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China's factory activity contracted for the fifth consecutive month in February, impacting manufacturers across Asia. The official manufacturing purchasing managers index (PMI) for China was 49.1, indicating a contraction, while the Caixin PMI, which focuses on smaller firms, improved to 50.9. Other countries in North Asia, such as Taiwan and Japan, also experienced declines in factory output and new orders due to weak customer spending and reduced international sales. In Southeast Asia, Thailand had the lowest PMI, while Indonesia, the Philippines, and Vietnam posted above-50 readings. Rising prices of raw materials and tepid demand put pressure on factories, and the World Trade Organization warned of weaker-than-expected global commerce due to economic headwinds and protectionism. [Extracted from the article]

China's factory activity contracted for the fifth consecutive month in February, impacting manufacturers across Asia. The official manufacturing purchasing managers index (PMI) for China was 49.1, indicating a contraction, while the Caixin PMI, which focuses on smaller firms, improved to 50.9. Other countries in North Asia, such as Taiwan and Japan, also experienced declines in manufacturing activity due to weak demand and reduced international sales. In Southeast Asia, Thailand had the lowest PMI, while Indonesia, the Philippines, and Vietnam posted above-50 readings. Rising prices of raw materials and tepid demand put pressure on factories, leading to inflationary concerns. The World Trade Organization warned of weaker global commerce due to economic headwinds and protectionism, with trade likely falling short of forecasts. [Extracted from the article]

(Bloomberg) -- Factories in Asia continued to experience weaker activity in July amid China's economic woes, signaling that a manufacturing turnaround could still be far off. Factory activity in North Asia contracted last month as lukewarm demand for goods hit new orders, output and export sales. [Extracted from the article]

(Bloomberg) -- Factories in Asia continued to experience weaker activity in July amid China's economic woes, signaling that a turnaround for the sector could still be far off. China's official manufacturing purchasing managers' index rose slightly to 49.3 in July, beating economists' estimates but still remaining in contraction territory for the fourth straight month. [Extracted from the article]

Indrawati said Indonesia was looking to strengthen its ties with India as both economies look for ways to shield against the impact of China's lackluster performance. (Bloomberg) -- Indonesia Finance Minister Sri Mulyani Indrawati said she was optimistic about the 5% economic growth target this year despite the darkening global outlook, especially from China. Indonesia has been reducing its weekly bond sales as the finance ministry halved its sovereign bond issuance target for this year and will rely on cash reserves to finance the budget. [Extracted from the article]

(Bloomberg) -- Indonesia Finance Minister Sri Mulyani Indrawati said she was optimistic about the 5% economic growth target this year despite the darkening global outlook, especially from China. Indrawati said Indonesia was looking to strengthen its ties with India as both economies look for ways to shield against the impact of China's lackluster performance. [Extracted from the article]

The latest round of factory data adds to uncertainty as the global economy braces for a downturn, amid persistent inflation and high borrowing costs sapping already-fragile demand. (Bloomberg) -- Asia's manufacturing activity showed signs of revival as China's reopening provided a lift to the sluggish global economy, although the tailwinds weren't enough to pull major exporters like Taiwan and Japan out of their slump. [Extracted from the article]

Keywords: ANZ@AU; OCBC@SP; ALLTOP; ASIA; ASIATOP; BUSINESS; CHINA; CONS; CONSD; CORONAVIR; COS; GENTOP; INDUSTRIAL; INDUSTRIES; LEI; LIFESTYLE; TOP; TRAVEL; TRN; TRNTOP; WORLD; WWTOP; WWTOPAS EN ANZ@AU OCBC@SP ALLTOP ASIA ASIATOP BUSINESS CHINA CONS CONSD CORONAVIR COS GENTOP INDUSTRIAL INDUSTRIES LEI LIFESTYLE TOP TRAVEL TRN TRNTOP WORLD WWTOP WWTOPAS Asian countries anticipating a sharp tourism rebound may find that their much-awaited reopening won't have the same boost without Chinese travelers. ANZ@AU, OCBC@SP, ALLTOP, ASIA, ASIATOP, BUSINESS, CHINA, CONS, CONSD, CORONAVIR, COS, GENTOP, INDUSTRIAL, INDUSTRIES, LEI, LIFESTYLE, TOP, TRAVEL, TRN, WORLD, WWTOP, WWTOPAS, TRNTOP. [Extracted from the article]

