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Philippines: ‘PH to sustain foreign investment inflow in 2017’

BSP cites young population, sound macroeconomic fundamentals The central bank sees continued inflow of foreign direct investments (FDI) into the Philippines in 2017 as the country remains an attractive destination for investors given its young population, vibrant industry sectors and solid macroeconomic fundamentals.  FDI inflow “is going to continue, given the [country’s] sustained economic growth, […]

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Philippines: Feb BoP deficit widest in 4 months

THE Philippines’ balance of payments position yielded a $436 million deficit in February, its widest deficit in four months, central bank data released on Monday showed. The payments deficit expanded from a $251 million gap a year earlier and a $9 million shortfall in January. The February deficit was the widest since November 2016, when […]

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Thailand: Official: Baht surge fits fundamentals

The strengthening baht is in line with the economy’s fundamentals and no intervention by the central bank is needed, says a high-ranking finance official. “The stronger baht that has been observed recently reflects Thailand’s strong economic fundamentals, so we should not panic over it,” said finance permanent secretary Somchai Sujjapongse. The baht rose to 34.66 […]

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Philippines: Foreign investments seen to sustain upsurge

MANILA, Philippines – Despite external economic challenges, the Philippines continues to see strong inflow of foreign direct investments (FDI), driven by the recovery in the manufacturing sector  and  the sustained growth in the services sector, according to the Bangko Sentral ng Pilipinas (BSP). “Manufacturing for instance is picking up again in addition to the usual […]

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Malaysia: Highest foreign net inflow since 2013

KUALA LUMPUR: Foreign investors purchased a whopping RM1.76bil net last week, an amount not seen since May 2013, following the outcome of the 13th General Election (GE13), according to MIDF Research. Indeed, the research house said the last time the amount exceeded RM1bil was in March last year. “Foreign investors have now been net buyers […]

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Thailand: E-commerce competition to fuel growth

Thailand’s e-commerce market can expect to account for 25% of total retail sales by 2025, rising from below 5% now, say executives in the sector, driven by fierce competition among e- commerce operators and the shifting of consumer behaviour towards online shopping. The local e-commerce market is expected to be valued at US$51 billion by […]

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