MANILA, Philippines — The net inflow of foreign direct investments (FDIs) declined by 18.3 percent to $2.99 billion in the first half from $3.67 billion in the same period last year, according to the Bangko Sentral ng Pilipinas (BSP). The latest contraction, however, was an improvement from the nearly 22 percent decline recorded from January […]
Read MoreThailand is moving cautiously to reopen its borders with a new plan to allow foreign visitors to stay in the country for 90 days, extendable up to 270 days under a special tourist visa scheme (STV), which is projected to generate 12 billion baht a year. Prime Minister Prayut Chan-o-cha said on Tuesday the cabinet […]
Read MoreThe Bank of Thailand’s Monetary Policy Committee (MPC) is not expected to ease the policy rate for the remainder of this year as more government stimulus measures reduce the likelihood of further rate cuts, says the Thai Bond Market Association (TBMA). The Policy Interest Rate Expectation Index for September was at 50, unchanged from the […]
Read MoreThe Hanoitimes – The record US$13.5 billion trade surplus in the eight-month period far exceeded the unprecedented figure of US$11.12 billion last year. In the first eight months of 2020, Vietnam’s trade surplus reached an all-time high of US$13.5 billion, representing a 150% increase compared to the same period of last year (US$5.47 billion), according to […]
Read MoreThe Covid-19 crisis and the ensuing movement control order (MCO) have deep negative ramifications for many Malaysians, especially vulnerable, low-income families. With the exception of the headline news – a three-year peak in the unemployment rate and a contraction of quarterly GDP of over 17% – detailed evidence of the extent of these ramifications has […]
Read MoreSINGAPORE businesses have come in tops in a DBS survey of the digital readiness of corporates in the Asia-Pacific (APAC) region, with 45 per cent of local businesses indicating they have a well-defined digital strategy. Hong Kong came in second at 44 per cent, while Japan – which came in first last year – was […]
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