KUALA LUMPUR: Malaysia’s manufacturing sales grew 15.3 per cent year-on-year (y-o-y) to RM126.9 billion in March 2021, the highest growth in 44 months, said the Department of Statistics Malaysia (DoSM). On a monthly basis, the sales value increased by 7.2 per cent, according to chief statistician Datuk Seri Mohd Uzir Mahidin. “The year-on-year increase of […]
Read MoreThe Bank of Thailand (BoT) slashed Thailand’s economic growth forecast for 2021 on Wednesday for the second time this year to 1-2%, largely depending on the procurement and distribution of Covid-19 vaccines. The central bank’s previous estimate of growth of gross domestic product (GDP) was 3% but it now includes three scenarios including the base, […]
Read MoreKUALA LUMPUR: Bank Negara Malaysia’s monetary policy committee maintained the overnight policy rate (OPR) at 1.75%, which was in line with economists’ expectations. Latest indicators point to continued improvements in economic activity in the first quarter and into April, the central bank said in a statement on Thursday after the meeting of the Monetary Policy […]
Read MoreThe Thai durian is still a market leader in China thanks to the free trade agreement (FTA) between the two countries, the Department of Trade Negotiations (DTN) said on Wednesday. Auramon Supthaweethum, DTN director-general, said the export of Thailand’s “king of fruits” in the first quarter of this year to China was worth US$186 million […]
Read MoreKUALA LUMPUR (Bernama) — MIDF Research maintained its view that Bank Negara Malaysia (BNM) will not make any changes to the overnight policy rate (OPR), which stood at 1.75%, as the current rate remains accommodative to support Malaysia’s economic recovery. In a research note today, the brokerage viewed the targeted containment measures in several areas […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has extended anew the zero spread on its peso rediscount loans by another three months to allow banks to tap the facility to meet their temporary liquidity needs. BSP Governor Benjamin Diokno said the Monetary Board approved the extension of the temporary measures in the rediscounting […]
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