MANILA, Philippines — Foreign direct investments (FDI) continued to flow into the country, growing 24 percent in the first four months of the year amid favorable investor sentiment on the back of sound macroeconomic fundamentals and growth prospects. The Bangko Sentral ng Pilipinas (BSP) said FDI inflows amounted to $3.2 billion from January to April […]
Read MoreThe Finance Ministry is pushing electronic payment systems into Cambodia, Laos, Myanmar and Vietnam to help Thai financial institutions access customers in these countries without opening physical branches there. The government is designing the country’s e-payment system to be able to connect with neighbouring countries in the sub-region, said Finance Minister Apisak Tantivorawong, without giving a specific […]
Read MoreThe Trade Industry is getting an additional Rp 2.57 trillion (US$178 million) after the House Commission VI overseeing industry affairs agreed to financially support the development of Industry 4.0. The funds will be used to help adjust five industry segments — textile, garment, automotive, electronics and chemical — to face the so-called fourth industrial revolution […]
Read MoreFive companies have filed lawsuits against the Bandung-Jakarta high-speed train project with the Karawang District Court in West Java, demanding a total compensation of Rp 2.02 trillion (US$141 million) for their properties affected by the project, of which three will proceed to court. PT Gajah Tunggal, PT Karawang Cipta Persada, PT Perusahaan Industri Ceres, PT Batuah Bauntung Karawang […]
Read MoreThe cabinet approved a draft bill Tuesday on the land windfall tax — a levy on inflated property prices driven by transport infrastructure projects. Nathporn Chatusripitak, an adviser to the PM’s Office Minister, said the new tax will charge both individual and corporate owners for commercial purposes and condominium projects worth more than 50 million baht […]
Read MoreKUALA LUMPUR: The growth rate of Malaysia’s gross domestic product (GDP) could fall to below 4% in 2019 if the United States and China continue to hike tariffs on a wider range of imports from each other. Socio-Economic Research Centre (SERC) executive director Lee Heng Guie cautioned that Malaysia’s economic performance could be “substantially affected” […]
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