RTTNews - Tuesday, a revised report from Japan's Ministry of Economy, Trade and Industry revealed that industrial production rose 1.6% in March from the previous month, following a 9.4% decline in February. The ministry confirmed the initial estimate for March. Year-on-year, production plunged 34.2% in March.
Malaysia's manufacturing sector sales value dropped 25.5% year-on-year in March compared to a revised 22.9% fall in February, the Department of Statistics said. The sales value declined by MYR 12.5 billion to MYR 36.6 billion. Month-on-month, the manufacturing sales value rose 6.3% in March.
The Philippine central bank governor Amando Tetangco said the bank will favor to reduce its key interest rate further until it sees signs that the economy is improving.
Hong Kong's Census and Statistics Department said the seasonally adjusted jobless rate rose to 5.3% during February to April from 5.2% recorded in January to March. It was a touch lower than the expected rate of 5.4%.
Elsewhere, the Hong Kong government announced Chief Executive of the Hong Kong Monetary Authority, Joseph Yam, would step down from his post on October 1.
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