THAILAND’S exports are expected to rise between 6 to 8 per cent this year, compared with a previous forecast for a 5 per cent to 8 per cent increase, helped by a weak baht and increased global food demand, the national shippers group said on Tuesday (Aug 2). Exports, a key driver of growth, rose […]
Read MoreASIA’S factories continued to report weakening activity in July amid lingering supply chain complications and a slowing global economy. Purchasing managers’ indexes for South Korea and Taiwan took the biggest hit, according to S&P Global. South Korea’s July PMI slumped to 49.8 from 51.3 in June, its lowest reading since September 2020. New orders contracted and […]
Read MoreAN online portal that links up governments, developers and financiers has been launched by Infrastructure Asia, a government office set up by Enterprise Singapore and the Monetary Authority of Singapore to support infrastructure development. Announcing its launch at the Asia Infrastructure Forum on Tuesday (Aug 2), Second Minister for Finance Indranee Rajah said the portal […]
Read MoreINDONESIA’S central bank continued to build the case to keep its policy rate unchanged for longer, as it sees subsiding food costs and slower global monetary tightening. Bank Indonesia (BI) will continue to normalise monetary policy, but there is no need to quickly raise interest rates like other countries, Governor Perry Warjiyo said in a […]
Read MorePETALING JAYA: After Malaysia’s manufacturing activity saw a muted expansion in July, ranking behind Singapore, Thailand, Indonesia, Vietnam and the Philippines, economists anticipate the momentum going forward to be “moderate”, at best. Amid the threat of inflation, recession and supply chain disruptions, the recovery in factory activities would largely depend on how external headwinds pan […]
Read MoreThailand recorded 3.12 million foreign tourist arrivals from Jan 1 to July 26, a government spokesman said on Tuesday, as the vital tourism sector picks up following an easing of pandemic restrictions. The tourists included 76,739 visitors from Russia, Thanakorn Wangboonkongchana said in a statement. He said the government was aiming for 1 million tourists […]
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