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UN: Tourism crash to cost trillions

UN: Tourism crash to cost trillions The crash in tourism due to pandemic-related restrictions could cause a loss of more than $4 trillion to the global gross domestic product in 2020 and 2021, according to a … Tourists jump off a catamaran moored in Cane Garden Bay (File photo: JASON SMITH The crash in tourism due to pandemic-related restrictions could cause a loss of more than $4 trillion to the global gross domestic product in 2020 and 2021, according to a United Nations Commission on Trade and Development report published late last month. Vaccine uptake will be key to how fast economies recover, the UN agency found. The report was released as the organisation prepared for its

Bahamian FDI receipts lead global counterparts despite global pandemic

UN report shows The Bahamas nearly doubling closest counterpart in investment performance during global downturn NASSAU, BAHAMAS The Bahamas demonstrated the strongest level of foreign domestic investment (FDI) receipts among Small Island Development States (SIDS) during what has been described as the worst global economic downturn in nearly 100 years. The United Nations Commission on Trade and Development (UNCTAD) released its annual World Investment Report 2021 on June 21, reporting on global and regional FDI trends for the 2020 calendar year. During the pandemic-fueled worldwide economic downturn, foreign investment inflows among SIDS contracted by 40.3 percent globally, and declined for the Caribbean by 36 percent. However, despite the challenging global economic circumstances, The Bahamas experienced a 47 percent increase in FDI receipts from $611 million in 2019 to $897 million in 2020.

M sia remains attractive investment destination in Asia

Mida stated that it has identified 240 high-profile foreign investment projects including Fortune 500 companies in the manufacturing and services sectors, with a combined potential investment value of RM81.9bil. KUALA LUMPUR: Malaysia continues to be the investment destination for high-value manufacturing and global services in Asia, the Malaysian Investment Development Authority (Mida) said. The country remains an attractive investment destination with a favourable environment including the availability of excellent infrastructure, telecommunication services, financial and banking services, supporting industries, skills and trainable workforce, as well market opportunities offered through the 16 Free Trade Agreements that it has signed. Mida has refuted a recent report by a Singapore daily regarding foreign investors fleeing Malaysia, saying it is incorrect.

Malaysia remains alluring investment destination in Asia

Share Malaysia continues to be the investment destination for high-value manufacturing and global services in Asia, according to Malaysian Investment Development Authority (MIDA). The Star ‘Malaysia remains alluring investment destination in Asia’ Tue, 9 February 2021 Malaysia continues to be the investment destination for high-value manufacturing and global services in Asia, the Malaysian Investment Development Authority (Mida) said. The country remains an attractive investment destination with a favourable environment including the availability of excellent infrastructure, telecommunication services, financial and banking services, supporting industries, skills and trainable workforce, as well market opportunities offered through the 16 free trade agreements that it has signed. Mida has refuted a recent report by a Singapore daily regarding foreign investors fleeing Malaysia, saying it is incorrect.

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