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Philippines: FDI soar by 54%, hit record $10.5 billion

MANILA, Philippines — The net inflow of foreign direct investments (FDI) soared by 54.2 percent to hit an all-time high of $10.52 billion last year, as global investors returned following the country’s exit from the pandemic-induced recession, the Bangko Sentral ng Pilipinas said. BSP Governor Benjamin Diokno said the amount last year topped the previous […]

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Vietnam: Goods prices increase as petrol price rise

The petrol price hike, which has led to an increase in nearly all goods and services, from food to medicine to fertilizer, has caused consumers constant anxiety. The domestic retail fuel price was adjusted five times from the beginning of the year to March 2. E5 petrol price increased by VND2,918 per liter compared with […]

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Malaysia: IPI increases 4.3% in January 2022

KUALA LUMPUR: Malaysia’s Industrial Production Index (IPI) increased 4.3 per cent in January 2022 compared with the same month of the previous year, the Department of Statistics Malaysia (DoSM) said. Chief statistician Datuk Sri Mohd Uzir Mahidin said the expansion of IPI was contributed by the increment of 6.8 per cent in the manufacturing index […]

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Singapore seeks expats with ‘super’ skills

Singapore is seeking to attract higher-calibre foreign workers under a new points-based visa system, as part of the government’s broader push to boost local employment while positioning itself as a global city, Manpower Minister Tan See Leng said. “What we are trying to do is to be able to differentiate the high talent, the really […]

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Cambodia exports footwear to China under RCEP

Cambodia has exported footwear products to China under the Regional Comprehensive Economic Partnership Agreement, which took effect on January 1 this year. Kith Meng, President of the Cambodia Chamber of Commerce and Chairman of the Asean Business Advisory Council, mentioned the development during a meeting held virtually on Thursday with Satvinder Singh, Deputy Secretary-General for […]

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