KUALA LUMPUR: Malaysia’s industrial production index in May rose 4% on-yearwhich was above the Bloomberg survey of 3.5%, underpinned by electricity, manufacturing and mining. The Statistics Department said on Friday the growth was driven by the increase in all indices: electricity (5.7%), manufacturing (4.2%) and Mining (3.0%). “The manufacturing sector output rose by 4.2% in […]
Read MoreThe government is offering SBR007 retail savings bonds until July 25, through which it aims to collect Rp 2 trillion (US$141.99 billion). The Finance Ministry’s financing and risk management director general, Lucky Alfirman, expressed his optimism that the indicative target of Rp 2 trillion could be achieved as the market had been expanding, in line with […]
Read MoreThai GDP is forecast to expand by 3.3% this year as growth momentum is weighed by an economic slowdown and tepid private investment seen in the first quarter, says Citi Thailand. “There are downside risks for the economy as growth drivers from the public sector seem to dwindle,” said economist Nalin Chatchotitham. Full-year exports are […]
Read MoreThe Bank of Thailand (BOT) has decided to enhance measures to mitigate impact of short-term speculative flows and increase the reporting requirements for non-residents’ holdings of debt securities, BOT’s Assistant Governor for Financial Markets Operations Group Vachira Arromdee said on Friday. The details of the measures are as follows. 1) Enhance “Measures to Prevent Thai […]
Read MoreKUALA LUMPUR: Malaysia expects to beat its approved investments target this year by working with, rather than competing against, its neighbours. The Southeast Asian country has already reached 47% of its full-year goal of 113.5 billion ringgit ($27.6 billion) in the first quarter, with the following two months showing increases compared to 2018, Malaysia Investment […]
Read MoreSINGAPORE’S full-year economic forecast could be cut again, amid market fears of a looming recession, as second-quarter flash data out on Friday showed a much deeper slowdown than had been feared. In the latest whammy to predictions, year-on-year gross domestic product (GDP) growth looks set to ease to a flattish 0.1 per cent in the second […]
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