White/Illustration/File Photo

SINGAPORE – Singapore’s central bank defied expectations that it would tighten monetary policy for a sixth time since October 2021, announcing on Friday (April 14) that it would keep its policy settings unchanged despite stubborn price pressures at a 14-year-high and amid advance estimates that first-quarter economic growth fell well short of expectations. The bellwether […]Continue Reading