MANILA, Philippines — Domestic manufacturing conditions weakened in April as output sank to a 19-month low, according to the latest Nikkei Philippines Manufacturing Purchasing Managers’ Index (PMI). The headline PMI for the Philippines weakened from 51.5 in March to 50.9 in April, the lowest reading in nine months. This is already approaching contraction level as […]
Read MoreKUALA LUMPUR: Total Malaysian exports in March fell 0.5% year-on year (y-o-y) to RM84.05bil, beating Bloomberg’s survey expectations of a 3.4% decline. According to the Ministry of International Trade and Industry (MITI), the better-than-expected export performance led to a trade surplus of RM14.37bil, which was 2.2% lower from a year ago but higher than analyst […]
Read MoreNADI, Fiji: The global economic slowdown is expected to hamper Thailand’s GDP expansion from this year to 2020, with the slump in world export demand affecting the country more than some neighbours, says Asian Development Bank’s (ADB) chief economist. The lender is keen to support the Mass Rapid Transit Authority of Thailand’s (MRTA) urban transport projects, […]
Read MoreMore foreign developers have been coming to Thailand to form joint ventures with Thai developers in recent years. Japanese developers in particular have been pursuing long-term relationships in the country since 2013. The two pioneering ventures involving Japanese firms were Ananda Development Plc with Mitsui Fudosan and AP Thailand with Mitsubishi Estate. More Japanese firms have followed, […]
Read MoreCredit standards for consumer loans, particularly in auto lending, are projected to ratchet up in the second quarter, according to the Bank of Thailand’s quarterly survey on credit conditions. Credit standards for mortgages are expected to tighten this year given enforcement of the central bank’s new loan-to-value (LTV) requirement and financial institutions’ concerns about borrower quality […]
Read MoreThe state-run Electricity Generating Authority of Thailand (Egat) has been ordered to purchase a new block of 200,000 tonnes of crude palm oil in May and June to increase the domestic prices of fresh palm nuts and crude palm oil. The government hopes to push the price up to 2.80-3 baht per kilogramme for fresh palm […]
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Thailand
