The Philippine manufacturing contracted in April as the resurgence of coronavirus disease 2019 (Covid-19) cases prompted factory closures and renewed fall in output, the latest IHS Markit survey revealed. Results released on Monday showed that the purchasing managers index (PMI) sharply fell to 49.0 from 52.2 in March, signalling a marginal contraction in operating conditions […]
Read MoreKUALA LUMPUR: Malaysia’s central bank is expected to leave its key interest rate at a record low on Thursday to help support the economy’s recovery as coronavirus cases rise, even as it has benefited from strong external demand. All 13 economists polled by Reuters saw Bank Negara Malaysia (BNM) keeping its overnight policy rate at […]
Read MoreOnline food delivery operators have seen a substantial growth of orders during the third wave of the pandemic, surging between 26% and 60% from earlier in the year, as more people eat at home. Major mobile operators are riding this wave, enabling subscribers to redeem points for discounts on online food orders. Shri Chakravarthy, country […]
Read MoreCambodia’s garment product exports contracted in the first quarter financial period as hundreds of factories remained closed temporarily because of COVID-19 in Phnom Penh and Takmao city, Kandal province. The Kingdom’s exports of clothes, footwear, and travel goods were valued at $2.4 billion in the first quarter of 2021, a 10 percent decrease compared with […]
Read MorePhilippine headline inflation likely picked up in April after hitting a two-month low in March, analysts polled by The Manila Times said. Projections for the month ranged from 4.5 to 4.8 percent with a 4.6-percent average, slightly higher than the 4.5 percent recorded in March. Inflation in April last year settled at 2.2 percent. The […]
Read MoreKUALA LUMPUR: The government should consider implementing a windfall tax on industries that benefit greatly from the COVID-19 crisis, according to Khazanah Research Institute senior advisor Professor Dr Jomo Kwame Sundaram. “This is precisely the time when you must reform taxes, as you have it (windfall tax) all the time amid extraordinarily high petroleum prices […]
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Thailand
