KUALA LUMPUR: Malaysia’s manufacturing sales grew by 5.7% in March 2019 to RM72.4bil compared with RM68.5bil a year ago while the number of workers and the salaries and wages paid also increased, the Statistics Department said. Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said on Friday that on month-on-month growth, sales value rose by 10.1% (RM6.6bil) while on a seasonally adjusted […]
Read MoreTADA, a blockchain-based application by Singapore firm MVL Foundation, was launched in Phnom Penh, Cambodia on Wednesday. MVL signed a memorandum of understanding with Pi Pay, a digital wallet and lifestyle application based in Cambodia. Pi Pay and Alipay will be integrated onto the TADA application in Cambodia to allow for seamless cashless transactions. “This […]
Read MoreIndonesia posted a surplus in its balance of payments for the second successive quarter thanks to the improvement in the current account deficit and surge in capital and financial accounts, Bank Indonesia (BI) announced on Friday. The balance of payments surplus was recorded at US$2.41 billion in the first quarter, lower than the $5.41 billion surplus recorded in the fourth quarter […]
Read MoreKUALA LUMPUR: The Economic Affairs Ministry will focus on developing new industries to drive the nation’s economy to a higher level and in tune with current developments. Its Minister Datuk Seri Mohamed Azmin Ali said the generation of new growth sectors was one of the seven strategic thrusts in the shared prosperity economic model outlined […]
Read MoreMANILA, Philippines (Updated 5:19 p.m.) — The Bangko Sentral ng Pilipinas on Thursday cut its policy rate from a decade-high amid tame inflation recorded in recent months and slower-than-expected economic growth in the first quarter. At its meeting, the BSP’s Monetary Board decided to cut key rate by 25 basis points to 4.5% effective Friday. The central […]
Read More[WASHINGTON] The Trump administration will expand the number of countries it monitors for currency manipulation in an upcoming report expected this month, and Vietnam may be named a currency manipulator, Bloomberg reported on Thursday. Citing people familiar with the matter, Bloomberg said the number of countries on the watch list will rise to about 20 […]
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