MANILA, Philippines — Central bank approvals for state foreign borrowings continued their climb in the first quarter, reflecting the government’s scouring of funds to finance an ongoing pandemic fight. From January to March, the Bangko Sentral ng Pilipinas (BSP) greenlighted $2.84 billion in offshore debts planned by the government, up 19.4% year-on-year. Compared with the previous […]
Read MoreASIA’S manufacturing activity remained robust through April even as a gauge of factory output in China, the region’s top economy and industrial powerhouse, showed signs of cooling. Taiwan’s IHS Markit April manufacturing purchasing managers’ index rose to 62.4 from 60.8 in March, its highest reading since March 2010. New orders also reached their highest level […]
Read MoreAbout 2,000 companies have expressed an intent to buy Covid-19 vaccines from the government for their 900,000-strong workforce, according to the Thai Chamber of Commerce (TCC). Sanan Angubolkul, the chamber’s chairman, said the companies all wish to shoulder the costs of the jabs for their employees. “They insist that they want to buy from the […]
Read MoreNearly 9,000 domestic trips were made to tourist destinations in the first week after the government lifted an inter-provincial travel ban and reopened tourist-resorts, according to Minister of Tourism on May 3. The travel ban and closures of all resorts were imposed on April 6 and 17 respectively in a bid to curb the spread […]
Read MoreKUALA LUMPUR: The headline IHS Markit Malaysia Manufacturing Purchasing Managers’ Index (PMI) rose to 53.9 in April from 49.9 in March, indicating a solid improvement in the health of the manufacturing sector. The PMI is a composite single-figure indicator of manufacturing performance. IHS Markit chief business economist Chris Williamson said the expansion was the strongest […]
Read MoreMANILA, Philippines — Local manufacturers snapped a delicate recovery in output in April after a spike in coronavirus infections triggered a return to strict lockdowns in key urban areas where factories were shuttered anew. The Philippines’ purchasing managers’ index, a measure of factory output, sagged to 49 in last month based on results of a monthly survey of around […]
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Thailand
