Spread the lovemore ASIA: Business investment commitments into Singapore dropped about 31% last year, marking the first decline in five years, and after hitting a more than decade high in 2020, government data showed on Wednesday. Commitments for investments in fixed assets such as facilities, machinery, and other equipment shrank to S$11.8 billion ($8.78 billion) […]
Economic activity is expected to record a gradual recovery following a temporary setback As per the data released by the Department of Census and Statistics, domestic economic activity that was disrupted with the outbreak of the third wave of the COVID-19 pandemic and related mitigative measures is estimated to have contracted by 1.5 per cent,.
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 24 November 2021, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 5.00 per cent and 6.00 per cent, respectively. The Board arrived at.