The National Economic and Development Authority (NEDA) of the Philippines has reported that FDI into the country recorded a net sum of 674 million USD in June, a surge of 182.7 percent from 238 million USD in the same period last year.
Hanoi (VNA) - The National Economic and Development Authority(NEDA) of the Philippines has reported that FDI into the country recorded a netsum of 674 million USD in June, a surge of 182.7 percent from 238 million USD inthe same period last year.
In the first half of this year, the country saw registered FDI net inflows of3.6 billion USD, which represented 14 percent lower than the 4.2 billion USDnet inflows recorded in the same time last year.
Despite the first half’s FDI decline, the NEDA showed its upbeat that moreforeign investments will land the country in the time to come.
The administration’s economic managers have been organizing a series of Philippineeconomic conferences overseas, which will include the one in New York, theUS.-VNA
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The World Bank and the Asian Infrastructure Investment Bank have approved a joint credit package worth 415.2 million USD for flood management in select drainage areas in Manila, the Philippines.
The Philippines and the US have agreed to conduct 261 joint military activities next year, as the Philippines is pursuing warmer relations with its ally, a high-ranking Philippine officer announced on October 5.
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The Joint Standing Committee on Commerce, Industry and Banking identified the US tariff reduction as a significant driver behind the improved economic outlook for Thailand.
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The focus of the upcoming ASEAN Summit in October will be on strengthening economic relations through intra-regional trade and investment, as well as regional initiatives on energy networks and connectivity.
Indonesian Ambassador Rina P. Soemarno, who currently serves as Chair of the ASEAN Committee in Prague, emphasised the spirit of regional solidarity and cooperation, and the importance of enhancing ASEAN–Czech Republic relations.
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Vietnamese Ambassador to Israel Ly Duc Trung emphasised ASEAN’s central role in regional mechanisms such as the ASEAN Regional Forum (ARF) and the East Asia Summit (EAS), highlighting its significant contribution to promoting peace, stability, and prosperity in Southeast Asia.
The consumer index of the University of the Thai Chamber of Commerce (UTCC), fell to 51.7 in July from 52.7 in the previous month. The sluggish economy and the trade war, as well as high living costs, continue to undermine confidence, the university said.
Deputy Speaker of the Hungarian National Assembly Istvan Jakab expressed his hope for further deepening Hungary’s ties with ASEAN countries and called for their support for Hungary’s accession to the Treaty of Amity and Cooperation in Southeast Asia.
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The facility was established in response to a growing shift in the Filipino labour force from the Middle East to Japan, where workers are seeking safer working environments.
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Real estate agency ERA Singapore estimated that there are 2,703 condo developments in Singapore today, of which 836 or 31% are at least 30 years old. In 10 years, this number is expected to climb to 1,160, assuming none is sold en bloc.
Illustrative photo (Source: www.bloomberg.com) 
