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Singapore services receipts up 14.5% in Q3

SINGAPORE’S services industries saw their takings rise 14.5 per cent year on year in the third quarter, easing from the 15.6 per cent growth rate in Q2, according to Department of Statistics (Singstat) figures on Friday (Nov 25). On a quarter-on-quarter, non-seasonally-adjusted basis, business receipts were also up 3 per cent in Q3, extending the […]

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Thailand: Tourism workers face uncertainty

Roughly 23% of tourism operators are willing to increase their workforce, but some remain hesitant because of insufficient tourist demand, according to a study by the National Institute of Development Administration (NIDA). “The tourism sector remains bright to some extent as it started gaining momentum after Covid-19 regulations were lifted in the second half,” said Piriya Pholphirul, […]

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Philippines: Hot money snaps 5-month outflow

MANILA, Philippines — More speculative funds flowed into the Philippines than what flowed out in October, ending five straight months of net outflows amid improving global conditions, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. Data released by the central bank showed that total foreign investments registered through authorized agent banks registered a net inflow […]

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FDI flow in Cambodia steady, but for Corona bump

Cambodia is back on the path of attracting FDI after a decline in 2020 due to Covid-19 pandemic. According to the Financial Stability Report 2021 of the National Bank of Cambodia, FDI inflow in 2021 was valued at $3.5 billion Foreign direct investment often reflects the faith and confidence of an individual or an organisation […]

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