KUALA LUMPUR: Malaysia’s Producer Price Index (PPI) contracted at a faster pace of 4.6 per cent year-on-year (y-o-y) in May 2023 compared with the 3.0 per cent drop posted in the preceding month. The Department of Statistics Malaysia (DoSM) said the slide in the PPI for local production was attributed to the decline in several […]
Read MoreThailand’s exports contracted less than expected in May, as higher industrial goods shipments and a weakening baht helped offset some of the impact of sluggish global demand, the Ministry of Commerce said on Tuesday. The dollar value of customs-cleared exports declined 4.6% in May from a year earlier, better than a forecast for an 8% year-on-year […]
Read MoreCambodia exported around 2,575 tonnes of rice for the first time to the Philippine market. This was confirmed by Oknha Chan Sokheang, President of the Cambodian Rice Federation on Monday. Speaking at the inauguration of the rice export market to the Philippines, Sokheng said that the first large-scale export was carried out by the Khmer […]
Read MoreThe State Bank of Vietnam (SBV) has cut regulatory interest rates for four consecutive times since the beginning of this year, in the context that world interest rates continue to rise and stay at a high level. The central bank’s decisions clearly reflect its efforts to support economic growth through the credit channel. At present, […]
Read MorePETALING JAYA: The local economy received its much needed reprieve when the consumer price index (CPI) showed signs of cooling in May. Headline inflation rose at a slower rate of 2.8% year-on-year or y-o-y (April: 3.3%) and core inflation eased slightly to 3.5% y-o-y (April: 3.6%) last month. While this bolsters hopes that the monetary […]
Read MoreECONOMISTS warned of a heightened risk of a technical recession in the first half of 2023, as factory output contracted by 10.8 per cent on year in May, worse than Bloomberg’s median forecast of a 7.3 per cent drop. Electronics continued to disappoint. Marking eight straight months of decline, the fall in Singapore’s manufacturing output […]
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