MANILA, Philippines — Credit growth softened in January, as the impact of the Bangko Sentral ng Pilipinas’ aggressive interest rate hikes to tame consumer demand fueling painfully-high inflation seeped into the economy. Excluding lending among each other, outstanding loans of universal and commercial banks rose 10.4% year-on-year in January. This was slower than the 13.4% […]
Read MoreJAKARTA : Indonesia’s annual inflation picked up slightly in February, but its core inflation decelerated more than expected, data from its statistics bureau showed on Wednesday. The Consumer Price Index rose 5.47 per cent on a yearly basis in February, roughly in line with the median forecast in a Reuters survey of analysts of 5.44 […]
Read MoreKUALA LUMPUR, March 1 — Malaysia’s manufacturing sector has shown signs of positive momentum in February 2023, with the seasonally adjusted S&P Global Malaysia manufacturing purchasing managers’ index (PMI) rising to 48.4 from 46.5 in January, recording its highest reading in four months. In a statement today, S&P Global said data on output and new […]
Read MoreSingapore remained the biggest foreign investor in Vietnam among the 51 countries and territories investing in Vietnam in the first two months of 2023, with 978.4 million USD, making up nearly 31.6% of the total registered foreign direct investment (FDI) in the country, down 42.7% year-on-year, the Ministry of Planning and Investment (MPI) reported. Hanoi […]
Read MoreThe Ministry of Health has issued a new regulation to be put into action 45 days after being posted on the Lao Official Gazelle due to surging prices of medicine and medical products. During and after the Covid-19 pandemic, Laos saw a huge surge in the price of medicine and medical equipment due to low […]
Read MoreThailand’s Manufacturing Production Index (MPI) increased by 6.6% from December last year to reach 99.8 points in January, the highest level in 10 months, thanks to more business activity, driven by an uptick in tourism. However, the January MPI decreased by 4.35% year-on-year due to the global economic slowdown and the impact of the Russia-Ukraine war, […]
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