MANILA, Philippines — More foreign portfolio investments or speculative funds flowed into the Philippines for the second straight month, resulting in a net inflow of $334.51 million in June, according to the Bangko Sentral ng Pilipinas (BSP). The net inflow in June was a complete reversal of the $235.14 million net outflow recorded in the […]
Read MoreEight new projects worth $71.4 million have been approved by the Council for the Development of Cambodia (CDC). The new projects will create over 9,500 jobs at a critical juncture in the Kingdom’s economic recovery. The CDC issued final registration certificates to Hong Cen Max Leather Products, Remstex Fashion, Top Form (Cambodia) Manufacturing, New Wide […]
Read MorePattaya plans to adjust its reopening plan as Thailand may not be able to control the high rate of infections and provide sufficient vaccinations until the fourth quarter. Thanet Supornsahasrungsi, acting president of the Chon Buri Tourism Council, said tourism operators acknowledged the plan to reopen two districts to international tourists in September may be […]
Read MoreKUALA LUMPUR: Bank Negara Malaysia and Bank Indonesia have announced that the expansion of local currency settlement framework to include direct investment, income and transfer, in addition to trade, as eligible underlying transactions, effective today. “It also includes expansion of eligible users of the framework, such as individuals, and additional foreign exchange policy flexibilities, such […]
Read MoreFirms remained optimistic overall of output growth over the coming year. The Vietnam Manufacturing Purchasing Managers’ Index™ (PMI) ticked up to 45.1 in July from June’s reading of 44.1, which, however, signaled deterioration in business conditions across the sector for the second month in a row, according to Nikkei and IHS Markit. A reading below […]
Read MoreMANILA, Philippines — Local factories stayed in expansion mode in July but the growth of output eased, with fresh lockdowns in Metro Manila posing a new threat to manufacturers’ delicate recovery. A monthly survey of 400 companies showed the Philippines’ purchasing managers’ index (PMI), a measure of factory output, fell to 50.4 in July from 50.8 in […]
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