Singaporean SMEs scale back expansion plans World

Singaporean SMEs scale back expansion plans

Expectations of business expansion among Singapore small and medium-sized enterprises (SMEs) have sunk to the lowest since 2009, according to a quarterly survey by the Singapore Business Federation (SBF) and Experian that was announced on December 23. ​
Bancassurance becomes main service earner for banks Business

Bancassurance becomes main service earner for banks

Instead of the modest contribution made previously, the insurance business segment, or bancassurance (banks co-operate with insurers to sell insurance products), has now become the main source of income from service activities for many banks.
Banks short of credit growth quota for 2019 Business

Banks short of credit growth quota for 2019

Though there remains six months, some banks have almost used up the assigned quota for the whole year, and experts said it would be difficult for the banks to get an expansion approval from the State Bank of Vietnam (SBV).
Thai economy grows by 2.8 pct in 2019’s Q1 World

Thai economy grows by 2.8 pct in 2019’s Q1

The fluctuating global economy and the trade war between China and the US which has reduced the export sector has caused the Thai economy in the first quarter of this year to grow at a slower pace, at 2.8 percent compared to 3.6 percent in the last quarter of 2018.