KUALA LUMPUR: Bank Negara Malaysia and Bank Indonesia have announced that the expansion of local currency settlement framework to include direct investment, income and transfer, in addition to trade, as eligible underlying transactions, effective today. “It also includes expansion of eligible users of the framework, such as individuals, and additional foreign exchange policy flexibilities, such […]
Read MoreFirms remained optimistic overall of output growth over the coming year. The Vietnam Manufacturing Purchasing Managers’ Index™ (PMI) ticked up to 45.1 in July from June’s reading of 44.1, which, however, signaled deterioration in business conditions across the sector for the second month in a row, according to Nikkei and IHS Markit. A reading below […]
Read MoreMANILA, Philippines — Local factories stayed in expansion mode in July but the growth of output eased, with fresh lockdowns in Metro Manila posing a new threat to manufacturers’ delicate recovery. A monthly survey of 400 companies showed the Philippines’ purchasing managers’ index (PMI), a measure of factory output, fell to 50.4 in July from 50.8 in […]
Read MoreCambodia exported nearly $3 billion worth of agricultural products in the first seven months of the year, a rise of more than 87 percent over the same period in 2020. The Agriculture Ministry says more than 5 million tonnes of agricultural product was shipped to 64 destination countries between January and the end of July. […]
Read MoreExports seem to be the only driver to shore up the fragile Thai economy this year, ravaged by Covid-19 outbreaks. Yet a lingering container shortage and steep freight costs are threatening Thai shipment growth prospects, in addition to a dearth of migrant workers. Freight costs in Thailand have been rising since October 2020 and reached […]
Read MoreMANILA, Philippines — Most economists are convinced inflation eased further in July and returned within the two to four percent target of the Bangko Sentral ng Pilipinas (BSP). The BSP earlier said its expects inflation to pick up anew at a median rate of 4.3 percent in July and has vowed to keep an accommodative […]
Read More
Thailand