(Bloomberg) -- Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast. Here's the latest news and analysis from Bloomberg Economics to help you start the day: Global central bank policy is set to diverge this year, as some banks take on the menace of inflation and others stay focused on boosting economic growth. [Extracted from the article]

Keywords: 0751538DSW; 1099@HK; BNTX; MRNA; PFE; SVA; ALLTOP; ASIA; BUSINESS; CHINA; COS; DRG; EXE; GEN; GOV; HEA; HK; INDUSTRIES; NORTHAM; SCIENCE; US; WORLD; WWTOP EN 0751538DSW 1099@HK BNTX MRNA PFE SVA ALLTOP ASIA BUSINESS CHINA COS DRG EXE GEN GOV HEA HK INDUSTRIES NORTHAM SCIENCE US WORLD WWTOP In some of Asia's Covid-19 hotspots, powerful and wealthier citizens are nabbing booster shots even as most people remain unvaccinated, undermining the inoculation strategies of nations struggling with the highly infectious delta variant. QYUK0UT1UM0Z (Bloomberg) -- In some of Asia's Covid-19 hotspots, powerful and wealthier citizens are nabbing booster shots even as most people remain unvaccinated, undermining the inoculation strategies of nations struggling with the highly infectious delta variant. In Indonesia, meanwhile, the military chief, who was also seen and heard on the livestream on the Presidential Secretariat's official channel, denied getting a vaccine booster and said he had used the term 'booster" to refer to a stem cell treatment he had received. [Extracted from the article]

QYUF58DWLU69 (Bloomberg) -- In some of Asia's Covid-19 hotspots, powerful and wealthier citizens are nabbing booster shots even as most people remain unvaccinated, undermining the inoculation strategies of nations struggling with the highly infectious delta variant. In Indonesia, meanwhile, the military chief, who was also seen and heard on the livestream on the Presidential Secretariat's official channel, denied getting a vaccine booster and said he had used the term 'booster" to refer to a stem cell treatment he had received. Keywords: 0751538DSW; 1099@HK; BNTX; MRNA; PFE; SVA; ALLTOP; ASIA; BUSINESS; CHINA; COS; DRG; EXE; GEN; GOV; HEA; HK; INDUSTRIES; NORTHAM; SCIENCE; US; WORLD; WWTOP EN 0751538DSW 1099@HK BNTX MRNA PFE SVA ALLTOP ASIA BUSINESS CHINA COS DRG EXE GEN GOV HEA HK INDUSTRIES NORTHAM SCIENCE US WORLD WWTOP In some of Asia's Covid-19 hotspots, powerful and wealthier citizens are nabbing booster shots even as most people remain unvaccinated, undermining the inoculation strategies of nations struggling with the highly infectious delta variant. [Extracted from the article]

(Bloomberg) -- A 44-year-old Chinese male from Wuhan died in the Philippines on Feb. 1 from the novel coronavirus, the first death recorded outside of China, the World Health Organization said on Sunday. "This is the first reported death outside China, however we need take into mind it is not a locally acquired case", WHO's representative in the Philippines, Rabindra Abeyasinghe, said at the briefing. [Extracted from the article]

(Bloomberg) -- A 44-year-old Chinese male from Wuhan died in the Philippines from the novel coronavirus, the first death recorded outside of China, according to the World Health Organization. The man arrived in the Philippines on Jan. 21 accompanying the country's first confirmed case, a 38-year-old woman, after they had traveled from Wuhan via Hong Kong, Health Secretary Francisco Duque said at a televised briefing in Manila. [Extracted from the article]

The article reports that China has urged the Philippines to stop casinos from hiring of Chinese citizens. Topics discussed Megaworld, real estate company which declines the property sector after a statement on the Chinese embassy website; mentions a large number of Chinese citizen who are illegally recruited and hired in the Philippines; and views of Rens Cruz, an analyst at Regina Capital in Manila on biggest impact that fall on the property sector.

The U.S. is projecting "strategic confusion" in the South China Sea, the Philippines' top diplomat said, prompting the Southeast Asian nation to deepen its ties with China. Still, the Philippines continues to be a U.S. military ally and will come to its side if conflict erupts, Locsin said, adding he wants to retain an almost seven-decade-old defense treaty with the U.S. "It has always been clear, that in a war, we are allies of the United States. [Extracted from the article]

Russia is hiring skilled workers in construction and services and China is asking the Philippines to send over 2,000 English teachers this year, Olalia said on April 20. The Philippines is flexing its muscle to protect workers in other Middle Eastern countries amid cases of employer abuse, Olalia said. [Extracted from the article]