MANILA, Philippines — The net inflow of foreign direct investments (FDIs) more than doubled to $679 million in April from $317 million a year ago on the back of positive investor sentiment on the country’s macroeconomic fundamentals and strong growth prospects, according to the Bangko Sentral ng Pilipinas. BSP Governor Benjamin Diokno said the 114 […]
Read MoreState-run Electricity Generating Authority of Thailand (Egat) estimates electricity output and imports this year to rise by 1.68% to 195.16 billion kilowatt hour (KWH), from 191.93 billion KWH last year, due to a extended hot season and positive socio-economic factors. Egat governor, Boonyanit Wongrukmit, said the increase is based on assumptions that power demand will […]
Read MoreThe country risks fuelling the decade-high unemployment rate and household debt with the imposition of lockdown-like measures to contain the deadliest Covid outbreak, according to some economists. The greater Bangkok area, accounting for about 50% of gross domestic product, will shutter shopping malls, spas, massage and beauty clinics for at least two weeks starting Monday. […]
Read MoreSINO-SINGAPORE collaboration will continue to strengthen, despite disruptions that have been brought on by the pandemic, said Minister for Health Ong Ye Kung at the FutureChina Global Forum on Monday. In his speech, Mr Ong outlined several points for deeper bilateral collaboration as China further develops the Guangdong-Hong Kong-Macau Greater Bay Area (GBA) and the […]
Read MoreLow vaccination rates and rising Coronavirus cases are likely to hurt a nascent revival in regional economies, according to some of the world’s leading banks. HSBC has cut its annual growth forecast for Vietnam to 6.1 percent this year, from an April estimate of 6.6 percent expansion. In January, the bank predicted 7.6 percent growth. […]
Read MoreJAKARTA (BLOOMBERG) – Bank Indonesia could begin tightening monetary policy next year, including potential moves on interest rates, if the economic recovery remains on track and policymakers see signs of inflation. The bank’s exit strategy is to gradually reduce liquidity in the financial system “and then later, the end of next year, maybe some interest […]
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