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Thailand: Businesses urge ease in lockdown

The business sector keeps urging the government to speed up easing the lockdown measures to allow firms to reopen, particularly those related to tourism and border trade, to help prop up employment. Thanavath Phonvichai, president of the University of the Thai Chamber of Commerce (UTCC), said the latest survey on business sentiment nationwide found operators […]

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Philippines: FDI lowest in 6 months

MANILA, Philippines — The net inflow of foreign direct investments (FDIs) fell 31.5 percent to a six-month low of $505 million last February from $737 million in the same month a year ago, prompting the Bangko Sentral ng Pilipinas (BSP) to cut its target by more than half as uncertainties brought about by the coronavirus […]

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Indonesia: Wholesale marketplace Ula secures $10m in seed funding

Newly established Indonesian wholesale marketplace Ula said it has received US$10.5 million in seed funding led by Sequoia India and Lightspeed India, as it seeks to expand its consumer base across Java. The company, which was launched in January, also received investments from San Francisco-based Alter Global, Sinar Mas-backed conglomerate SMDV, among others, along with […]

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