phil05
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Philippines: OFW remittances post 2-digit growth in May

MANILA, Philippines — Remittances from overseas Filipino workers (OFWs) recorded a double-digit growth for the second straight month in May as deployment continued to accelerate amid the easing of travel restrictions as host countries ramp up COVID-19 vaccination, Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno said yesterday. Diokno said personal remittances grew by 13.3 […]

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Malaysia’s May Industrial Production Index still strong

KUALA LUMPUR: Malaysia’s industrial production remained strong in May 2021 but the robust growth may not be sustainable, according to AmBank Research. It noted that the Industrial Production Index (IPI) growth slowed down during the month with a smaller increase of 26% year-on-year (y-o-y) compared with the 50.1% y-o-y growth seen in April. “The performance […]

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