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Updated:  May 21,  2018

• Philippine payments position posts $270-M deficit in April
The country’s overall balance of payments (BOP) position in April posted a deficit of $270 million, a reversal from the $917 million surplus recorded a year earlier, the central bank said on Friday.
“Outflows in April 2018 stemmed mainly from payments made by the national government (NG) for its maturing foreign exchange obligations and foreign exchange operations of the BSP,” according to the Bangko Sentral ng Pilipinas.

• Gemadept eyes 227% rise in profit
Logistics firm Gemadept Corporation (Gemadept) estimates its full-year pre-tax profit will jump 227 per cent to VNĐ2.13 trillion (US$94.7 million) in 2018.

• Foreign portfolio investment yield net inflows in April
Foreign portfolio investment in April amounted to $1.4 billion, a 4.2-percent increase compared with $1.3 billion a year earlier, the Bangko Sentral ng Pilipinas said on Friday.

• Bien Hoa Industrial Park to close
Dong Nai Province has been working with agencies on a project to turn Biên Hoà I Industrial Zone into a commercial and service centre.
The People’s Committee of Dong Nai Province gave approval for Sonadezi, an industrial zone development company, to implement the

• Inflation safely within BI target range at start of Ramadhan
Inflation remains well below the upper limit targeted by Bank Indonesia (BI) as the country heads into the fasting month, which typically sees food prices rise.

   Updated:  May 22,  2018
Singapore
The Straits Times Index (STI) ended 5.05 points or 0.14% lower to 3543.18, taking the year-to-date performance to +4.12%. For more details, go to www.sgx.com/research

Malaysia
The FBM KLCI index lost 8.55 points or 0.46% on Tuesday. The Finance Index increased 0.40% to 18445.19 points, the Properties Index up 0.18% to 1092.06 points and the Plantation Index down 0.23% to 7939.92 points. The market traded within a range of 10.54 points between an intra-day high of 1854.61 and a low of 1844.07 during the session.
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     Updated: April 9, 2018

Chinese Influence Activities with U.S. Allies and Partners in Southeast Asia
This report originally appeared as testimony before the U.S.-China Economic and Security Review Commission. Thank you to the Commissioners for convening this hearing today and inviting me to testify.
The Commission has asked me to focus on assessing China’s relations with U.S. allies and partners in Southeast Asia—specifically, Thailand, the Philippines, Vietnam, and Singapore. I was also asked to address the various tools with which China seeks to influence these countries and their relations with the United States, and to provide related recommendations to the United States Congress.
The questions asked in this hearing today are important and timely. In light of recent revelations regarding Chinese  M
ore
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(Ma Xuejing/China Daily)

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