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Thailand: July manufacturing output rises 5.1% y/y, below forecast

Thailand’s manufacturing production index (MPI) in July rose 5.12% from a year earlier, lifted by higher production of autos, electronics and rubber, the Industry Ministry said on Monday, missing analyst forecasts. The reading compared with a forecast for an increase of 11.0% in a Reuters poll and June’s revised 18.27% rise. Source: https://www.bangkokpost.com/business/2173491/july-manufacturing-output-rises-5-1-y-y-below-forecast

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Vietnam trade deficit hits over US$3.7 billion in Jan-Aug

Vietnam’s trade outlook for the remainder of the year is projected to have intertwined challenges and opportunities, with the country’s efforts to contain the pandemic the most important factor. Vietnam posted a trade deficit of US$1.3 billion in August, marking the fourth consecutive month the country has had an unfavorable trade balance, according to the […]

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Philippines: BSP shuts down another rural bank

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) ordered the closure of the Rural Bank of Datu Paglas Inc. based in Maguindanao, bringing to five the number of problematic banks shuttered this year. BSP Deputy Governor Chuchi Fonacier said the Monetary Board issued Resolution 110.A last Aug. 26 prohibiting the Rural Bank of Datu […]

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Bank Indonesia sees inflation at 0.01% in August

Jakarta (ANTARA) – Bank Indonesia has forecast 0.01 percent monthly inflation in August 2021 in view of the price development of cooking oil, tomato, chicken egg, and cigarette. “With that development, the year-to-date inflation is projected to be around 0.82 percent while the year-on-year inflation will be around 1.57 percent for August 2021,” executive director […]

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EconThai backs easing of lockdown

The Employers’ Confederation of Thai Trade and Industry (EconThai) welcomes the government’s easing of lockdown measures starting on Wednesday because relying on a lockdown alone will not flatten the Covid-19 infection curve. Authorities should follow the US, the UK and Japan as a model for how to co-exist with the pandemic, said Tanit Sorat, vice-chairman […]

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