MANILA, Philippines — The net inflow of foreign direct investments (FDIs) contracted by nearly 26 percent to $2.38 billion in the first five months from $3.19 billion in the same period last year despite the strong recovery in May, according to the Bangko Sentral ng Pilipinas. The BSP attributed the lower inflow to the grim […]
Read MoreThe Hanoitimes – The fact that Vietnam is already a top trade partner with the EU despite not having an FTA in place highlights the opportunities that the EVFTA will create for Vietnamese seafood producers. As the EU – Vietnam Free Trade Agreement (EVFTA) has come into effect, Vietnamese seafood exports are perfectly placed to take […]
Read MoreAs a sign of Cambodia’s rapidly growing economy, the Kingdom is to get a consumer-protection group with the power to jail offenders, close businesses or correct misleading information. The government issued a sub-decree on the organisation and functions for the national committee, giving it powers to investigate both brick and mortar establishments and e-commerce. The […]
Read MoreThe government has ordered state-owned electricity company PLN to lower the electricity rates for all homes and certain businesses to boost the pandemic-hit economy amid low fuel prices. Under the order, PLN will cut its electricity rate, which is expressed in rupiah per kilowatt hour (Rp/KwH), by 1.5 percent. The price is down to Rp […]
Read MoreTHE Monetary Authority of Singapore (MAS) announced on Thursday that it will be taking steps to boost Singapore dollar (SGD) and US dollar (USD) funding for banks, in efforts to promote more stable funding conditions and to strengthen the sector’s resilience. Among the measures is a new MAS SGD Term Facility which will be introduced […]
Read MoreOperators oppose the idea of monopolising the foreign tourism market through the Thailand Longstay Company’s management, saying the private sector is better able to handle this market. Thailand is considering reopening the border for retired tourists in the fourth quarter this year in a designated area in the southern part of the country, said Udom […]
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