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Gold rises as U.S. dollar weakens
CHICAGO, May 24 (Xinhua) -- Gold futures on the COMEX division of the New York Mercantile Exchange rose on Tuesday as the U.S. dollar index continued to fall.
Full-year GDP target of 5.3% to 6.3% achievable
Finance Minister Tengku Zafrul says the country’s growth is on a firmer footing based on higher domestic and external demand among others.
Indonesia's trade surplus seen narrowing in April
Indonesia likely registered a smaller trade surplus in April compared with March, as the value of exports was squeezed by a dip in commodity prices and due to higher imports over the Muslim fasting month of Ramadan, a Reuters poll showed.
Asean News Headlines at 9pm on Sunday (May 8, 2022)
Here's a look at the news highlights from Asean countries in the Star-AseanPlus section for Sunday (May 8, 2022)
Indonesia ranks third in Asean on manufacturing PMI uptick
The mood of the local manufacturing industry has improved slightly over the past month to rise above most other Asean countries, a report that has been released shows.
Coronavirus: Beijing outbreak ramps up pressure on China’s economic momentum
China’s economy is expected to take a further hit as authorities in Beijing rush to contain a coronavirus outbreak with mass testing and tough restrictions that have left streets and shops empty in the capital during the five-day Labour Day holiday.
Manufacturing sector returns to expansion
KUALA LUMPUR: Operating conditions across the Asean manufacturing sector improved solidly in April, with Malaysian manufacturers signalling a return to expansion territory as new order growth hits an eight-year high.
Malaysia manufacturing PMI returns to expansion in April
KUALA LUMPUR: Malaysia's manufacturing purchasing managers index (PMI) expanded to 51.6 in April from49.6 in March, indicating a renewed improvement in the health of the sector.
Oil climbs 1% after U.S. crude stocks signal tighter supply
SINGAPORE: Oil prices rose at the start of Asian trade on Wednesday after industry data showed drawdowns in U.S. crude and fuel stockpiles, raising supply concerns and offsetting worries about slowing demand from top importer China.
Manufacturing slips but recovery on track
BEIJING: China’s manufacturing activity contracted in April due to a resurgence in domestic Covid-19 infections coupled with uncertainties brought about by geopolitical tensions.
