The Hanoitimes – Vietnamese economy’s resilience, the government’s capable handling of the pandemic, and it being a beneficiary of supply chain relocation could help the country rebound quicker versus the region. Fitch Solutions, a subsidiary of Fitch Group, has revised up its 2020 real GDP growth forecast for Vietnam to 3% from 2.8% previously. The country’s […]
Read MoreKUALA LUMPUR: The headline IHS Markit Malaysia Manufacturing Purchasing Managers’ Index (PMI) rose sharply to 51.0 in June 2020 from 45.6 in May 2020, its highest since September 2018. In a note on Tuesday, IHS Markit said this indicated an improvement in the health of Malaysia’s goods-producing sector and stronger economic growth more generally. Commenting […]
Read MoreThe coronavirus crisis is catalysing adoption of contactless shower toilets as hygiene concerns escalate, says Lixil Thailand, a maker of sanitaryware and housing products. Lixil country manager Audrey Yeo said people are paying more attention to personal hygiene and maintaining higher hygiene standards as the outbreak alters everyday life. “Demand for hygienic sanitaryware is on […]
Read MoreThe Hanoitimes – The Vietnam Manufacturing Purchasing Managers’ Index (PMI) posted 51.1 in June, up from 42.7 in May and above the 50.0 no-change mark for the first time in five months. The Vietnamese manufacturing sector returned to growth in June as success in suppressing the Covid-19 pandemic and greater business confidence helped lead to renewed […]
Read MoreAsia’s factory pain showed signs of easing in June, as a rebound in China’s activity offered some hope the region may have passed the worst of the devastation caused by the coronavirus pandemic. But sluggish global demand and fears of a second wave of infections will tame any optimism on the outlook and keep pressure […]
Read MoreThe Hanoitimes – Core inflation in the first six months of 2020 rose by 2.81% year-on-year. The consumer price index (CPI), the main gauge of inflation, expanded 4.19% year-on-year in the first half of 2020, the highest six-month growth rate during the 2016 – 2020 period, according to the General Statistics Office (GSO). Meanwhile, the country’s […]
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