Signs of ‘serial acceleration’ in Hong Kong despite economic downturn in 2022: UBP UBB told CNBC’s “Squawk Box Asia” on Thursday that Hong Kong’s economy is “in a position to return to expansion” this year. “We’re seeing signs of a cascading acceleration in January. So that’s good news,” said Carlos Casanova, chief economist for Asia … Read more
Singapore house prices increased less in the last quarter of 2022 A statement issued by the Urban Redevelopment Authority showed private residential real estate prices in Singapore increased by 0.4% in the fourth quarter of 2022. The reading showed home prices rising less than the previous period’s increase of 3.8% and the slowest growth since … Read more
China left the main interest rates for one-year and five-year loans unchanged The People’s Bank of China left the 1-year and 5-year loan prime rates unchanged, broadly in line with expectations. The 1-year LPR stood at 3.65% while the 5-year LPR stood at 4.3%, both unchanged since August 2022. The Chinese yuan off and on … Read more
