Due to its successful containment of Covid-19, Vietnam is having a great opportunity to attract foreign investment, with many localities across Vietnam building new industrial zones. The prime minister has approved a plan to build the Gia Binh II Industrial Zone covering 250 hectares in Bac Ninh Province. The project requires an investment of nearly VND4 […]
Read MoreThe cabinet on Tuesday approved a fiscal 2022 budget of 3.10 trillion baht, with a deficit of 700 billion baht, which is 91 billion or 15% higher than fiscal 2021. Sommai Lakananuruk, deputy secretary-general of the Budget Bureau, said the fiscal 2022 budget, starting from Oct 1 this year, would be 186 billion baht or […]
Read MoreKUALA LUMPUR: As Malaysia looks to transform its economy, there is also a need to reorient its practices and policies to attract quality foreign investments that would help the nation achieve its aspirations. According to World Bank Group lead economist for Malaysia Richard Record, (pic below) the country is now focusing more on quality investments […]
Read MoreMANILA, Philippines — A global think tank yesterday warned that the sustained drop in the country’s imports is shaping up as a big concern on total trade and would affect efforts toward economic recovery. In its latest economic monitor, UK-based Pantheon Macroeconomics said while the contraction in Philippine exports can be considered temporary, the deteriorating […]
Read MoreHanoi: Multinational electronic companies are making moves to increase investment and expand production, to help Ho Chin Minh (HCM) City become a leading production hub. Vo Van Hoan, vice-chairman of the HCM City people’s committee said the city was home to 50 foreign direct investment (FDI) projects with an investment capital of more than US$5bil […]
Read MoreJAKARTA: Indonesia has recorded its first annual import growth since July 2019, indicating a sign of recovery in factory activity and manufacturing investment, following last year’s economic downturn due to the Covid-19 pandemic. Statistics Indonesia (BPS) reported the value of Indonesia’s imports was up 14.86% year-on-year (y-o-y) to US$13.26bil in February, ending the trend of […]
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Thailand
