According to the Department of Statistics statement on August 25, Malaysia’s annual consumer inflation fell to 2% in July 2023, a decline from June’s 2.4%. It has shown a moderating trend since January with its 3.7%. This trend can be attributed to slower price increases for food and non-alcoholic beverages, as well as restaurant and […]
The Department of Statistics will release monthly inflation data in Malaysia on 25 August. Annual inflation is expected to decline to 2.1% in July. According to official data released last month, Malaysia’s annual inflation rate slowed to 2.4% in June 2023 from 2.8% in May. Lower inflation rates were recorded in food and non-alcoholic beverages, […]
Macau Pass S.A. (“Macau Pass”), together with Alipay+, will expand the coverage of the cross-border payment business of mPay to more than 40 countries overseas in the third or fourth quarter this year. These include the United Arab Emirates, the United Kingdom, Switzerland, the European Economic Area countries (such as France, Germany and Italy), Australia, […]
This is up from 24% during H1 2022. The second largest sector, banking, insurance and finance, took a 17% share of total take up recorded during the first six months of the year, down from 20% year on year. Within the former group, legal and accountancy firms are among the most active occupier types given […]
A return to normal is on the cards for the global industrial investment market in the final months of 2023, says Savills, as the interest rate hiking cycle bottoms out and global inflation cools. The global offices investment volumes remain suppressed, however buyers are starting to return in many areas. In the industrial and logistics […]
Brite Payments today announced that it has expanded its product coverage with the launch of open banking-powered instant payments and payouts in Denmark. With full product coverage in Sweden and Finland, the addition of Denmark further strengthens the second-generation fintech’s footprint as it continues its expansion across Europe. With a population of nearly 6 million, […]
A consolidated Mid-Year Economic update released provides key updates and significant progress made in delivering against the goals laid out in the Emirate’s D33 Economic Agenda. Key report findings 8.5+ million – Dubai recorded more than 8.5 million international visitors during the first half of 2023[1] The Region’s Wealthiest City – Dubai leads as the […]
HeavyFinance, a leading climate tech investment marketplace, has financed €40 m in agricultural loans across Europe. The achievement marks a major step forward in promoting sustainable practices and the company’s aim of generating 250,000 carbon credits from 100,000 hectares of agricultural land by the end of 2024. The €40 m has been distributed across almost […]
In the first six months of 2023, Singapore fintechs raised US$934 , across 84 deals in mergers & acquisitions (M&A), private equity (PE), and venture capital (VC), according to the KPMG Pulse of Fintech H1’23 – reflecting a 41 percent fall from US$1.6 bn across 117 deals in H2’22. Global trends echo local analysis with […]
Prime office rents in Riyadh have growth by 13% over the last 12-months, fuelled in part by the looming regional HQ programme deadline, which goes into effect in January 2024, according to global real estate consultancy, Knight Frank’s Summer 2023 Saudi Commercial Market Review Faisal Durrani, partner – head of Middle East research, explained: “Corporates […]
