KUALA LUMPUR: The headline IHS Markit Malaysia Manufacturing Purchasing Managers’ Index (PMI) rose to 53.9 in April from 49.9 in March, indicating a solid improvement in the health of the manufacturing sector. The PMI is a composite single-figure indicator of manufacturing performance. IHS Markit chief business economist Chris Williamson said the expansion was the strongest […]
Read MoreMANILA, Philippines — Local manufacturers snapped a delicate recovery in output in April after a spike in coronavirus infections triggered a return to strict lockdowns in key urban areas where factories were shuttered anew. The Philippines’ purchasing managers’ index, a measure of factory output, sagged to 49 in last month based on results of a monthly survey of around […]
Read MoreJAKARTA: Indonesia’s economy is expected to have contracted more slowly on an annual basis in the first quarter of 2021 as higher consumer spending and investment helped underpin the economy’s recovery from the COVID-19 pandemic. Southeast Asia’s largest economy is expected to have slumped 0.74% from a year ago during the January-March quarter, after a […]
Read More[SINGAPORE] Travel on compassionate grounds between Singapore and Malaysia will be allowed from May 17, amid Covid-19 restrictions that ban the bulk of cross-border movement. The details of such travel arrangements will be released later, but these will include steps like testing visitors for the coronavirus as well as the need for quarantine, said Singapore’s […]
Read MoreOpening of new cryptocurrency accounts may slow in the second half of this year as the Anti-Money Laundering Office (Amlo) announced local digital exchanges must verify their customers’ identities through a “dip-chip” machine that requires clients to be physically present. The dip-chip requirement comes into effect in July, said Poramin Insom, co-founder and director of […]
Read MorePETALING JAYA: The pace of economic recovery in the second quarter (Q2) will shape how Malaysia’s gross domestic product (GDP) will fare in the second half of the year as the number of Covid-19 cases spike, according to economists. The number of cases recently surpassed the 3,000-mark and this may put a dampener on the […]
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