Indonesia ranks third in Asean on manufacturing PMI uptick
The overall manufacturing PMI for ASEAN grew 1.1 points to 52.8 in the seventh consecutive month of improving figures.
ECONOMIC AFFAIRS
China to power world economic growth against headwinds
Economists and China watchers hold that the country will soon get out of the present predicament and add more impetus to global recovery.
Global inflation straining Nepal’s forex reserves
As a net importing country with imports constituting over 90 percent of international trade, Nepal’s import bill has continued to surge.
Philippines’ national debt hits new high in March weeks before Duterte steps down
The national debt has ballooned to P12.68 trillion in March 2022.
Philippines April inflation jumps to 40-month-high of 4.9 percent
Food inflation alone rose 4 percent last month, up from 2.8 percent in March as flour, oils, as well as sugar prices also picked up.
Number of university graduates in China hits record high amid tight job market
A report also revealed that the hiring needs went down six percent, compared with a 16 percent growth in job applicants from Jan to March 2022.
South Korea far outstrips G-20 average in growth of collective debt
The nation’s collective debt-to-GDP ratio was also found to have continued to rise amid the pandemic.
Australian central bank lifts interest rate for first time in over decade
Figures released by the Australian Bureau of Statistics last week showed inflation had reached a two-decade high of 5.1% in the last 12 months.
South Korea’s consumer price growth hits 13-year high in April
The surge came despite a Bank of Korea benchmark interest rate hike by 25 basis points to 1.5 percent per annum on April 14.
Pakistan, Saudi Arabia to discuss ‘augmenting’ kingdom’s $3 billion deposit
With a yawning current account deficit and foreign reserves falling to as low as $10.8 billion, Pakistan is in need of external finances.