SINGAPORE: Asia’s factories saw further easing in demand in May as China’s faltering recovery weighed on a region already smarting from a global trade downturn. Purchasing managers indexes for export powerhouse Taiwan dropped to 44.3 from 47.1 in the previous month, while Vietnam registered the lowest reading since September 2021, according to S&P Global on Friday. […]
Read MoreMANILA, Philippines — Philippine factories posted faster output growth in May, with manufacturers reporting faster delivery of raw materials they need for production, which helped them meet growing demand. Results of a survey of around 400 companies showed the Philippines’ Purchasing Managers’ Index (PMI) — a measure of factory output — went up to 52.2 […]
Read MoreCRYPTO.COM has been granted a major payment institution licence by the Monetary Authority of Singapore (MAS), nearly one year after the crypto company received an in-principle approval from the central bank. This allows the company to continue to extend its digital payment token services to customers in Singapore, it said on Jun 1. Jun 1 […]
Read MoreEASING inflation has allowed Vietnam’s central bank to cut interest rates earlier this year, governor Nguyen Thi Hong said on Thursday (Jun 1). The State Bank of Vietnam will prioritise macroeconomic stability and safety of the country’s banking system, she said in a speech to parliament. “The central bank will stick to its strategy of […]
Read MoreThe Bank of the Lao PDR (BOL) has informed key stakeholders of the objectives of its credit policy in order to stimulate economic growth as part of the implementation of a resolution of the National Assembly. A meeting to outline the objectives of the policy was held at the Prime Minister’s Office on Tuesday, chaired […]
Read MoreThailand’s Manufacturing Production Index (MPI) is expected to be tepid this year, with growth of 0-1% because of a combination of business obstacles domestically and overseas, as the April reading was the lowest in 34 months. The April MPI plunged 8.14% year-on-year to 83.5 points, the seventh consecutive decline since October last year, said the Office […]
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