MANILA, Philippines — Foreign funds still mostly pulled out of local financial markets in August, but losses were narrower than previous month even after the government placed key economic centers in brief lockdowns anew. Foreign portfolio investments posted a net outflow of $453.17 million last month, narrower than the $235.38 million in previous month and […]
Read MoreKUALA LUMPUR: CGS-CIMB Research estimates the RM10bil Prihatin Supplementary Initiative Package (Kita Prihatin) will increase the Finance Ministry’s last projected budget deficit by 0.7% of gross domestic product (GDP). The estimated budget deficit may be less if part of the expenditure falls under Budget 2021 or if the funds are reallocated from other budgeted expenses, […]
Read MoreMANILA, Philippines — Consumer confidence sank to historic low in the third quarter while business sentiment likewise took a heavy beating, posing a big challenge to the government relying on its citizens to rebound from an unprecedented economic damage caused by the pandemic. A poll of 5,563 households released by the Bangko Sentral ng Pilipinas (BSP) on […]
Read MoreProcedures for accessing the Government’s credit package for enterprises and individuals affected by the COVID-19 pandemic must be made simpler and… Procedures for accessing the Government’s credit package for enterprises and individuals affected by the COVID-19 pandemic must be made simpler and more rational, experts have said. The Government announced a VND250 trillion (US$10.7 billion) package, […]
Read MoreAirAsia Group announced on Thursday that it is building a super app off its existing mobile application and website to provide services such as e-commerce, delivery and payments. The app is to be available next month in Thailand and Asean. AirAsia chief executive Tony Fernandes said the idea to build a super app came before […]
Read MoreKUALA LUMPUR: Malaysia received RM64.8bil worth of investments in the manufacturing, services and primary sectors for the first six months of the year despite multiple headwinds on the global front. The Malaysian Investment Development Authority (Mida) said the investments involved 1,725 projects, creating 37,110 jobs locally. “Of the total investments approved, domestic direct investments accounted […]
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Thailand
