SG seen keeping currency appreciation on inflation risks
The Singapore dollar has risen 2.7% in the past three months against the U.S dollar - the biggest gainer among South-east Asia's biggest economies. (9 Oct) - The Monetary Authority of Singapore will probably refrain from easing monetary policy this month as taming inflation takes priority over reviving economic growth. The...
China sex trade infiltrates international hotels
John Sudworth: "One of them tells me she's 20-yrs old, and has sex with up to three clients a day." (13 Oct) - Prostitution is illegal in China, but the BBC has uncovered evidence of organised prostitution at independently run spas located inside a number of well known, Western-brand hotels, as John Sudworth reports...
Manila casinos taking on Singapore
An artist's rendering shows the glass dome at Universal Entertainment Corp.'s Manila Bay Resorts in this handout image provided to the media. Source: Universal Entertainment Corp. via Bloomberg.(10 Oct) Macau casino mogul Lawrence Ho said gambling revenue in the Philippines “could easily” double to $4 billion...
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