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Philippines: Inflation may have breached 8% in November – BSP

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is not ruling out the possibility that inflation breached eight percent in November as price shocks, including the impact of Severe Tropical Storm Paeng, continued to feed second round effects. BSP Governor Felipe Medalla told reporters on the sidelines of the 2022 Outstanding Stakeholders Appreciation Ceremonies […]

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Myanmar minimum wage to be raised soon

The National Committee for Setting a Minimum Wage will soon announce a new minimum wage, according to an announcement by the Labour Ministry. The last time the minimum was increased was on 14 November 2018 when the minimum wage was set at 4,800 kyats a day. This will be the third time that the National […]

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Malaysia’s manufacturing PMI falls to 47.9 in November

KUALA LUMPUR: The seasonally adjusted S&P Global Malaysia Manufacturing purchasing managers’ index (PMI) slipped to 47.9 in November, down from 48.7 in October. S&P Global, in a statement, said the latest reading pointed to a more marked slowdown in business conditions which was the strongest since August 2021. The latest PMI reading is representative of […]

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