MANILA, Philippines — Local factories ran into some headwinds in February as operating conditions continued to pose challenges, despite the boons offered by the Philippine economy’s reopening. A survey of around 400 manufacturers in the country found that the Philippines’ Purchasing Managers’ Index (PMI), a gauge of manufacturing output, grew at a softer pace of […]
Read MoreComplicated procedures for visas to Vietnam are disappointing many foreign tourists, resulting in travelers deciding to choose other regional destinations. The CEO of a Hanoi-based travel firm, who asked not to be named, told VietNamNet that her firm had recently canceled all services (air ticket, hotel and restaurant bookings) for a group of 25 Iranian […]
Read MoreThe rebound in the tourism industry and political parties’ campaign spending ahead of the general election are the factors driving media spending in Thailand this year, says Pawat Ruangdejworachai, chief executive of creative agency Media Intelligence Co. Media spending is expected to grow at 5%, slowing from 7.6% last year because of a sluggish economy, he […]
Read MoreMANILA, Philippines — The government’s budget balance settled into deficit territory again but proved lower in 2022, as revenues scored the benefits of a reopened domestic economy. However, concerns loomed as a limited fiscal space continued to narrow spending on sorely needed socioeconomic programs. Data released by the Bureau of the Treasury on Wednesday showed that […]
Read MoreKUALA LUMPUR: The seasonally adjusted S&P Global Malaysia Manufacturing Purchasing Managers’ Index (PMI) rose to 48.4 in February from 46.5 in January, and posting its highest reading in four months. The index has now, however, pointed to six consecutive months of challenging business conditions, according to S&P Global. In a statement, S&P Global Market Intelligence […]
Read MoreThe Thai economy is expected to grow 3.0% to 3.5% this year, unchanged from a previous forecast, as tourism rebounds but exports weaken, a leading joint business group said on Wednesday. Exports are expected to be flat or fall up to 1% this year, compared with a previous forecast of a rise of 1% to […]
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