KUALA LUMPUR: The headline IHS Markit Malaysia Manufacturing Purchasing Managers’ Index (PMI), a composite single-figure indicator of manufacturing performance, rose to 49.9 in March from 47.7 in February. IHS Markit said in a statement the latest reading pointed to a stabilisation in operating conditions, with the headline Index reaching its highest since July 2020. Chief […]
Read MoreFood delivery service Line Man has spurned its rider partners’ demand for a reversal of its recent move to lower the 3-kilometre delivery base payment rate, but vowed to provide better incentives and assistance for riders. Line Man last week reduced the base payment for riders from 62 baht to 50 baht, prompting riders to […]
Read MoreExposure to weak property market could diminish banks’ buffers Debt watcher Fitch Ratings has warned the Philippine banking sector of heightened impairment risks from the property sector. “Protracted economic weakness could expose the banks to lumpy impairments and diminish their loss-absorption buffers – given their high large-borrower concentration and the strong correlation of the property […]
Read MoreThe Ministry of Finance is studying the legal framework for managing cryptocurrencies on stock exchanges which would pave the way for legal cryptocurrency transactions in Vietnam. The ministry said on Tuesday a research group in charge of studying virtual assets and currencies had been set up and started to study and develop the legal framework for the […]
Read MoreDespite the Covid-19 crisis, Bamboo Airways and Vietnam Airlines have announced plans to fly non-stop to the US by the end of this year. The UK Airports Commission has granted slots at Heathrow Airport in London to Vietnam’s Bamboo Airways, commencing in May. A representative of the private air carrier has confirmed the news, saying […]
Read MoreThe manufacturing Purchasing Managers’ Index (PMI) released by IHS Markit jumped to 53.2 in March from 50.9 in February, marking the strongest reading since the survey began in April 2011. Therefore, the index moved further above the 50-threshold, signifying improving operating conditions. March’s increase came on the back of stronger increases in both output and […]
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