MANILA, Philippines – Foreign direct investment (FDI) inflows recorded a double-digit growth of 11 percent in the first two months on the back of sustained growth in the economy, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. Net FDI inflows amounted to $1.05 billion in the first two months, $104 million higher than the $947 […]
Read MoreThai GDP possibly grew at a marginally faster rate from January to March than in the previous quarter as state investment and private consumption underpinned recovery momentum despite private investment remaining tepid, economists say. “The Thai economy is expected to have grown by 3.3% year-on-year in the first quarter, up from 3% growth recorded in […]
Read More‘We cannot continue to pour in resources,’ its president says of business in the Southeast Asian market. Japan’s second largest convenience store chain FamilyMart plans to stay focused on domestic market as it reported losses in several Southeast Asian economies including Vietnam. Koji Takayanagi, the chain president, said the firm is reviewing loss-making businesses in […]
Read MoreCambodia for the first time will hold the World Economic Forum (WEF) on Asean with Prime Minister Hun Sen opening the three-day meeting today that brings together more than 700 leaders from business, government, academia and civil society. The theme for this year’s WEF on Asean is “Youth, Technology and Growth: Securing Asean’s Digital and […]
Read MoreMANILA, Philippines — The Department of Agriculture (DA) is now calling for the immediate importation of the 250,000 metric tons (MT) of rice that will serve as the country’s buffer stock in time for the coming of the lean months. Agriculture Secretary Emmanuel Piñol said he is now backing the proposal of state-run National Food […]
Read MoreKUALA LUMPUR: Malaysia’s industrial output expanded 4.6% in March from a year ago, boosted by the manufacturing sector, but the growth was slower than Bloomberg’s survey of a 4.8% increase. The Statistics Department said on Thursday the industrial production index’s (IPI) growth was supported by positive growth in manufacturing index (5.9%) and mining index (2.0%). […]
Read More
Thailand
