SINGAPORE (CNA) – Singapore’s factory activity expanded for the sixth consecutive month as demand continues to improve amid the COVID-19 pandemic. The Purchasing Managers’ Index (PMI) posted a marginal increase of 0.1 point from the previous month to record an expansion of 50.5 in December, data from the Singapore Institute of Purchasing & Materials Management […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is seen keeping real interest rates in negative territory to help the country recover from the pandemic-induced economic recession through higher spending, according to economists. ING Bank senior economist Nicholas Mapa said the BSP is likely to keep interest rates at an all-time low of two […]
Read MoreThe Hanoitimes – Government support is needed for the local leather and footwear sectors to realize the export target of $20 billion in 2021. Vietnam’s exports of leather and footwear products were estimated to decline by 10% year-on-year to US$16.5 billion in 2020, according to the Vietnam Leather, Footwear and Handbag Association (Lefaso). “The local leather […]
Read MoreThe Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) on Wednesday lowered its growth forecast to 1.5-3.5% this year, from 2.0-4.0% projected last month, saying the country’s new coronavirus outbreak, its most severe yet, will hamper an economic recovery. The downgrade is based on an assumption that the new epidemic is controlled within three […]
Read MoreThai tourists who made hotel bookings under the Rao Tiew Duay Kan (We Travel Together) co-payment scheme and cancelled or postponed their reservations due to concerns over Covid-19 will not lose their privileges under the campaign, according to the government. Deputy government spokeswoman Traisuree Taisaranakul said on Tuesday the government is holding talks with the […]
Read MoreThailand’s headline consumer price index (CPI) in December dropped a less than expected 0.27% from a year earlier, the commerce ministry said on Tuesday. That compared with the forecast for a 0.40% fall in a Reuters poll and followed November’s 0.41% decline. The core CPI index rose 0.19% from a year earlier, compared with a […]
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