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Malaysia: Recovery with risks

PETALING JAYA: Bank Negara’s move to adjust downward the lower end of its growth projection for 2021 indicates that risks remain tilted towards the downside for the Malaysian economy, said economists. Despite signs of gradual recovery, the national economy continues to see risks from a resurgence in Covid-19 cases and the relevant containment measures, delays […]

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Business confidence in Vietnam hits 27-month high

Hopes that these trends will continue and that the Covid-19 pandemic will come to an end supported the greatest business confidence since mid-2019. The Vietnam Manufacturing Purchasing Managers’ Index (PMI) rose to 53.6 in March, up from 51.6 in February, signaling a solid improvement in the health of the manufacturing sector. In fact, business conditions […]

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Thailand: Songkran seen showering B113bn on economy

Consumer spending could jump 64% to 113 billion baht during the upcoming Songkran holiday after last year’s slump when tighter coronavirus curbs were in place, the commerce university said on Thursday. But excluding 2020, when the country imposed full outbreak restrictions, spending would be the lowest in nine years, Thanavath Phonvichai, president of the University […]

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