MANILA, Philippines — Philippine factories shrugged off pandemic aches in April as manufacturing output posted its best finish since November 2017, all while weathering a persistent disruption in the global supply chain. In a statement on Monday, S&P Global, formerly IHS Markit, reported the Philippines’ purchasing managers’ index (PMI), a measure of factory output, surged to 54.3 in […]
Read MoreThai export performance remains patchy despite hitting a 30-year high in March, the Thai National Shippers’ Council (TNSC) said on Sunday. Thailand’s exports in March increased 19.5 per cent from a year earlier to US$28.85 billion, rising for the 13th consecutive month. However, export performance varied from sector to sector. The biggest rise was seen […]
Read MoreThe Finance Ministry may extend the reduction of diesel excise tax when the tax cut period expires on May 20 but the new reduction rate may be just Bt1.5, not Bt3, a ministry source said Monday. The source said the extension of the excise cut would depend on several factors, including the global oil situation […]
Read MoreTHAILAND’S retail inflation is poised to accelerate from a 13-year high with the government lifting a freeze on some retail fuel prices, boosting the odds for the central bank to pivot away from its pandemic-era monetary policy accommodation. Retail diesel prices will increase from May 1 after efforts to subsidise the fuel ended up with […]
Read MoreSINGAPORE’S core inflation could hit a peak of around 4 per cent in the third quarter before moderating in late 2022, amid rising price pressures that have been intensified by the Russia-Ukraine war, the Monetary Authority of Singapore (MAS) said in its half-yearly macroeconomic review on Thursday (Apr 28). This is assuming that there is […]
Read MoreINDONESIA should be able to tackle its cooking oil shortage in the next few weeks and lift an export ban on palm oil and its refined products in May, an industry body said on Thursday (Apr 28), a day after a last-minute policy U-turn sparked more alarm for markets. The world’s top palm oil producer […]
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