MANILA, Philippines — The country’s manufacturing sector slowed down in July as threats of the COVID Delta variant and other pandemic-related restrictions continue to weaken demand. Market intelligence firm IHS Markit said the country’s headline purchasing managers’ index (PMI) registered at 50.4 last month, lower than the 50.8 recorded in June. Despite the slowdown, July’s […]
Read MorePETALING JAYA: Malaysia’s weak manufacturing activities, as measured by the Purchasing Managers’ Index (PMI), reflect signs of a downturn in the country’s industrial production and gross domestic product performance. This is based on the historical relationship between the PMI and official statistics, according to IHS Markit, which compiled the PMI data. IHS Markit said the […]
Read MoreVietnam’s export earning hit US$27 billion in July, down 0.8 per cent month-on-month and up 8.4 per cent year-on-year, reported the General Statistics Office (GSO). On seven-month calculation, the figure reached $185.33 billion, marking a yearly rise of 25.5 per cent. Of which, $48.52 billion was from domestic economic sector, up 14.6 per cent and […]
Read MoreSINGAPORE – Manufacturing activity in Singapore expanded in July for the 13th month in a row, rising to the highest level since December 2018. The Singapore Purchasing Managers’ Index (PMI) came in at 51 in July, up 0.2 points from the 50.8 in June, according to data released on Monday (Aug 2). The PMI reading […]
Read MoreInternational arrivals may be as low as 500,000 this year as Thailand’s third-quarter prospects remain gloomy, according to the Tourism and Sports Ministry. Despite the uncertain outlook, the creation of new “blue zones” has been devised to lure local and international travellers to safe tourism areas. “If the ongoing outbreak continues past September, the total […]
Read MoreKUALA LUMPUR: Moody’s Investors Service expects Asia-Pacific’s economic activity likely will rebound strongly in 2021 and 2022 as compared with recent performance. In its report on Tuesday, it pointed out however, region’s overall output will likely fall short of pre-pandemic forecasts by 2023 because of deep economic scars from the pandemic. The rating agency said […]
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