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Philippines: Hot money outflow triples in 10 months

MANILA, Philippines — The net outflow of speculative funds or hot money more than tripled to $3.94 billion from January to October compared to last year’s $1.22 billion despite the strong inflows in October, according to the Bangko Sentral ng Pilipinas (BSP). The BSP traced the higher net outflow of foreign portfolio investments during the […]

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E-commerce serves as a gateway for Vietnamese exports

E-commerce offers businesses, especially small and medium-sized enterprises (SMEs), a direct reach to international customers, boosts their sales, speeds up the marketing process and saves costs, experts have said. Industry insiders were speaking at a seminar on exporting local goods through e-commerce, held by the Vietnam Chamber of Commerce and Industry (VCCI) and the Innovative […]

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Thailand: Tourism prospects opaque

The tourism sector may have to wait until 2022 to see “normal” revenue, described as 80% of the pre-pandemic level, as major markets are reluctant to ease travel measures unless there is distribution of a successful vaccine, says the Tourism Authority of Thailand (TAT). TAT governor Yuthasak Supasorn said prospects in 2021 remain opaque as […]

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Malaysia: Economic uncertainty lifted

PETALING JAYA: The FBM KLCI has reacted positively after Budget 2021 was passed by lawmakers. At the close, the index was up 14.53 points after the RM322.5bil federal budget, the nation’s largest, was passed despite a call by the Opposition for bloc voting. The event will help suppress the political uncertainty that has been weighing down on […]

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Vietnam: Legal clear-up may assist M&A boom

Mergers and acquisitions are expected to receive a push in the months to come on the back of new rules on separation and merger of projects, taking effect from early 2021.  However, more legal clarification may have to be made to welcome new deals. At last week’s conference held by the Vietnam Chamber of Commerce […]

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