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Malaysia: Manufacturing likely to remain subdued

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 […]

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Thailand: Shippers lower exports forecast

The 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 […]

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Philippines: Bank deposits up 10% in March

MANILA, 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 […]

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Cambodia: NBC launches CSS system for common payment, withdrawal

The 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 […]

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Vietnam: GDP grows slowly, stock market remains sluggish

The 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 […]

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