The manufacturing production index (MPI) for September showed a smaller than expected drop of 1.28% from a year earlier, the Industry Ministry said on Wednesday. This followed an easing of coronavirus restrictions. The reading compared with a forecast for a 3.0% fall in output in a Reuters poll and August’s revised 4.71% decline. Source: https://www.bangkokpost.com/business/2204963/sept-factory-output-falls-1-28-y-y
Read MoreWe projected to reach four percent by the end of the year, which is higher than IMF’s estimated figure of 3.2 percent and OECD’s 3.7 percent. Jakarta (ANTARA) – Finance Minister Sri Mulyani Indrawati is optimistic that Indonesia’s economy could grow by four percent or higher than the Organisation for Economic Co-operation and Development’s (OECD’s) […]
Read MoreSalary increases at multinational companies this year are expected to be marginally down from 2020 and rise slightly next year. At local companies they increased slightly, and are likely to remain steady in 2022, according to the Talentnet – Mercer Total Remuneration Survey. While quite a bit higher than the inflation rate, the rates of […]
Read MoreShortfall widest in 4 months MANILA, Philippines — The country’s balance of payments (BOP) reverted to a deficit of $412 million in September, ending two months of surpluses, as the national government paid maturing foreign obligations. Data released by the Bangko Sentral ng Pilipinas (BSP) showed the deficit recorded last month was a complete reversal […]
Read MoreThe private sector has voiced readiness to work with the government to get priority works done and fulfil plans to develop public-private partnership (PPP) mechanisms, harness technology and leverage the benefits secured from trade deals, with a view to supporting a sustainable national economic recovery. This comes on the heels of comments made by Prime […]
Read MoreThe central bank said on Wednesday it extended a corporate bond stabilisation fund for another year to the end of 2022 as the coronavirus situation remained highly uncertain. The fund is aimed at maintaining economic and financial stability, the Bank of Thailand said in a statement. Source: https://www.bangkokpost.com/business/2205047/bank-of-thailand-extends-bond-support-fund-until-end-2022
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