SINGAPORE’S factory output expanded by 0.5 per cent on the year in August, down from a revised 0.8 per cent growth in July, according to data from the Singapore Economic Development Board (EDB) on Monday (Sep 26). The month’s figures outperformed median estimates of a Bloomberg poll of private-sector economists, who had expected a 0.7 per […]
Read MoreThe government has vowed to further address mounting public debt and the vulnerability of the macroeconomy to prevent the country from being dragged into default. At the two-day monthly cabinet meeting which wrapped up on Friday, the sectors concerned were told to bring currency exchange rates under control and put a cap on inflation, to […]
Read MoreMANILA, Philippines — The Manila Electric Co. (Meralco) expects a six percent growth in energy sales for the third quarter, buoyed by the recovery of the commercial sector. Meralco first vice president and chief commercial officer customer retail services Ferdinand Geluz said the company’s energy sales during the months of July, August, and September recorded […]
Read MoreVietnam wants to upgrade foreign direct investment (FDI) quality by manufacturing products with higher hi-tech and added value, and multinationals are also striving to do this after many years in Vietnam. At a meeting between the Prime Minister and foreign invested enterprises (FIEs) held on September 17, many foreign corporations showed their plans for research […]
Read MoreThe weak baht could benefit the tourism industry as foreign purchasing power gains value, though it might not be enough to offset high airfares, according to the Thai Hotels Association (THA). Marisa Sukosol Nunbhakdi, president of THA, said currency depreciation is just one of many factors helping to make the Thai tourism industry more attractive in […]
Read MorePETALING JAYA: DHL Express will increase its rate in Malaysia by an average 7.9% effective Jan 1, 2023, compared with 2022. DHL Express Malaysia managing director Julian Neo (pix) said so far, 2022 has been another turbulent year with a volatile market environment challenging global trade. However, it has proven its ability to offer stable […]
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