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Philippines: Hot money hits $334 million in June

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 […]

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Thailand: Pattaya reopening likely to be delayed

Pattaya 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 […]

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Bank Negara, Bank Indonesia include direct investment in currency settlement

KUALA 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 […]

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Vietnam: Business conditions slightly improve in July: PMI

Firms 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 […]

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