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Indonesia posts 19pc increase in non-oil, non-gas investment

JAKARTA (XINHUA) – Indonesia’s non-oil and non-gas manufacturing industry has recorded a 19 per cent increase in investment, or worth IDR324.5 trillion (USD22.6 billion) in 2021 amid the COVID-19 pandemic, the country’s Industry Minister Agus Gumiwang Kartasasmita said yesterday. The number went up from the 2020 investment valued at USD19 billion and was higher than […]

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Brunei fiscal deficit to narrow this year

Brunei Darussalam’s fiscal deficit is forecast to narrow further to 6.9 per cent of gross domestic product (GDP) this year, following a substantial improvement in 2021, owing to higher oil and gas revenue. Meanwhile, Brunei’s economy is forecast to expand by 3.7 per cent in 2022, after contracting by an estimated 1.5 per cent in […]

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Philippines: Electronics exports reach all-time high in 2021

MANILA, Philippines — The country’s electronics exports hit an all-time high last year amid strong demand for new technologies, the Semiconductor and Electronics Industries in the Philippines Foundation Inc. (SEIPI) said. In a statement, SEIPI said the country’s total electronics exports reached $45.92 billion last year, 12.9 percent higher than the adjusted $40.67 billion in […]

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Vietnam: Banking industry forecasts large-scale recruitment demand

The Vietnamese banking industry will have large-scale recruitment demand this year, recruitment service provider Navigos Group has forecast. In a recent report on recruitment demand for middle and senior personnel in Việt Nam’s market, Navigos Group said that forecast signals in 2022 show that large-scale recruitment demand in the banking sector would continue to increase. “Some banking and securities companies […]

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