MANILA: Powered by China’s infrastructure push, Chinese construction steel producers are seeing their best profits in years, lording it over their high-value counterparts in a setback for Beijing’s years-long drive urging steelmakers to move up the value chain. As its manufacturing engine sputters, the world’s second largest economy is increasingly relying on infrastructure spending to […]
Read MoreKUALA LUMPUR: Malaysian palm oil futures on Thursday rose for a second consecutive session on the back of concerns over output growth, although the market had earlier shown mixed signals due to a stronger ringgit and weaker exports. A stronger ringgit, palm’s currency of trade, typically weakens the market as it makes palm oil more expensive for holders of foreign currencies. […]
Read MoreMANILA, Philippines – Total foreign investments approved by the country’s seven investment promotion agencies (IPAs) fell 12.8 percent in the first quarter of the year, the Philippine Statistics Authority (PSA) reported yesterday. Investment pledges cleared in the first three months of the year fell to P22.9 billion from P26.2 billion in the same period last […]
Read MoreHANOI — Vietnam must develop its support industry if it wants to attract more Japanese investment into the manufacturing sector, a recent Japan External Trade Organisation (JETRO) survey shows. JETRO’s chief representative in Hà Nội Hironobu Kitagawa on Thursday outlined low procurement of raw materials and parts as one of the biggest issue that Japanese […]
Read MoreTEMPO.CO, Jakarta – The Central Statistics Agency (BPS) reports that non – oil and gas exports in May hit US$13.02 billion or increased by 6.37 percent on a month-on-month basis and 23.34 percent increase on a year-on-year basis. BPS deputy for social statistics Sairi Hasbullah said that non-oil and gas exports increased by 20.1 percent compared to […]
Read MoreSean Turnell, an economic adviser to the NLD-led government, said that the administration spent the first year stabilising the economy and that the economy would take off soon. He also defended the government’s management of the economy, which saw a drop in foreign direct investment, during the Myanmar-EU Economic Forum organised in Nay Pyi Taw […]
Read More
Thailand
