MANILA, Philippines — A prolonged economic contraction as a result of fresh lockdowns in the capital and nearby provinces stoked an exodus of short-term foreign funds in April, the Bangko Sentral ng Pilipinas reported Thursday. What’s new? Foreign portfolio investments, also known as “hot money” because of their flighty nature, posted a net outflow of $374 […]
Read MoreFDI commitments to the country returned to positive trend by an expansion of 0.8% year-on-year to US$14 billion. Disbursement of foreign direct investment (FDI) to Vietnam rose by 6.7% year-on-year in the first five months of this year to US$7.15 billion, a report of the Foreign Investment Agency (FIA) under the Ministry of Planning and […]
Read MoreMANILA, Philippines — Global banking giant Citi is retaining its economic growth forecasts for the Philippines even as the recession extended into the first quarter. Nalin Chutchotitham, economist for the Philippines at Citi, said the bank has retained its 4.9 percent gross domestic product (GDP) growth forecast for 2021 and 6.8 percent expansion for 2022. […]
Read MoreCambodia imported $393.5 million worth of pharmaceutical products last year, down by 0.26 per cent from $394.51 million in 2019, according to the Ministry of Commerce’s 2020 Annual Report. Hay Ly Eang, CEO of Pharma Product Manufacturing (PPM), a local distributor and exporter, told The Post that Cambodia imported about 90 per cent of its […]
Read MoreThailand is in dire need of a great overhaul in the post-Covid-19 period with a focus on narrowing economic disparity and investing in advanced technology and environmental conservation, says the state planning unit’s chief. According to Danucha Pichayanan, secretary-general of the National Economic and Social Development Council (NESDC), global trends are expected to lead to […]
Read MoreKUALA LUMPUR: The ringgit opened slightly lower against the US dollar today, as investors returned to safe-haven currencies due to cautious sentiment on the global market, a dealer said. At 9.05am, the local currency declined to 4.1400/1450 against the greenback from Thursday’s close of 4.1380/1410. The dealer said investors reacted from the mixed US economic […]
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