KUALA LUMPUR: Malaysia’s exports in June contracted by 3.1% to RM76.17bil from a year ago, which was a surprise compared with a Bloomberg survey of a 1.9% increase, as exports to China shrank. The Ministry of International Trade and Industry (MITI) said on Friday the June exports were the lowest since February’s RM66.60bil. MITI said […]
Read MoreMANILA, Philippines — Philippine manufacturing conditions improved at the strongest pace during the year in July, on the back of faster growth in new orders, sales and employment, according to the latest IHS Markit Philippines Manufacturing Purchasing Managers’ Index (PMI). The headline manufacturing PMI for the country rose to 52.1 in July from 51.3 in […]
Read MoreAcross Asia, contract and freelance positions in firms from start-ups to large conglomerates are becoming more commonplace. While still novel in Myanmar, the so-called “gig” economy is expanding as companies turn more cautious when hiring. Meanwhile, workers are opting for the freedom to maintain a better work-life balance or opportunity to earn from diversified sources […]
Read MoreJAKARTA (BLOOMBERG) – Indonesia is planning a slew of incentives for electric-car manufacturers and drivers as it competes with nearby Singapore and Thailand to become the dominant force in South-east Asia for the sector. The move is part of an effort to fortify the local economy and reduce reliance on imported oil. Indonesia, one of the […]
Read MoreOverall consumer prices edged up in July, driven by fresh fruit and vegetables, fresh food, pork, milled rice and milled glutinous rice. The Commerce Ministry reported yesterday the consumer price index (CPI), which gauges headline inflation, rose by 0.98% last month from July 2018, following a 0.87% year-on-year rise in June, 1.15% in May, 1.23% […]
Read MoreASEAN is coming of age. Sixty per cent of the ASEAN population today is under 35 years old. The region is only behind China and India for having the most millennials. ASEAN is also becoming increasingly connected. In 2017, almost half of consumers in ASEAN have a smartphone. And with the price point of smartphones in ASEAN […]
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Thailand
