MANILA, Philippines — Foreign direct investments weathered headwinds in February, yielding inflows as an analyst believes an uptrend could materialize in the second half of 2023. Data released by the Bangko Sentral ng Pilipinas on Wednesday amounted to net inflows of $1 billion in February, surging 13% year-on-year. Year-to-date however, FDIs slumped at an annualized […]
Read MoreYANGON, May 9 (Xinhua) — Myanmar earned 384 million U.S. dollars from the exports of garments manufactured under the cut-make-pack (CMP) system in April this year, the state media citing the Myanmar Garment Manufacturers Association reported on Tuesday. The Southeast Asian country exported garments worth 200 million dollars through land borders, while it shipped the […]
Read MoreBrunei Darussalam’s economy is projected to grow by 3.2 per cent in 2023 and also 3.2 per cent next year aided by investments in the fertiliser industry and higher oil and gas prices due to the war in Ukraine. The Sultanate has expanded its fertiliser, oil and gas, and petrochemicals production capacity aggressively in recent […]
Read MoreLaos registered a trade deficit of US$17 million in April, according to official statistics released on Tuesday. Imports and exports during the fourth month of the year totalled US$ 947 million. Exports hit US$465 million, while imports touched approximately US$482 million, according to figures from the Lao Trade Portal of the Ministry of Industry and […]
Read MoreIndonesia’s economy in the first quarter (Q1) of 2023 grew by 5.03 per cent year-on-year (YoY). The manufacturing sector, which had a dominant contribution, grew by 4.43 per cent, as per Statistics Indonesia. The structure of Indonesia’s gross domestic product (GDP) in Q1 2023, on the production side at the current prices, did not show […]
Read MoreAs the general election draws near, implementing collection of a new tax is an extremely sensitive issue and almost unheard of as a political tactic. Given this backdrop, the Revenue Department sidestepped concerns last week that it is considering a new departure tax on outbound travellers, based on a 40-year-old “emergency decree”. The department confirmed it […]
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Thailand
