MANILA, Philippines — Manufacturing conditions strengthened for the second consecutive month in January as firms received more new orders and ramped up production to cope with demand, according to the latest IHS Markit Philippines Manufacturing Purchasing Managers’ Index (PMI). The headline PMI rose to 52.1 in January from 51.7 in December, signalling a moderate improvement […]
Read MoreKUALA LUMPUR (BERNAMA) – Foreign investors were net sellers in the local equity market last week, recording a total net outflow of RM409.14 million from January 28-30 against a net inflow of RM23.48 million from January 20-23. Bank Islam Malaysia Bhd Chief Economist Dr Mohd Afzanizam Abdul Rashid said this came after news about the […]
Read MoreThe Bank of Lao PDR has launched a Lao QR Code standard for electronic payments in a move to improve payment services and integration between banks. The QR code standard will comply with the finance and currency sector’s strategic plan and minimize the use of cash, driving the onset of a digital economy and boosting […]
Read MoreSINGAPORE’S electronics sentiment entered positive territory in January for the first time in 14 months alongside positive manufacturing sentiment, thanks to a US-China trade truce, but economists warn that any optimism may be temporary due to the novel coronavirus outbreak. The Purchasing Managers’ Index for the electronics sector posted an expansion of 50.1, a 0.2-point […]
Read MoreTraders are reporting that Myanmar’s watermelon crop, which is largely dependent on the China market, is currently experiencing a major downturn. Traders in the Muse border trade area in Shan State prices for watermelon have dropped by around 50 percent while sales have declined by as much as 99 pc. Normally, in Muse at this […]
Read MoreBank Indonesia intervened in spot foreign currency trading as well as domestic non-deliverable forward and bond markets on Monday to stabilize the rupiah, an official said, as the currency fell 0.5 percent to the weakest since mid-January. “BI is making sure of rupiah’s stability,” Nanang Hendarsah, the central bank’s head of monetary management, told Reuters by text […]
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