Bottom Line on Singapore GDP: Curb Your Enthusiasm
(23 May) - Singapore's economy may have grown unexpectedly in the first quarter of the year but the manufacturing sector remains weak and that's not a great sign for the export-dependent economy, analysts say. Data on Thursday showed the Southeast Asian city state grew 1.8 percent in the first three months of the year compared...
Philippines VP: Taiwan’s economy will be disrupted without Pinoys
Taiwan (24 May) - Taiwan's economy will be disrupted without Overseas Filipino Workers (OFWs) according to Vice President Jejomar C. Binay. This was stressed by Binay last Thursday as he pointed out that the Philippines and Taiwan are both benefiting from around 80,000 Filipinos working in Taiwan mostly as factory workers or...
Bank chief investigated for secret SG property purchases
Austrian Bank Chief Herbert Stepic (24 May) - Even as the European Union toughens its measures against tax evasion and offshore havens, an Austrian bank has confirmed it is investigating its chief executive for using companies in Hong Kong and the British Virgin Islands (BVI) to conduct property deals he did not report to his...
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