MANILA, Philippines — Local factory output improved in May as Philippine manufacturers carved some headspace amid a global economic slowdown. Data provided by the Philippine Statistics Authority on Friday showed the volume of production index (VoPI), a measure of manufacturing output, expanded by 8.1% year-on-year in May. This was slightly faster compared to the 7.7% outturn […]
Read MoreKUALA LUMPUR: The decision to maintain the Overnight Policy Rate (OPR) at 3.0 per cent is in line with the global economic development and the inflation rate in Malaysia which shows a declining trend and remains stable. The Ministry of Finance (MoF) said in a statement today that although the global economic outlook is affected […]
Read MoreHANOI: The goal of keeping inflation under 4.5% this year is totally feasible, as the rate will likely range between 2.5 and 3.5%, according to experts. Vice-director of the Institute of Economics and Finance under the Academy of Finance Nguyen Duc Do analysed that factors like money supply, interest rates and aggregate demand not only […]
Read MoreKuala Lumpur MALAYSIA’S central bank maintained the overnight policy rate (OPR) at 3 per cent on Thursday (Jul 6), with inflation easing and the country’s economic growth moderating in recent months. The decision was widely expected by economists as the country’s inflation has shown signs of cooling. In a Reuters poll of 25 economists, 22 had […]
Read MoreTHE Monetary Authority of Singapore (MAS) will change the tax incentives it gives to single family offices in an effort to boost the hiring of locals and investment in the country’s equity markets. Tax incentives will also be adjusted to encourage these firms to invest in climate-related projects and undertake more philanthropy through Singapore, MAS […]
Read MoreFewer businesses in Asia-Pacific reported overdue payments in 2022, but the duration of payment delays increased markedly, according to Coface, the France-based multinational credit insurance and risk management specialist. The share of companies reporting overdue payments fell to 57% in 2022 — the lowest in 10 years — from 64% in 2021. But the average payment […]
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Thailand
