MANILA, Philippines — The government’s budget balance settled into deficit territory again but proved lower in 2022, as revenues scored the benefits of a reopened domestic economy. However, concerns loomed as a limited fiscal space continued to narrow spending on sorely needed socioeconomic programs. Data released by the Bureau of the Treasury on Wednesday showed that […]
Read MoreKUALA LUMPUR: The seasonally adjusted S&P Global Malaysia Manufacturing Purchasing Managers’ Index (PMI) rose to 48.4 in February from 46.5 in January, and posting its highest reading in four months. The index has now, however, pointed to six consecutive months of challenging business conditions, according to S&P Global. In a statement, S&P Global Market Intelligence […]
Read MoreThe Thai economy is expected to grow 3.0% to 3.5% this year, unchanged from a previous forecast, as tourism rebounds but exports weaken, a leading joint business group said on Wednesday. Exports are expected to be flat or fall up to 1% this year, compared with a previous forecast of a rise of 1% to […]
Read MoreMANILA, Philippines — Credit growth softened in January, as the impact of the Bangko Sentral ng Pilipinas’ aggressive interest rate hikes to tame consumer demand fueling painfully-high inflation seeped into the economy. Excluding lending among each other, outstanding loans of universal and commercial banks rose 10.4% year-on-year in January. This was slower than the 13.4% […]
Read MoreJAKARTA : Indonesia’s annual inflation picked up slightly in February, but its core inflation decelerated more than expected, data from its statistics bureau showed on Wednesday. The Consumer Price Index rose 5.47 per cent on a yearly basis in February, roughly in line with the median forecast in a Reuters survey of analysts of 5.44 […]
Read MoreKUALA LUMPUR, March 1 — 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 today, S&P Global said data on output and new […]
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