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Indonesia’s inflation hits record 20-year low in August amid declining purchasing power

Indonesia recorded the lowest inflation in two decades in August as consumer prices fell due to weakening purchasing power, Statistics Indonesia (BPS) announced on Tuesday. BPS said Indonesia’s consumer price index (CPI) declined to 1.32 percent in August. The CPI fell further below Bank Indonesia’s 2020 inflation target of 2 to 4 percent to reach the lowest level since May 2000, […]

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Philippines: Factory conditions weaken in August

MANILA, Philippines — Manufacturing conditions in the country deteriorated further in August as the reimposition of a strict two-week lockdown stalled factory operations. The headline IHS Markit Philippines Manufacturing Purchasing Managers’ Index (PMI) fell anew to 47.3 in August from 48.4 in July. This reading, however, was still above the record low PMI of  31.6 […]

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Malaysian financial market remains resilient

PETALING JAYA: The Malaysian financial market remains resilient and continues to function efficiently despite a challenging global economic environment from the Covid-19 pandemic, said the Financial Markets Association Malaysia. The association said in the second quarter, Malaysia’s growth slowed to a pace of -17.1% year-on-year (y-o-y), in line with other regional peers following measures introduced […]

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