Recto pegs 1Q GDP growth at below 6%
Finance Secretary Ralph Recto says it is possible that the Philippine economy will grow below 6% in the first quarter…
Economy
Malaysia’s manufacturing PMI rises to 49.0 in April, suggesting improved GDP growth – S&P Global
KUALA LUMPUR: The seasonally adjusted S&P Global Malaysia manufacturing purchasing managers’ index (PMI) rose to 49.0 in April from 48.4…
Japan’s factory activity shrinks at a slower pace
Japan’s factory activity shrank at a slower pace in April as declines in output and new orders eased, a private-sector…
Domestic demand to galvanise GDP in 2Q
China’s manufacturing activity expanded for the second consecutive month in April, official survey results showed, pointing to a modest recovery…
China eyes closer economic links with Gulf countries
Amid shifting global dynamics, China and the Gulf states are forging deeper economic connections, particularly in renewable energy, financial markets,…
Australian March retail sales in unexpected decline
Australian retail sales fell unexpectedly in March as cautious consumers pulled back spending amid elevated costs of living, while the…
Marcos hikes 2024 borrowing plan by 4.47%
The Marcos administration is hiking its borrowing plan for this year to 2.57 trillion pesos, as it also expects to…
US lifts borrowing above forecasts to US$243bil
The US Treasury ramped up its estimate for federal borrowing for the current quarter to US$243bil, more than most dealers…
New Zealand business confidence drops to seven-month low
New Zealand business confidence dropped to a seven-month low in April as high interest rates and a sluggish economy curbed…