Foxconn is moving some iPad and MacBook assembly to Vietnam from China at the request of Apple Inc, said a person with knowledge of the plan, as the United States firm diversifies production to minimize the impact of a Sino-US trade war. The development comes as the outgoing administration of US President Donald Trump encourages […]
Read MoreMANILA, Philippines — The net outflow of speculative funds or hot money more than tripled to $3.94 billion from January to October compared to last year’s $1.22 billion despite the strong inflows in October, according to the Bangko Sentral ng Pilipinas (BSP). The BSP traced the higher net outflow of foreign portfolio investments during the […]
Read MoreE-commerce offers businesses, especially small and medium-sized enterprises (SMEs), a direct reach to international customers, boosts their sales, speeds up the marketing process and saves costs, experts have said. Industry insiders were speaking at a seminar on exporting local goods through e-commerce, held by the Vietnam Chamber of Commerce and Industry (VCCI) and the Innovative […]
Read MoreThe tourism sector may have to wait until 2022 to see “normal” revenue, described as 80% of the pre-pandemic level, as major markets are reluctant to ease travel measures unless there is distribution of a successful vaccine, says the Tourism Authority of Thailand (TAT). TAT governor Yuthasak Supasorn said prospects in 2021 remain opaque as […]
Read MorePETALING JAYA: The FBM KLCI has reacted positively after Budget 2021 was passed by lawmakers. At the close, the index was up 14.53 points after the RM322.5bil federal budget, the nation’s largest, was passed despite a call by the Opposition for bloc voting. The event will help suppress the political uncertainty that has been weighing down on […]
Read MoreMANILA, Philippines — The Philippines may incur P3.4 trillion in economic losses this year due to the pandemic and the destruction brought about by the recent typhoons, a lawmaker and economist said. In a virtual economic forum organized by Security Bank, Marikina City Rep. Stella Quimbo said the economic damage arising from the pandemic-induced recession […]
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