phil02
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Philippines: BOP in surplus for 4th straight month

MANILA, Philippines — The country posted a Balance of Payments (BOP) surplus for the fourth straight month in October as more remittances flowed into the country ahead of the Christmas season, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. The country’s BOP position recorded a $163-million surplus in October, reversing the $458-million deficit recorded in […]

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indo01
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Japanese automakers to invest Rp 33.4 trillion in Indonesia

Several Japanese automakers have conveyed plans for further investment in Indonesia, which should help the government implement its roadmap to build a globally competitive automotive industry. “We have received a report about Toyota Group’s expansion plan worth of Rp 28.3 trillion (US$2 billion). This will include the development of Toyota, Daihatsu and Hino [vehicles],” Industry […]

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vn01
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US firms are pouring money into Vietnam LNG market

The Hanoitimes – Investing in the Vietnamese LNG market shows a diversified investment portfolio and part of efforts to balance the two-way trade. A number of American companies are investing in the Vietnamese LNG market as a strategy to catch up with Vietnam’s energy transition and a way to help balance trade between the two countries. […]

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phil01
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Philippines: BSP profit down 14.5% in 9 months

MANILA, Philippines — The net income of the Bangko Sentral ng Pilipinas (BSP) declined by 14.5 percent to P38.65 billion in the first nine months from P45.23 billion in the same period last year amid higher expenses and lower gains from foreign exchange transactions. Data released by the central bank showed total revenues mostly comprised […]

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