PETALING JAYA: Manufacturing activities in Malaysia will likely remain subdued for the next several months amid soft global demand. This follows the 10th consecutive month of the sector’s contraction, as indicated by the country’s manufacturing purchasing managers’ index (PMI) in June 2023, which remained below the 50-point threshold separating monthly expansion and contraction. According to […]
Read MoreThe Thai National Shippers’ Council (TNSC) has trimmed its exports forecast to a range of -0.5% to 1% growth, compared with 0-1% growth previously, based on high uncertainty surrounding major trading partners the US, the EU and China, in addition to relatively high global interest rates. Chaichan Chareonsuk, chairman of the TNSC, said exports still have […]
Read MoreMANILA, Philippines — More Filipinos are keeping their money in banks, showing their confidence in the industry despite the series of bank failures in the US, according to the Bangko Sentral ng Pilipinas (BSP). Latest data from the central bank showed deposit growth accelerated to 9.8 percent in end-March from 7.2 percent in the same […]
Read MoreThe National Bank of Cambodia (NBC) yesterday launched the Cambodian Shared Switch (CSS) system that will enable financial service consumers to make interbank transactions such as cash withdrawals, fund transfers, balance inquiries and account statements through ATM (Automatic Teller Machines) debit cards. Consumers who hold ATM debit cards with the CSS logo can also use […]
Read MoreThe stock market has been fluctuating heavily because of profit-taking pressure. However, there has been no sign of cash withdrawal as foreigners continue to buy. The stock market on June 26-30 saw strong selling pressure late last week after the General Statistics Office (GSO) released statistics about the macroeconomic situation in the second quarter which […]
Read MoreOver recent years, several steps have been taken by the state and private sector to bolster the supply of Cambodian bird’s nests for export demand to neighbouring markets such as China and Singapore. The spirited saliva can fetch over $2,000 per kg in overseas markets. The year 2023 marked a clear step forward in this […]
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Thailand
