Bloomberg Asia’s manufacturers remained under pressure in December as activity continued to contract under the weight of slowing global demand. Several purchasing managers indexes were in negative territory across the region. The S&P Global PMI reading for Vietnam fell to 46.4 from 47.4 in November, its lowest reading since September 2021. A reading above 50 indicates expansion from the ...

  Bloomberg Malaysia expects “some kind of finality” in its review of the 5G mobile services contract by this quarter, said Communications Minister Fahmi Fadzil, amid fears that it would delay the rollout of the high-speed network. The government’s concerns with the 5G services range from the contracts signed to the speed that the network is being deployed, Fahmi said ...

  Bloomberg Singapore’s recovery held up in 2022, with a relatively strong year-end performance shoring up the economy ahead of an expected global slowdown this year. Gross domestic product grew 3.8% during the year, according to advance estimates from the Ministry of Trade and Industry. That’s a slight beat from the government’s projection for a 3.5% annual expansion. The better-than-forecast ...