malay01
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Malaysia: New initiative to boost overseas projects

PETALING JAYA: Malaysia External Trade Development Corp (Matrade) has launched its new enhanced Guidelines for Services Export Fund (SEF) and three new activities to enhance the exports of services. “The SEF is an effort to facilitate and enhance capabilities of Malaysia Services Providers (MSPs) in gaining market access into overseas projects, ” Matrade said in […]

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ADB plans to lend $3.5 billion to Philippines this year

MANILA, Philippines — Manila-based Asian Development Bank (ADB) is planning to lend $3.5 billion or about P168.65 billion to the Philippines this year to help the country recover from the pandemic-induced recession. During the Laging Handa briefing yesterday, ADB country director Kelly Bird said the multilateral lender remains committed in financially supporting the Philippines. “This […]

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Thailand: FTI jittery over new lockdowns

The Federation of Thai Industries (FTI) is worried efforts to restore the reeling Thai and global economies may face a setback as some European countries have renewed lockdown measures amid fears of coronavirus mutations. The FTI’s concerns emerged as Thailand reported a new cluster of Covid-19 infections in Bang Khae district in western Bangkok as […]

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Laos: Inflation down, but financial hardship persists

Although inflation is trending downwards, many people feel their personal situation has not improved at all due to the mismatch between their income and spending. Many Vientiane residents say their income has not increased but prices are continuing to rise, ramping up pressure on their families and making it difficult for them to improve their […]

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Philippines: ING sees strong Q2 GDP rebound

MANILA, Philippines — Dutch financial giant ING Bank said the Philippines is in for a strong bounceback with a double-digit growth in the second quarter, ending five quarters of contraction brought about by the pandemic-induced recession. In a virtual briefing, ING senior economist Nicholas Mapa said the country’s gross domestic product or GDP is seen […]

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