MANILA, Philippines — The recovery of foreign direct investment (FDI) inflows demonstrates investors continued confidence in the Philippines’ long-term growth prospects, according to the Department of Finance (DOF) . In his latest economic bulletin, Finance undersecretary Gil Beltran said that while FDIs initially suffered following the imposition of lockdowns in mid-March, inflows showed a quick […]
Read MoreSINGAPORE: A day after the National Wages Council issued fresh guidelines on pay, tripartite partners followed up with an updated framework for retrenchments signalling that the job situation ahead remains grim. Employers must ensure objective criteria, such as ability, experience and skills, are used should they need to retrench workers. They should also lean towards […]
Read MoreFresh political tensions have spurred communication on social media, with posts shooting up almost 100% from normal days to 40 million on Thursday, says social media analytics firm Wisesight. Brands have begun to hold back on digital media spending in the fourth quarter as political messages flood online platforms, drawing attention away from commercial activity. […]
Read MoreBank Indonesia (BI) will hold its benchmark interest rate in the fourth quarter at 4 percent until the end of 2021 as the central bank focuses on maintaining a stable currency amid the COVID-19 induced uncertainty, analysts have said as they revise their previous projections. In a report released by JP Morgan Chase analyst Nur […]
Read MoreA senior executive officer of Cambodian rice-crackers manufacturer Lyly Food Industry Co Ltd has said the company will build a special economic zone (SEZ) in Preash Sihanouk province and plans to launch it next year. Keo Mom, chief executive officer of the Phnom Penh company, said her brand new SEZ, called Kampong Seila Special Economic […]
Read MoreVietnam has been seen as an ideal destination for foreign companies looking for elsewhere to relocate production channels in a bid to diversify their supply chains in the post-Coronavirus pandemic. The process of investment relocation may take time but Vietnam has been active to grasp opportunities resulted from such strategic shift. Successful containment of COVID-19 […]
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Thailand
