Continuous foreign net outflows from Thailand’s stock market are not caused by headwinds to the economic outlook, but rather the country’s lower competitiveness and structural economic problems, says KKP Research. Foreign investors have been net sellers of Thai stocks since 2013, with a combined value of more than 800 billion baht. Foreign investors have also […]
Read MoreMyanmar Investment Commission has approved a $230.60 million worth Hlegu Industrial Park project, to be invested by Singapore based Sembcorp CSSD Myanmar Co., Ltd, as well as $180 million worth AEON Large Scale Shopping Mall, which will create over 2,300 jobs. In addition to that, the investment body also approved seven new investments in industry, […]
Read MoreFor the first six months of the year, the number of foreign arrivals to the Kingdom dropped by around 65 percent, compared with the same period last year, according to a report from the Ministry of Tourism. The report stated that in June alone, the number of foreign arrivals decreased 97.3 percent. From January to […]
Read MoreIndonesia’s economy suffered its sharpest downturn since the 1998 Asian financial crisis in the second quarter, as the COVID-19 pandemic shut down large parts of the country, ravaging businesses and leaving millions out of work. GDP contracted 5.32 percent in the second quarter, the lowest since the first quarter of 1999, Statistics Indonesia (BPS) announced Wednesday. The figure […]
Read MoreMANILA, Philippines (UPDATE 2 2:20 p.m., Aug. 5) — Prices of basic goods and commodities quickened for the second straight month in July to a 6-month high, propelled by a recovering consumer demand on the second month of economic reopening. Inflation, as measured by the consumer price index, accelerated to 2.7% year-on-year in July, up from 2.5% in […]
Read More[SINGAPORE] Singapore is seeking to open the door to a wider range of business and leisure visitors to boost its hard-hit tourism sector, with the return of mass travel still a long way off amid the pandemic, according to the head of the country’s tourism agency. The industry expects more job losses in the coming […]
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Thailand
