MANILA, Philippines — More foreign funds flew out of the Philippines than entered for the fifth straight month in July, bucking optimism of an economic rebound after strict lockdowns were eased. Foreign portfolio investments recorded a net outflow of $453.17 million last month, nearly double the previous month’s level, the Bangko Sentral ng Pilipinas (BSP) […]
Read MoreLaos and Japan have agreed to partially reopen travel with one another, allowing long-term residents to travel between the two countries as early as September, according to a recent Kyodo News report. However, the expatriates need to pursue all health guidelines, including staying in quarantine for 14 days after entering their respective countries in a […]
Read MoreIndustry Minister Suriya Jungrungreangkit believes the Thai industrial sector has rebounded as the manufacturing production index (MPI) in July increased for the third consecutive month by 3.12% from June to 85.4 points. Domestic industry, which was hit hard during the enforcement of lockdown measures earlier this year, is returning to normal and this trend will […]
Read MoreThe Ministry of Agriculture, Forestry and Fisheries (MAFF) is promoting the use of an information technology and digital suite designed to establish the country’s Agricultural Big Data Platform (ABDP). The Ministry is also examining opportunities for the establishment of an agricultural product monitoring system through information technology and an agricultural product traceability system for the […]
Read MoreThe government is seeking to improve its tax arrears accounting system after the Supreme Audit Agency (BPK) discovered irregularities in the existing arrangement, Finance Minister Sri Mulyani Indrawati said on Wednesday. Addressing House Commission XI overseeing financial affairs, Sri Mulyani cited a BPK report on weaknesses in the internal monitoring system of the Tax Office […]
Read MoreMANILA, Philippines — Local farmers are claiming that traders and importers managed to corner P51.5 billion in windfall profits during the first year of the opening up of the rice industry to cheap imports. In its latest study, the Federation of Free Farmers said farmers suffered P40 billion in losses and consumers barely gained any […]
Read More
Thailand
