In Q2 due to high commodity prices MANILA, Philippines — The manufacturing sector in the Philippines and in Southeast Asia may slow down in the second quarter due to surging commodity prices as an effect of the Russia-Ukraine war. In a report, international think tank Pantheon Macroeconomics said that while manufacturing ended the first quarter […]
Read MoreTHE payment performance of firms in Singapore has shown improvement for the second straight quarter in Q1, said the Singapore Commercial Credit Bureau (SCCB) on Tuesday (Apr 5). “We are seeing a continued uptrend in the payment performance of local firms in the first quarter of 2022,” said SCCB chief executive Audrey Chia. That being […]
Read MoreThe Council of Ministers approved the draft law on food safety on April 1. Pan Sorasak, Minister of Commerce, said that the draft law is another important instrument to facilitate a better business environment in Cambodia. The Ministry of Commerce, which has also been promoting the food business, reiterated that all food vendors must work […]
Read MoreSINGAPORE’S factory activity dipped further in March, mirroring a region-wide drop in manufacturing sentiment amid rising prices and supply chain disruptions. Last month’s Purchasing Managers’ Index (PMI) fell 0.1 point to 50.1, marking the third month of decline, according to the Singapore Institute of Purchasing and Materials Management (SIPMM) on Monday (Apr 4). A reading […]
Read MoreForeign exchange earned by locals in Myanmar must be deposited in accounts at licensed banks and exchanged for the local currency within one working day, the central bank said, as the country’s military authorities seek more control over foreign currency flows. In a notification dated April 3 and published in state media on Monday, the […]
Read MoreThe baht opened at 33.44 to the US dollar on Tuesday, strengthening from Monday’s close of 33.51. Krungthai Bank market strategist Poon Panichpibool predicted the Thai currency would move between 33.35 and 33.55 during the day. Poon said that the baht is likely to swing in a wide range but with no clear sign of direction. Uncertainty […]
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