(Bloomberg) — Indonesia’s inflation pulled back in October as gains in food prices slowed, cushioning the blow of higher pump prices. Headline inflation rose 5.71% year-on-year, much slower than the near-6% notched in September and expected by analysts for this month. Food inflation retreated to 7.04% versus 8.69% in September, while energy costs surged 17%. […]
Read MorePETALING JAYA: The Malaysian manufacturing sector registered a further loss of momentum during October. The seasonally adjusted S&P Global Malaysia manufacturing purchasing managers’ index (PMI) slipped to 48.7 in October from 49.1 in September. The latest reading was indicative of a slight moderation in the health of the sector but one that was the strongest […]
Read MoreThailand’s Manufacturing Production Index (MPI) increased by 3.36% year-on-year to 97.9 points in September, thanks to bustling economic activities, especially in the tourism and export sectors. Exports enjoyed growth while tourism continued to recover, said Warawan Chitaroon, permanent secretary for industry and acting director-general of the Office of Industrial Economics (OIE). “The tourism industry played an […]
Read MoreSINGAPORE’S manufacturers remain negative about business conditions in the next six months, while services firms were less positive, according to separate quarterly surveys on Monday (Oct 31). A net weighted balance of 20 per cent of manufacturers expect a less favourable business situation October 2022 to March 2023, worsening from the previous quarterly survey, where […]
Read MoreMANILA, Philippines — Inflation likely breached the seven percent level in October on the back of transport fare hikes, elevated domestic petroleum prices, higher agricultural commodity prices due to recent typhoons, and the depreciation of the peso, according to the Bangko Sentral ng Pilipinas. BSP Governor Felipe Medalla said inflation last month likely settled within […]
Read MoreIncreasing food and energy price inflation is likely to have a significant impact on families in low-income countries and emerging markets in the Asia Pacific region, according to IMF. The share of families living below half of the annual income per capita may increase up to one percentage point in some countries, said IMF in […]
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