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Malaysia has benefited from the global shortage of semiconductors in the automobile sector, together with other manufacturing powerhouses in the region.
KUALA LUMPUR: Malaysia’s manufacturing sector expanded for the second month in a row in January 2021, despite the domestic movement control (MCO) and Moody’s Analytics expect it to pick up in coming months.
“We expect industrial production to pick up in the coming months from robust external demand for electronics, and from a rise in oil prices, ” its economist Denise Cheok said on Friday.
She said although restrictions were not as strict as the first round last March, strong export growth more than offset any decline in domestic demand.
Electronics are the Philippines’ top export product, accounting for about half of shipments sold abroad. - Bloomberg
MANILA (Philippine Daily Inquirer/ANN): The Philippines and other Association of Southeast Asian (Asean) countries stand to gain from an anticipated tech exports boom amid the “new normal” of social distancing and working online, Moody’s Analytics said on Wednesday (March 3).
“Vietnam, the Philippines, Malaysia and Thailand are especially well-positioned to benefit from the surge in global consumer electronics demand in the short term, but also from a potential longer-term realignment, as the ongoing global tech battle and concerns regarding intellectual property theft will be pervasive, ” Moody’s Analytics economists Shahana Mukherjee, Denise Cheok and Jesse Rogers said in a report titled “Factory Southeast Asia: Global Manufacturing’s Next Frontier.”
Philippines Seen Settling In for Long Rate Pause: Decision Guide
Feb 11 2021, 5:12 AM
February 11 2021, 2:30 AM
February 11 2021, 5:12 AM
(Bloomberg) The Philippine central bank is set to leave its key interest rate unchanged Thursday, in what could be an extended rate pause amid a recession and quickening inflation.
(Bloomberg) The Philippine central bank is set to leave its key interest rate unchanged Thursday, in what could be an extended rate pause amid a recession and quickening inflation.
Bangko Sentral ng Pilipinas will keep the benchmark rate at 2% on Thursday for a second straight meeting, according to all 19 economists surveyed by Bloomberg. In January, Governor Benjamin Diokno signaled a âlong pauseâ on that front, saying interest rates were likely to remain at their current level for at least two more quarters.