MANILA, Philippines – Short-term foreign funds left the Philippines in droves in October as worries about elevated inflation and a possibility of US Federal Reserve taper prompted the exodus of investments. What’s new Data from the Bangko Sentral ng Pilipinas released Thursday showed foreign portfolio investments recorded a net outflow of $221 million last month. […]
Read MoreAsian markets and oil prices sank while safe havens rallied on Friday over fears of a new Covid variant that scientists warn could be more infectious than Delta and even be more resistant to vaccines, dealing a blow to the global recovery. The B.1.1.529 strain has been blamed for a surge in fresh cases in South Africa […]
Read MoreThe Eastern Economic Corridor (EEC) Office wants more Chinese businesses to invest in the area to facilitate industrial development that is kinder to the environment, in partnership with China-based bank ICBC (Thai). They will conduct a feasibility study on the establishment of the EEC Equity Fund to build investment opportunities for new industrial projects, according […]
Read MoreJoblessness among young men and women in Thailand has reached a level unseen in recent years due to the impact of the Covid-19 pandemic, according to the International Labour Organization (ILO). Youth employment fell by 7% in the first quarter of 2021 from the fourth quarter of 2019, the United Nations agency said in its […]
Read MoreMANILA, Philippines — The Duterte administration will likely miss its budget deficit target this year as easing coronavirus restrictions boost revenue collections while economic managers continue to temper spending to avoid more borrowings. The government posted a budget deficit of P64.3 billion in October, up 10.90% year-on-year, the Bureau of the Treasury reported Thursday. This […]
Read MoreThe Thailand Development Research Institute’s (TDRI) boss openly disapproves of the National Broadcasting and Telecommunications Commission’s (NBTC) stance in the expected merger of two telecom giants True Corp and Total Access Communication (dtac). TDRI president Somkiat Tangkitvanich blamed the NBTC for “failing to do its job” for not opposing the planned merger. On November 22 […]
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