MANILA, Philippines — For the third straight month, more speculative funds exited the Philippines as net outflow amounted to $486.1 million in January, reversing the $762.82 million inflow recorded in the same month in 2019. The Bangko Sentral ng Pilipinas (BSP) traced the net outflow of foreign portfolio investments last month to the continuing geopolitical […]
Read MoreFacebook yesterday said it removed three unconnected networks of accounts, pages and groups for engaging in foreign or government interference. It said they were examples of “coordinated inauthentic behaviour on behalf of a government or foreign actor – on Facebook and Instagram”. The first operation originated in Russia and primarily targeted Ukraine and its neighbouring […]
Read MoreThe country’s car exports in January recorded the lowest volume in 93 months, totalling 65,295 cars, a sharp drop of 20% year-on-year as overall economic sentiment at import destinations remained downbeat from the US-China trade war. On Thursday the Federation of Thai Industries (FTI) reported monthly figures for car production, sales and exports for January. Surapong […]
Read MoreOnly 600 out of the 12,000 applications to submit a Request for Proposal for land sold by the Yangon regional government are complete and valid, a Yangon city official said. “Most of the applications are not complete or fail to meet requirements,” said U Maung Maung Oo, a former government staff. The Yangon government has […]
Read MoreIndia has issued import licenses for 1.1 million tons of refined palmolein from Indonesia, government and trade sources told Reuters, a move that has surprised the industry as only last month New Delhi restricted imports of the commodity. A resumption in refined palmolein buying by India, the world’s biggest palm oil importer, could lift its […]
Read MoreThe economy will continue to struggle, owing to the downside shock from the coronavirus outbreak and potential delays to the disbursement of fiscal stimulus. Growth of 2.4% in 2019 was already the slowest in five years, significantly lower than the 4.1% expansion in 2018. The National Economic and Social Development Council has lowered its 2020 […]
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Thailand
