MANILA, Philippines (Update 2, 5:41 p.m.) — After delivering back-to-back hikes, the Bangko Sentral ng Pilipinas on Thursday kept its key rate unchanged, citing “receding price pressures.” At its last rate-setting meeting for 2018, the BSP’s Monetary Board kept policy rate at 4.75 percent, as widely expected. This was the first time in six meetings that the central bank […]
Read MoreKUALA LUMPUR: Overall salary increases in Malaysia is projected at 5.2% in 2019, similar to this year’s growth rate, says Mercer Malaysia, with life science and technology industries taking the lead. Mercer Malaysia CEO Hash Piperdy said on Thursday most industries are expected to maintain similar salary growth rates next year, with the exception of […]
Read MorePETALING JAYA: Malaysia’s industrial output rose by a stronger-than-expected 4.2% in October, exceeding a Bloomberg survey of 3%. The Statistics Department said the industrial production index’s (IPI) increase by 4.2% from a year ago was supported by increase in all indices. Manufacturing output rose by 5.4%, while electricity (2.1%) and mining (1.4%). “On a yearly […]
Read MoreSINGAPORE: Retail sales were lower than expected in October, according to figures released by Singapore’s Department of Statistics. Takings at the till that month were only 0.1% higher year-on-year, below the 1.5% increase forecast by analysts polled by Bloomberg and coming off the 1.9% rise in September. Excluding motor vehicles, retail sales rose 0.5%. Car sales fell […]
Read MoreSINGAPORE: While trade tensions between the United States and China could ease, key economists shaved more off their forecast for 2019 economic growth, the latest Monetary Authority of Singapore (MAS) survey shows. A big downside risk is protectionism, they added. For 2018, the economy is expected to grow by 3.3%, a tad above the 3.2% […]
Read MoreOrganisations in Thailand are losing an average of 73 days of productive time per employee each year due to health-related absenteeism and employees who still work while ill, a survey by AIA Thailand has found. The insurance company said in press release issued on Thursday that the lost time in Thailand compared to 49 days […]
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