PETALING JAYA: Malaysia’s exports to all major markets, namely Asean, China, the United States, the European Union and Japan, recorded double-digit expansion in June. The strong exports turbo-boosted Malaysia’s total trade performance, which surpassed RM1 trillion in value in just the first six months of the year. According to the International Trade and Industry […]
Read MoreThe International Monetary Fund (IMF) has cut its annual growth forecast for Emerging Asia. It warned that a slower-than-expected vaccine rollout, further virus mutations and tighter financial conditions are risks in the region. It cut its forecast for Gross Domestic Product (GDP) in Emerging and Developing Asia by 1.1 percentage points to 7.5 percent this […]
Read MoreThe ongoing disruption in Ho Chi Minh City and southern provinces poses a threat to the global supply chain of multinational corporations, which source goods from Vietnamese-based suppliers. Nike could soon face a shortage of sneakers as two suppliers – South Korea’s Changshin Vietnam and Taiwan’s Pou Chen Corporation – have had to cease operations […]
Read MoreWe forecast the baht to trade weaker over the near term given continued headwinds to the economy from Covid-19. The spread of the Delta variant has resulted in Thailand battling its worst outbreak since the pandemic began, with new cases averaging above 14,000 daily and deaths above 100. Authorities have responded by tightening mobility restrictions, […]
Read MoreKUALA LUMPUR: Malaysia’s economic fundamentals are still strong and its growth prospect for the medium term is bright, supported by a stable capital market, while the financial sector has ample liquidity and capital buffer, says Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz. He said among the issues raised by the Members of Parliament during […]
Read MoreMANILA, Philippines — Retail prices of construction materials in the capital region did not budge in June, the Philippine Statistics Authority (PSA) said. The Construction Materials Retail Price Index (CMRPI) in the National Capital Region stayed at 1.2 percent, the same level in May and in June last year. The unchanged index indicated the stable […]
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Thailand
