May 2021 – Page 56 – ASEAN Economic Community Strategy Center

May 11, 2021

Foreign investors increase acquisitions of renewable energy projects in Vietnam

Foreign investors from China, Thailand, and Singapore are increasingly acquiring renewable energy projects located at strategic positions from domestic enterprises. Chinese investors are increasing their ownership in numerous renewable energy projects in Central Vietnam, the Central Highlands region, and Southwest Vietnam. Notably, in Dak Nong Province, the joint venture between Hung Bac Energy Investment JSC […]

May 11, 2021

Philippines: Greater Manila lockdowns pull down car sales to 10-month low

MANILA, Philippines — Car sales plummeted to their lowest level in 10 months in April, adding to growing evidence that consumer demand suffered a fresh blow from reinforced lockdowns that likely halted the economy’s already slow bounce-back. A total of 17,843 units were sold by members of the Chamber of Automotive Manufacturers of the Philippines […]

May 11, 2021

Malaysia: Ringgit slips against greenback to end at 4.1160

KUALA LUMPUR: The ringgit slid by 110 basis points against the US dollar today as cautious sentiment prevailed after the announcement of Malaysia’s first quarter of 2021 (Q1 2021) gross domestic product (GDP) results earlier, coupled with the surging Covid-19 cases and the nationwide Movement Control Order (MCO) 3.0. At 6 pm, the local note […]

May 11, 2021

Thailand: Online platform boosts sale of durian to China

Export of durian to China has spiked thanks to an online booking platform set up by the Agriculture and Cooperatives Ministry. Alongkorn Ponlaboot, an adviser to the ministry, said that though it took nine hours to sell the first lot of 20 tonnes of durian, the second lot of 25 tonnes was snapped up in […]

May 10, 2021

Thailand: Baht opens stronger but Covid-19 situation could determine direction

The baht opened at 31.06 to the US dollar on Monday, strengthening from its previous close of 31.17 on Friday. The Thai currency is likely to move between 31 and 31.15 during the day and between 31 and 31.15 this week, Krungthai Bank market strategist Poon Panichpibool said. He suggested that investors monitor the dollar’s […]

May 10, 2021

Vietnam reimagines tourism

Rich in history, vibrant in culture and cuisine, with striking landscapes from mountains in the North to beaches along the coast, Vietnam has become one of the favourite destinations in Southeast Asia. In 2019, the country welcomed a record 18 million foreign visitors and generated total revenue of US$32.8 billion (755 trillion dong) from both […]

Asean News

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Philippines: Government hikes budget for debt payment

Thailand: Behind the power tariff decision

Cambodia’s agricultural product exports at $2.6 billion

More Filipinos went jobless, sought more working hours in June

Cambodia, Laos & Myanmar – 2016 Foreign Investment Outlook

Vietnam: Elusive trade target with Vietnam renewed

Central Group wins bid for Big C Vietnam

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Up to 72 percent of enterprises support TPP

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Monthly Archives: May 2021