FDI inflows to Philippines sharply increase in Sept

Foreign direct investment (FDI) poured into the Philippines surged 116 percent to 680 million USD in September from 314 million USD recorded in the same month last year, according to the Philippine central bank (BPS).
Foreign direct investment (FDI) poured into the Philippines surged 116percent to 680 million USD in September from 314 million USDrecorded in the same month last year, according to the Philippinecentral bank (BPS).

The BPS stated that the increasereflects investors’ continued confidence in the country’s strongeconomic growth and sound macroeconomic fundamentals.

Most FDIsources came from the US, Singapore, Taiwan (China), Japan and Germany,focusing on manufacturing, real estate, wholesale and retail trade,finance and insurance, transportation and warehouse.

Thesignificant rise in FDI during the month was attributed the sustainedgrowth in investments in debt instruments and higher lending of parentcompanies abroad to their local affiliates to fund existing operationsand business expansion plans in the country, the BSP said.

Thebank’s statistics showed that FDI inflows to the Southeast Asian countryin the first nine months of this year reached 4.88 billion USD, 11percent higher than the goal of 4.44 billion USD set for the wholeyear.-VNA

See more

mbassador Anouparb Vongnorkeo, Permanent Representative of Laos to the United Nations (UN) (Photo: https://kpl.gov.la/)

Laos works closely with UNICEF to protect children’s rights

Ambassador Anouparb Vongnorkeo, Permanent Representative of Laos to the United Nations (UN) emphasised the partnership between UNICEF and the Lao government in ensuring and promoting children's rights and well-being, while mentioning challenges ahead, particularly amid climate change and global economic uncertainties.

Deputy for tourism and infrastructure development at the Ministry of Tourism Hariyanto. (Photo: ANTARA)

Indonesia boosts culinary tourism

To promote Indonesian culinary tourism, the Indonesian Ministry of Tourism is currently focusing on culinary products to ensure that tourism products can move up a class. It is also paying attention to wellness tourism, gastronomy, marine, and fashion.

A truck arrives as another departs from Laem Chabang deep-sea port in Chon Buri province. Thai exports to the US could face higher trade barriers. (Photo: Bangkok Post)

Thai exporters risk higher US tariffs: expert

Thai exports to the US that are at risk of US trade barriers include Bluetooth modules, broadband products, solar modules, power adapters, machinery and parts, auto parts, mobile camera modules, and air conditioners.

Illustrative image (Photo: Internet)

Lao, Cambodian Parties vow to tighten ties

The 15th high-level meeting between the Lao People’s Revolutionary Party (LPRP) and the Cambodian People’s Party (CPP) took place in Vientiane, Laos on February 7.