PETALING JAYA: The seasonally adjusted S&P Global Malaysia manufacturing purchasing managers’ index (PMI) fell slightly to 47.7 in June from 47.8 in May to indicate a tenth consecutive moderation in operating conditions that was the strongest since January. “The latest reading suggests that the weaker trends in official data for manufacturing production and gross domestic […]
Read MoreThe Monetary Authority of Singapore (MAS) is considering a stringent trust requirement on crypto exchanges, requiring them to shift customer assets into trusts by the end of 2023. MAS is also contemplating banning crypto lending and staking for retail investors, aiming to secure investor funds amid the high-risk and speculative nature of the market. Amid […]
Read MoreMANILA, Philippines — Philippine manufacturing activity in June posted its weakest expansion in nearly a year, as growth in production and new orders eased, according to S&P Global Market Intelligence. In a statement yesterday, S&P Global Market Intelligence said the Philippines Manufacturing Purchasing Managers’ Index was at 50.9 in June, down from 52.2 in May. […]
Read MoreKUALA LUMPUR, MALAYSIA – Media OutReach – 4 July 2023 – The Monetary Policy Committee of the Bank Negara Malaysia (BNM) will meet on 5–6 July to make a decision on monetary policy. OctaFX experts anticipate a 25 basis points increase in the interest rate, bringing it to 3.25%. This article delves into the factors influencing this […]
Read MoreDigitalization is transforming industries worldwide, and Cambodia’s energy market is no exception. The adoption of digital technologies is driving significant changes in the way energy is produced, distributed, and consumed in the country. This shift towards digitalization is not only improving efficiency and reducing costs but also opening up new opportunities for sustainable development. Cambodia’s […]
Read MoreInformation technology spending by worldwide banking and investment service businesses is forecast to grow this year by 8.1% to US$652.1 billion, according to Gartner Inc. Spending on software will record the largest growth with an increase of 13.5% from 2022, the tech industry research and consulting group said. Spending in Thailand is forecast to reach […]
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