Economy
Asia could learn to manage digital economy from Singapore
Asia could learn to manage digital economy from Singapore
It imposed the 7% GST on cross-border digital services.
Singapore rallied to 5th spot in world's most liveable cities
Its ranking was boosted by strong economics and governance.
Chart of the Day: Manufacturing output could taper amidst strong electronics production
Electronic exports have shrunk for 5 months straight despite high output.
Daily Briefing: Malaysia scraps high-speed rail link project; Biotech firm Lion TCR bags $20m in series A round
And here are two companies that recently delivered weaker results. From Reuters:
Import prices up 1.4% in April
Oil prices jumped due to costlier crude petroleum and fuel oils.
1 in 5 family businesses eye China as critical for expansion
About 7 in 10 of them are planning to go abroad or are already doing it.
Beijing's risk-curbing measures could dent household loan growth
Household loan stock has already fallen from 24.7% to 20% in March.
Services business receipts jumped 8.5% in Q1
The financial and insurance services sector led the growth at 14.2%.
Singapore manufacturing output up 9.1% in April
Growth was led by the electronics segment that has been in the black for 26 months.
Economists divided over Singapore's higher GDP forecast
MTI raised its GDP projection to 2.5%-3.5% despite economic uncertainties.
Malaysia to remove GST by 1 June
Analysts expect this to bolster consumer spending by at least 8%.
Singapore is no longer the 2nd costliest Asian city
But luxury item prices continued to climb 2.4% from last year.
Credit financed 46.4% of Singapore's business-to-business sales
Businesses actively opt for trade credit as part of ‘common practice’.
Daily Briefing: GDP jumped 4.4% in Q1; Go-Jek to invest US$500m into Singapore and 3 markets
And the 139-unit Landmark Tower was sold for $286m.
Chart of the Day: Housing prices dented inflation deeper in April
Prices of housing and utilities dipped 2.3%.
Brace for these price hikes in July
Prices of Changi Airport fees, water, and gas will rise.
Consumer prices down 0.1% in April
Price gains in retail, electricity & gas, and services were all muted.
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