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 […]
Read MoreThe 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 […]
Read MoreMANILA, 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 […]
Read MoreKUALA 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 […]
Read MoreThailand’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 […]
Read MoreThe Vietnam-China border gate in Quang Ninh was overloaded when thousands of Chinese holidaymakers flocked to the Vietnamese province home to the famed Ha Long Bay to spend the weekend. The Mong Cai border gate, the main entrance for Chinese tourists to the northern Vietnamese province, normally receives 8,000 to 10,000 entries a day, up […]
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