KUALA LUMPUR: Business condition in Malaysia’s manufacturing sector remained challenging in September despite the four-month high purchasing managers’ index (PMI) of 47.9 last month versus the 47.4 recorded in August. At the current level, the PMI is broadly indicative of annual gross domestic product growth of between 4.5 per cent and five per cent, according […]
Read MoreKUALA LUMPUR: Banks in India and Indonesia are most prone to a deterioration in corporate debt repayment capacity, followed by banks in Singapore, Malaysia and China, according to Moody’s Investors Service stress test. The stress test was based on an assumption of a 25% decline in earnings before interest, tax, depreciation and amortistion (Ebitda), according […]
Read MoreThailand’s economic growth in the third quarter is likely to improve from the second quarter’s reading, mainly thanks to positive tourism growth and the government’s economic stimulus measures, says the Bank of Thailand. “GDP growth in the third quarter is expected to exceed the 2.3% year-on-year figure in the second quarter, supported by the government’s […]
Read MoreThe Hanoitimes – Rising foreign direct investment and “buoyant domestic demand, as suggested by the recent robust retail sales growth,” will keep the momentum going through year-end and in early 2020, said Maybank economists in a research note. Economists are upgrading their growth projections for Vietnam after data released last weekend showed the economy surged more […]
Read MoreMANILA, Philippines — Customers of Manila Water Company, Inc. will see higher rates on their bills to reflect recent swings in foreign exchange rates. In a disclosure to the stock exchange Monday, the Ayala-led utility company said it will have a Foreign Currency Differential Adjustment, or FCDA, of P0.69 per cubic meter effective October 13. […]
Read MoreBANGKOK: One of the main groups monitoring Thailand’s tourism industry said it’s too early to expect a revival in the sector despite a recent spike in arrivals. The strength of the baht is the biggest impediment to wooing more holidaymakers, the Tourism Council of Thailand said Monday. It revised down its estimate for foreign tourist […]
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