KUALA LUMPUR: As Malaysia looks to transform its economy, there is also a need to reorient its practices and policies to attract quality foreign investments that would help the nation achieve its aspirations. According to World Bank Group lead economist for Malaysia Richard Record, (pic below) the country is now focusing more on quality investments […]
Read MoreMANILA, Philippines — A global think tank yesterday warned that the sustained drop in the country’s imports is shaping up as a big concern on total trade and would affect efforts toward economic recovery. In its latest economic monitor, UK-based Pantheon Macroeconomics said while the contraction in Philippine exports can be considered temporary, the deteriorating […]
Read MoreHanoi: Multinational electronic companies are making moves to increase investment and expand production, to help Ho Chin Minh (HCM) City become a leading production hub. Vo Van Hoan, vice-chairman of the HCM City people’s committee said the city was home to 50 foreign direct investment (FDI) projects with an investment capital of more than US$5bil […]
Read MoreJAKARTA: Indonesia has recorded its first annual import growth since July 2019, indicating a sign of recovery in factory activity and manufacturing investment, following last year’s economic downturn due to the Covid-19 pandemic. Statistics Indonesia (BPS) reported the value of Indonesia’s imports was up 14.86% year-on-year (y-o-y) to US$13.26bil in February, ending the trend of […]
Read MoreThe Kingdom is forecast to register gross domestic product (GDP) growth of 3.5 percent, a sharp reversal of 2020’s contraction of 3.1 percent, the Ministry of Foreign Affairs and International Cooperation has said in its macroeconomic situation report. After registering 7.1 percent GDP growth in 2019, the Kingdom is forecast to reach GDP growth of […]
Read MoreFinance Minister Arkhom Termpittayapaisith feels upbeat about the country’s economic prospects because of the Covid-19 vaccine roll-out in Thailand, predicting the economy will start picking up in the fourth quarter. Speaking after getting a shot of the AstraZeneca vaccine, Mr Arkhom said on Tuesday he believes the inoculations will shore up people’s confidence, leading them to […]
Read More
Thailand
