KUALA LUMPUR: The Purchasing Managers’ Index (PMI) data for August 2022 signalled an eleventh monthly improvement in business conditions across the Asean manufacturing sector. In its Global Asean Manufacturing PMI report, S&P Global Market Intelligence said growth was supported by quicker upturns in production levels and new factory orders. The headline PMI posted at 52.3 […]
Read MoreBusiness confidence among digital-related enterprises showed no marked improvement in the second quarter, based on a recent Digital Sentiment Index survey, as Thailand grapples with high inflation, international conflicts and uncertain state policies, says the Digital Economy Promotion Agency (Depa). The index was at 46 in the second quarter, compared with 44.8 in the previous quarter. The […]
Read MoreCambodia received a total of $18.4 million for 23 projects as part of the Asian Development Bank’s trust fund, global fund, and special fund financing for projects and technical assistance, according to an ADB report. The top three Developing Member Country (DMC) recipients of trust fund, global fund, and special fund financing for projects and […]
Read MoreMANILA, Philippines — While India may not be a major source of imported rice for the country, the Philippines must prepare to shore up its local production once the world’s top rice shipper starts curbing exports of the commodity, which could further disrupt food supply and raise prices globally. The Indian government is mulling restrictions […]
Read MorePETALING JAYA: Bank Negara Malaysia (BNM) has been urged not to further increase its overnight policy rate (OPR) as past efforts had little effect in quelling growing inflationary pressures. In a statement, former finance minister Lim Guan Eng said raising the OPR would instead adversely affect the people’s socio-economic wellbeing, the domestic investment climate and […]
Read MoreThe baht opened at 36.51 to the US dollar on Tuesday, strengthening from Monday’s close of 36.56. The currency is expected to move between 36.40 and 36.60 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. He said the baht is highly volatile amid concerns over Europe’s energy crisis, which is pressuring the euro […]
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