HANOI -- There is still room for the State Bank of Vietnam to make another policy interest rate cut in 2024 to boost economic growth, Vietnam News reported Monday, citing analysts from Saigon Securities Corporation.

According to the analysts, the reason for the rate cut was that the domestic economic activity had not yet returned to its potential growth trend while 2024 had been planned to be a breakthrough year for the government's medium-term growth plan in the 2021-2025 period. (Vietnam-Interest Rate)

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MANILA -- Economic integration in Asia-Pacific "now ranks close" to that of the European Union (EU) in terms of regional value chains and social integration, according to a report released by the Asian Development Bank (ADB) on Monday.

Based on the Asia-Pacific Regional Cooperation and Integration Index, the region shows integration comparable to the EU in regional value chains, along with people and social integration, said the Asian Economic Integration Report 2024. (Philippines-ADB Report)

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SINGAPORE -- Singapore's manufacturing production increased 1.1 percent year-on-year in January, according to data released by the Economic Development Board Monday.

Transport engineering production increased 43.5 percent year-on-year in January, mainly led by a 69.1 percent growth in the aerospace segment and a 27.6 percent growth in the marine and offshore engineering segment. (Singapore-Economy-Manufacturing) Enditem

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