ASEAN Economic Community Strategy Center

September 24, 2021

Thailand: August exports up 8.9% y/y, below forecast

Exports rose a smaller-than-expected 8.93% in August from a year earlier, Commerce Ministry data showed on Friday. That compares with a forecast rise of 13.5% in August in a Reuters poll and follows July’s 20.27% increase. Earlier this week, Commerce Minister Jurin Laksanawisit said coronavirus restrictions had affected manufacturing and logistics. Source: https://www.bangkokpost.com/business/2187099/august-exports-up-8-9-y-y-below-forecast

September 24, 2021

Electronics propel Singapore factories to 10th straight month of growth in August

SINGAPORE factory output grew for the 10th straight month in August, beating expectations to clock a 11.2 per cent year-on-year expansion. While industrial production slowed down from 16.4 per cent growth in July, the latest increase was still ahead of the median forecast of 8.2 per cent in a Bloomberg poll. Sustained strength in electronics […]

September 24, 2021

Malaysia’s August consumer price index still on downward path as pandemic drags on

KUALA LUMPUR, Sept 24 ― The August consumer price index for Malaysia continued to deflate contracting by 0.2 per cent compared to July in a sign that the economy has yet to recover from the effects of the coronavirus pandemic. Last month’s CPI was up by 2 per cent year-on-year but remained on a downward […]

September 24, 2021

Cambodia: Immunisation campaign a shot in the arm for the economy, ADB says

The Asian Development Bank says Cambodia’s economy will recover strongly next year. It said gross domestic product will expand by 5.5 percent compared with 2021, unchanged from its April survey. The bank says one of the main reasons for the recovery from last year’s 3.1 percent contraction and this year’s ADB forecast of 1.9 percent […]

September 24, 2021

Philippines: No surprise as BSP keeps rates steady

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) yesterday kept its benchmark rate at an all-time low of two percent for a seventh straight meeting to allow the momentum of economic recovery to gain more traction by helping boost domestic demand and market confidence. In a virtual press briefing, BSP Governor Benjamin Diokno said […]

September 24, 2021

Singapore: Jobs Growth Incentive extended to March 2022 but support reduced: MOM

THE government is extending the Jobs Growth Incentive (JGI) to March 2022 to support employers that are expanding their local workforce, the Ministry of Manpower (MOM) said on Friday. “We expect the road ahead to continue to be uneven, so to secure the recovery and support our local jobseekers, we will extend the scheme by […]

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