SINGAPORE’S factory output eased to 3.4 per cent year on year in March, as the steep fall in biomedical manufacturing could not offset the aerospace segment’s production surge, according to data from the Singapore Economic Development Board (EDB) on Tuesday (Apr 26). Excluding the typically volatile biomedical manufacturing sector, industrial output for the same period […]
Read MoreINDONESIA is prepared to widen a palm oil export ban, which currently only applies to refined palm olein, if local shortages of derivative products used in cooking oil occur, according to details of an official meeting with companies. The world’s biggest palm oil exporter plans from Thursday to stop shipments of refined, bleached and deodorised […]
Read MoreVietnam is likely to complete its target of 6.5 percent in economic growth for 2022, but the goal of keeping the inflation rate under 4 percent is tough, according to Assoc. Dr. To Trung Thanh from the National Economics University (NEU). The increase in commodities’ prices as well as the hike in power prices due […]
Read MoreMANILA, Philippines — Manila-based Asian Development Bank committed $22.8 billion last year for Asia-Pacific to sustain pandemic response and aid in economic recovery, with the Philippines still securing one of the highest lending in the region. Based on its 2021 annual report, the multilateral lender’s commitment from its own resources reached $22.8 billion, down 28 […]
Read MoreSteel consumption in Thailand dropped by 14.3% year-on-year to 2.54 million tonnes between January and February due to a surge in Covid-19 infections, a shortage of construction workers and weak business sentiment, says Tata Steel Thailand Plc (TSTH), a unit of India’s largest steelmaker. The Russia-Ukraine war is also feared to affect global steel prices, […]
Read MoreSINGAPORE – Consumer prices in Singapore saw a spike last month on the back of higher food, services and private transport costs, with inflation hitting a 10-year high, according to data released on Monday (April 25). Core inflation – which excludes accommodation and private transport costs – jumped to 2.9 per cent in March on […]
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