KUALA LUMPUR: Malaysia’s petrochemical industry is likely to attract more investment inflows with the development of the Pengerang Integrated Complex (PIC) project, as investments have already hit RM15.3 billion in the first four months of this year, said the Ministry of International Trade and Industry (MITI). Its Secretary-General, Datuk Isham Ishak said the country had […]
Read MoreThe economy expanded at a slower pace in the second quarter, but the government’s think tank is maintaining its growth forecast for 2018 at 4.2-4.7%, while raising the forecast for exports. The National Economic and Social Development Board (NESDB) reported Monday that GDP in the second quarter grew by 4.6% year-on-year, easing from the first […]
Read MoreBank Indonesia has announced that foreign debt grew 5.5 percent year-on-year (yoy) to US$355.7 billion in the second quarter of 2018, slower than growth in the previous quarter, which was 8.9 percent. Foreign debt consisted of $179.7 billion in government and Bank Indonesia debt and $176 billion in private debt, according to the central bank’s […]
Read MorePETALING JAYA: Malaysia is expected to be among the top destinations for an anticipated increase in investments by Singapore-based companies into Asean countries over the next two years. A survey commissioned by HSBC found that Malaysia’s growing consumer market and relative ease of doing business were the main drivers for the country’s inbound investment. HSBC […]
Read MoreThe Federation of Thai Industries (FTI) expects Thailand’s car shipments to Vietnam to continue affecting all carmakers, even after both governments resolved to tackle obstacles posed by Vietnam’s non-tariff barriers. Surapong Paisitpatanapong, the FTI’s automotive industry club spokesman, said the two governments have acknowledged the problem, but the resolution has yet to be implemented by Vietnam. “The […]
Read MoreThe Hanoitimes – For a population of nearly 100 million, of which the majority is at young age and with a steady growth of income per capita, Vietnam is considered potential market for fashion retailers. In the first six months of 2018, revenue in Vietnam of the Indonesian retail operator Mitra Adiperkasa, – the operator of […]
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