KUALA LUMPUR: Malaysia’s manufacturing sector has shown signs of positive momentum in February 2023, with the seasonally adjusted S&P Global Malaysia manufacturing purchasing managers’ index (PMI) rising to 48.4 from 46.5 in January, recording its highest reading in four months. In a statement yesterday, S&P Global said data on output and new orders in February […]
Read MoreThe Federation of Thai Industries (FTI) expects the new mid-year power tariff, which is used to calculate electricity bills, to not exceed 5 baht per kilowatt-hour (unit) following a drop in liquefied national gas (LNG) prices. The current rate for businesses, in effect from January to April, is 5.33 baht a unit. Energy authorities are discussing […]
Read MoreHONG KONG: Asia’s manufacturing activity shows signs of revival as China’s reopening has provided a lift to the sluggish global economy, although the tailwinds aren’t enough to pull major exporters like Taiwan and Japan out of their slump. The latest round of factory data added to uncertainty as the global economy braces for a downturn, […]
Read MoreINTEREST rates on the latest issuance of Singapore Savings Bonds (SSBs), which opened on Wednesday (Mar 1), have risen again, following a series of declines in recent months. The April tranche of SSBs, which are backed by the Singapore government, is offering a first-year interest rate of 3.01 per cent, and a 10-year average return […]
Read MoreThe 2023 export outlook is growing dimmer, with the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) cutting its export forecast to -1% based on the prospect of a global recession. The committee’s best-case scenario is zero export growth this year. Earlier this year, the group predicted Thailand’s export growth to tally 1-2% in 2023, […]
Read MoreThe US payment service providers Visa Inc and Mastercard Inc will develop their payment technology and financial literacy programs to support small and medium enterprises in Cambodia that are expected to have business interactions with multinational companies from the world’s largest economy in the future, said a senior official of a leading business chamber. The […]
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