Private home owners will now have to wait 15 months after they sell their property before they can buy an HDB resale flat. Continue Reading
The 35% decline in the yen and 25% decline in the euro relative to the dollar, and the US dollar index up by 25% since 2017, are being rationalized as a response to the US Federal Reserve’s raising interest rates to battle inflation. Analysts remind us that such policy is similar to the one Paul […]
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G7 financial markets avoided a threatened crisis September 28 when the Bank of England announced £45 billion of emergency government bond purchases. That amounts to an emergency easing of monetary policy after months of coordinated rate hikes by most of the world’s central banks. The British central bank, the world’s second oldest, had no choice: […]
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TOKYO – Wall Street suits, run for the hills. So far this year, the surging dollar has left a trail of carnage across Asian and European economies, currencies and bourses. Now, it is likely headed for home territory. Count Michael Wilson, Morgan Stanley’s chief US equity strategist, as among those fearing the dollar’s rally is […]
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SHANGHAI: Investors dumped shares and bonds of Chinese property developers on Wednesday, after a media report that CIFI Holdings (Group) Co had defaulted, adding to worries over the crisis-stricken real estate sector. Read full storyContinue Reading
“GREAT POWER RIVALRIES” Bhutto Zardari, the Oxford-educated 34-year-old scion of a preeminent political dynasty, took office five months ago amid political turbulence in Pakistan after a no-confidence vote in former prime minister Imran Khan. The strife comes as Pakistan is ravaged by floods that have submerged one-third of the country,Continue Reading
BANGKOK: Thailand’s government plans new borrowing of about 820 billion baht (US$21.64 billion) in the 2023 fiscal year starting Oct 1, mainly to finance a budget deficit, the finance ministry said on Tuesday (Sep 27), as it tries to bolster economic recovery. The borrowing is part of a wider debtContinue Reading
Recent developments indicate a cozying-up associated with Solomon Islands’ commanders to Beijing. It has set off alarm bells in Canberra, Wellington and Washington, DC. World powers have got largely ignored the Solomons and other Pacific Island nations for many years, as they have concentrated their attention on Afghanistan, the Middle Eastern, North Korea and (more recently) Ukraine. This is […]
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The head of the country’s utilities regulator says poor quality oil led to the shutdown of a power plant.Continue Reading
Over a lot of the last two decades, Cambodia’s economy has grown at an impressive average price of nearly 8%, one of the fastest-growing economies in the world. Significant advancements were made in decreasing poverty and improving health and education. Yet, looking at the rear of the averages, social and economic disparities persist, and in a few instances, disparities increased […]
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