MANILA, Philippines — Foreign direct investments (FDI) in the Philippines showed stability in the first quarter, growing by two percent amid risks such as the war in Eastern Europe and monetary tightening worldwide. The Bangko Sentral ng Pilipinas (BSP) yesterday reported that FDI went up to $2.44 billion in the first quarter from $2.4 billion […]
Read MoreJAKARTA : Indonesia’s trade surplus likely shrank significantly in May because of a drop in exports after the government banned shipments of palm oil products, while imports were seen rising more quickly, a Reuters poll showed on Tuesday. Eighteen economists in the poll had a median forecast of $3.83 billion trade surplus for May, about […]
Read MoreTourism operators have reached an agreement with the Tourism Authority of Thailand (TAT) to propose a visa fee exemption for international arrivals and an eligibility extension for visitors from nations not requiring a visa to enter the country from 30 to 45 days during the second half of this year. A joint meeting between the […]
Read MoreLOCAL business sentiment has moderated slightly for the second consecutive quarter in the third quarter of 2022, amid a global economic slowdown and geopolitical uncertainties, said the Singapore Commercial Credit Bureau on Tuesday (Jun 14). Its quarterly Business Optimism Index (BOI) slid to +5.10 percentage points in Q3 from +5.35 percentage points in the previous […]
Read MoreThe central bank of the Lao PDR suggests banning members of the general public from owning foreign currencies to address money-related problems including Kip depreciation and rising inflation. KPL reports that the government is about to issue bonds with high interest rates to reduce the volume of cash in circulation next month. This happened after the Bank of Lao […]
Read MoreJAKARTA : Indonesia on Tuesday issued regulations backing recently announced changes on palm oil export tax policy, including lowering the maximum levy rate to $200 a tonne from $375 and charging special rates for its export acceleration programme. The new rates took effect starting on Tuesday, holding until July 31, when the export acceleration programme […]
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