News
Thai manufacturing sector shrinks for 5th month amid ASEAN slowdown
The purchasing managers' Index (PMI) for the ASEAN region fell for the third straight month in December, dropping 0.3 points from November to 49.7.
Red Sea attacks already bigger issue for supply chain than pandemic, maritime advisory warns
A leading ocean supply chain advisory firm is warning that the disruptions to shipping from the Houthi rebel attacks in the Red Sea are already more damaging to the supply chain impact than the early Covid-19 pandemic.
Germany skirts recession at the end of 2023 but faces prolonged slump
Europe’s largest economy contracted by 0.3% year-on-year in 2023, as high inflation and firm interest rates bit into growth, the Federal Statistical Office of Germany said Monday.
U.S. deficit tops half a trillion dollars in the first quarter of fiscal year
The U.S. government ran up another half a trillion dollars in red ink in the first quarter of its fiscal year, the Treasury Department reported Thursday.
Malaysia signs MOU with Singapore to formalise cooperation on Johor-Singapore Special Economic Zone
JOHOR BAHRU (Jan 11): Economy minister Rafizi Ramli has signed a memorandum of understanding (MOU) with Singapore’s minister of trade and industry Gan Kim Yong to formalise the cooperation of both countries on the Johor-Singapore Special Economic Zone (JS
Top Goldman Sachs analyst says the world is moving into a new super cycle
The global economy is moving into a new “super cycle,” with artificial intelligence and decarbonization being driving factors, according to Peter Oppenheimer, head of macro research in Europe at Goldman Sachs.
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