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Sundaily (Asia) 10/23/2019 23:52
TOKYO: Japanese factory activity shrank at the fastest pace in over three years in October, largely hurt by slumping new orders and output, in yet another sign of broadening economic cracks in the face of slowing global demand and trade frictions. The weak reading adds to pressure on the government and the central bank to take steps to shield the economy from heightening risks to the outlook from a Sino-U.S. trade dispute, slowing global growth and a sales tax hike at home. The Jibun Bank Flash Japan Manufacturing Purchasing Managers' Index (PMI) in October contracted at the quickest pace since June 2016, slipping to 48.5 on a seasonally adjusted basis from a final 48.9 in the previous month. "Manufacturing new orders declined at the fastes.
Sundaily (Asia) 10/23/2019 23:46
KUALA LUMPUR: The World Bank Doing Business 2020 Report has ranked Malaysia in 12th position amongst 190 economies worldwide, a further improvement from the 15th spot the previous year, says the International Trade and Industry Ministry. Minister Datuk Darell Leiking said the improved ranking was due to the public and private sector members’ collaboration and commitment within the technical working groups under the Special Task Force to Facilitate Business (PEMUDAH) to improve the ease-of-doing-business environment. “This was supported by strong leadership from PEMUDAH and advisory contributions from the World Bank Group. “Malaysia Productivity Corporation (MPC) as the Secretariat of PEMUDAH works closely with the respective technical worki.

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