MANILA, Philippines — More foreign portfolio investments – commonly known as hot money – flowed out of the country in July after global debt watcher Fitch Ratings downgraded its outlook on the Philippines as the country struggled to contain the COVID-19 outbreak, the Bangko Sentral ng Pilipinas (BSP) said. Latest data released by the central […]
Read MoreSecurities stocks have seen significant growth in market prices thanks to mergers and acquisitions (M&A) in Vietnam. APG Securities JSC (APG) have risen 43 per cent for two weeks with six sessions witnessing prices touching the ceiling. APG shares are now being traded around VND16,350 (US$0.72) per share. Louis Capital Joint Stock Company (TGG) announced to […]
Read More20% percent of businesses will not likely survive the Covid-19 pandemic, a professor from the Asian Institute of Management (AIM) said. AIM Professor Rene Domingo during the recent “How businesses can recover and thrive during the crisis” said that businesses that won’t survive the pandemic crisis regardless of what they do and the amount of dole-outs they get are those that […]
Read MoreThe Board of Investment (BoI) anticipates that the value of investment project proposals under its tax privilege programme, especially in such high-tech industries as electronics, will reach a 500-billion-baht target this year despite the volatile Covid-19 situation. While posing a challenge to the global investment environment, the pandemic has also sped up digital industry development, […]
Read MoreThe Logistics Business Association (Loba) and the Singapore-based Supply Chain Asia (SCA) industry body are teaming up to create greater synergy in both countries’ supply chain networks and freight industries, which are widely expected to stage a healthy recovery as the world navigates the post-Covid-19 era. A memorandum of understanding (MoU) was signed to this […]
Read MoreThe attempt to restart the battered tourism industry with the Samui Plus model which started on July 15, following the first-ever reopening plan under the Phuket sandbox, still has a long way to go to shore up the hotel business. As of Aug 24, Samui Plus had welcomed 431 international travellers, of which 34 tourists […]
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