MANILA, Philippines — The Philippines maintained its position as the second fastest growing market for motor vehicle production and sales in Southeast Asia, registering double-digit hikes in the 10 months to October. Association of Southeast Asian Nations (ASEAN) Automotive Federation (AAF) data showed a total of 71,758 motor vehicles were assembled in Philippine plants in […]
Read MoreSINGAPORE – Singapore’s labour market is slowly recovering – with more residents being employed and incomes rebounding – but unemployment rates continue to lag behind pre-pandemic levels, according to advance estimates released by the Ministry of Manpower (MOM). The incomes of residents – Singaporeans and permanent residents – rose above pre-Covid-19 levels this year, rebounding […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is pursuing digital solutions to enable offline payments as part of efforts to boost financial inclusion under the government’s Digital Payments Transformation Roadmap. During a virtual conference themed, “Building Back Better: Harnessing Digitalization Towards a Transformed Philippines” organized by the Philippine Economic Society (PES), BSP Governor […]
Read MoreThailand’s manufacturing production index (MPI) in October rose by 2.91% year-on-year to 97.99 points, close to the level recorded for the corresponding month in 2019 — prior to the pandemic, as the industrial sector looks set to gain momentum, says the Office of Industrial Economics (OIE). The improved manufacturing outlook was attributed to various factors […]
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