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Vietnam’s FDI disbursement rises nearly 7% in Jan-May

FDI commitments to the country returned to positive trend by an expansion of 0.8% year-on-year to US$14 billion. Disbursement of foreign direct investment (FDI) to Vietnam rose by 6.7% year-on-year in the first five months of this year to US$7.15 billion, a report of the Foreign Investment Agency (FIA) under the Ministry of Planning and […]

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Citi keeps Philippine growth forecasts despite Q1 slump

MANILA, Philippines — Global banking giant Citi is retaining its economic growth forecasts for the Philippines even as the recession extended into the first quarter. Nalin Chutchotitham, economist for the Philippines at Citi, said the bank has retained its 4.9 percent gross domestic product (GDP) growth forecast for 2021 and 6.8 percent expansion for 2022. […]

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Cambodia: Pharma imports inch down 0.26%

Cambodia imported $393.5 million worth of pharmaceutical products last year, down by 0.26 per cent from $394.51 million in 2019, according to the Ministry of Commerce’s 2020 Annual Report. Hay Ly Eang, CEO of Pharma Product Manufacturing (PPM), a local distributor and exporter, told The Post that Cambodia imported about 90 per cent of its […]

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Thailand: Nation requires a ‘great overhaul’

Thailand is in dire need of a great overhaul in the post-Covid-19 period with a focus on narrowing economic disparity and investing in advanced technology and environmental conservation, says the state planning unit’s chief. According to Danucha Pichayanan, secretary-general of the National Economic and Social Development Council (NESDC), global trends are expected to lead to […]

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A customer counts her ringgit notes outside a money changer at the central business district in Singapore in this August 25, 2015 file photo.  Malaysia's ringgit jumped more than 5 percent to a five-week high on October 7, 2015 on stop-loss dollar selling and higher local stocks.  The ringgit, the worst performing Asian currency so far this year, surged as much as 5.2 percent to 4.1600 per dollar, its strongest since Sept 1.     REUTERS/Edgar Su/Files
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Malaysia: Ringgit slips as investors return to safe havens

KUALA LUMPUR: The ringgit opened slightly lower against the US dollar today, as investors returned to safe-haven currencies due to cautious sentiment on the global market, a dealer said. At 9.05am, the local currency declined to 4.1400/1450 against the greenback from Thursday’s close of 4.1380/1410. The dealer said investors reacted from the mixed US economic […]

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Thailand: Concern mounts over gap in GDP inputs

An economist is concerned that a gap in terms of contributions to the country’s gross domestic product (GDP) between tourism-dependent provinces and agriculture-reliant provinces will become wider in the post-pandemic era. The Fiscal Policy Office’s senior expert on macroeconomic policy, Pongnakorn Pochakorn, said even before the pandemic, there was a huge gap in terms of […]

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