MANILA, Philippines — Sovereign lending by the Asian Development Bank (ADB) to the Philippines will reach around $9.4 billion between 2021 and 2023, with the bulk going into infrastructure, health and employment recovery projects. The Manila-based multilateral bank said the Philippines Country Operations Business Plan 2021-2023 supports programs and policies focused on the acceleration of […]
Read MoreThe Covid-19 crisis has caught back up with retailers again, setting the stage for a hard start to winter. But help may be on the way. The Commerce Department on Wednesday reported that retail sales in November fell a seasonally adjusted 1.1% from the prior month, and adding to the insult revised its October sales […]
Read MoreElectronics manufacturer Foxconn of Taiwan (China) has initiated plans to move part of their assembly line for iPad and MacBook products from China to Vietnam following a request made by tech giant Apple. The new production lines in the country are expected to come into operation during the first half of next year, according to […]
Read MoreKUALA LUMPUR: The ringgit opened slightly lower against the US dollar today as the greenback strengthened slightly due to final talks on the proposed US$900 billion COVID-19 aid bill by White House officials and congress leaders. At 9.03am, the ringgit was quoted at 4.0350/0400 versus the greenback, compared with 4.0320/0370 yesterday. An analyst said that […]
Read MoreThis week the IP Key South-East Asia (SEA) project, funded by the European Union (EU), launched the second phase of the “Your Health Is Priceless” campaign to promote consumer awareness and avoidance of counterfeit cosmetics and personal care products, including beauty goods such as skincare and face injections. The cosmetic sector in Cambodia is projected […]
Read MoreThe Thailand Industrial Sentiment Index (TISI) has grown for the seventh consecutive month to 87.4 points in November from 86 points in October, proving that confidence in the manufacturing sector is improving, Supant Mongkolsuthree, chairman of the Federation of Thai Industries (FTI), said. This confidence has been evidenced by an increase in orders, sales and […]
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