ECB to raise deposit rate by 50 bps on Dec 15 as bloc enters winter recession

LONDON – The European Central Bank will take its deposit rate up by 50 basis points next week to 2.00%, despite the euro zone economy almost certainly being in recession, as it battles inflation running at five times its target, a Reuters poll found. Since starting its inflation-fighting campaign in July, later than its peers, the ECB has been raising rates at its fastest pace on record and […]

More consumers search for products via e-commerce platforms — Lazada

SINGAPORE — Over half of Southeast Asian consumers are using e-commerce platforms as a search engine to look for products, according to a report conducted by Lazada. Lazada released on Thursday its “Transforming Southeast Asia: From Discovery to Delivery” report during its LazMall Brands Future Forum in Singapore, which showed that 57% of shoppers in […]

Proactive transformers better for shareholders, according to study

SOUTHEAST ASIAN companies that took transformative actions proactively posted more shareholder returns than those doing so reactively, based on a study by strategy consulting organization EY-Parthenon. Angela Ee, EY ASEAN and Singapore restructuring leader, said in a virtual round table discussion on Thursday that the report called “Transformation in Southeast Asia: Four archetypes of outperformers” […]

More than 1,000 families of drug war victims back ICC probe  

A TOTAL of 204 representations for about 1,050 families of those killed in the Duterte administration’s anti-illegal drug operations were submitted to the International Criminal Court (ICC), according to the Registry Report posted online on Monday.   The report showed that of the total representations, which cover 1,530 individual victims, 94% or 192 want the international court to investigate President Rodrigo R. Duterte’s war on drugs […]