SINGAPORE – Singapore’s manufacturing output surged 16.4 per cent last month from a year ago, with robust demand for semiconductors and related equipment, pharmaceuticals and medical devices. This marks a fourth straight month of factory growth, with manufacturing accelerating from the upwardly revised 9.2 per cent rise in January, according to data released on Friday (March 26) by […]
Read MoreVietnam and China are the only two economies in East Asia and Pacific experiencing a V-shaped rebound where output has already surpassed pre-pandemic levels. Vietnam’s GDP growth in 2021 is set to rebound to 6.6%, higher than the government’s target of 6.5%. “Only China and Vietnam are experiencing a V-shaped rebound where output has already […]
Read MoreDeputy Prime Minister and Minister of Economy and Finance (MEF) Dr Aun Pornmoniroth took part in a question and answer session with Khmer Times in conjunction with the 41st anniversary celebrations of the reintroduction of the riel. Here are his responses on the relationship between the National Bank of Cambodia (NBC) and the MEF. Despite being two […]
Read MoreNo changes in key rates MANILA, Philippines — Monetary authorities decided to keep an accommodative stance to support the economy as inflation is now expected to breach the government’s two to four percent target for this year while the country continues to struggle to control the raging COVID-19 pandemic, the Bangko Sentral ng Pilipinas (BSP) […]
Read MoreJAKARTA: Indonesia’s economic recovery will not be disrupted by recent capital outflows and Southeast Asia’s largest economy is set to grow close to 5% this year, a central bank deputy governor said on Friday. Emerging markets have seen capital outflows in recent weeks pressuring their currencies, triggered by uneven economic recovery globally and rising U.S. […]
Read MoreKUALA LUMPUR: Malaysia’s gross domestic product (GDP) is projected to grow by six per cent in 2021, a more moderate pace than the previously estimated 6.7 per cent, said the World Bank. It said the growth is expected to be supported by the gradual strengthening in domestic demand following the vaccine deployment beginning March 2021, […]
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Thailand
