Dollarized economy constrains the government from funding development of infrastructure and society. Two images on the back of the 500 riel banknote depict bridges, with the one on the left showing the Kingdom’s longest and most modern bridge, the Tsubasa (“Bird’s Wing”) Bridge linking Kandal and Prey Veng provinces. The bridge was built with $127 […]
Read MoreKUALA LUMPUR : Petroliam Nasional Bhd (Petronas) saw its profit after tax grow 12% to RM23.5bil for the financial year ended Dec 31, 2016, from RM20.9bil in 2015. The national oil company said on Tuesday its FY16 earnings growth was due to lower operating expenditure and tax expenses partially offset by lower average prices. During […]
Read MoreAsean members are holding to their vow to cut import tariffs on 90% of products, amounting to 5,000-6,000 items under the Regional Comprehensive Economic Partnership (RCEP), over the next 15 years. They also plan to push for the conclusion of negotiations this year. According to Commerce Minister Apiradi Tantraporn, who just returned from the 23rd […]
Read MoreNew business registrations rose 3% in February, driven by the economic recovery, state stimulus measures and higher private investment. According to Banjongjitt Angsusingh, director-general of the Business Development Department, the number of new business registration totalled 5,700, with combined registered capital of 26.98 billion baht. “Higher registration came in line with the country’s economic recovery […]
Read MoreSINGAPORE – The ratio of Singaporeans to foreign workers can be adjusted to help businesses address manpower and cost issues without hurting the country’s push for improved productivity and upskilling. This view came front and centre at a post budget panel discussion organised by the Association of Small and Medium Enterprises (ASME) on Tuesday (March […]
Read MoreKUALA LUMPUR (Bernama) – Malaysia’s Industrial Production Index (IPI) grew moderately by 3.5 per cent in January 2017, compared to the same month of last year. In a statement yesterday, the Statistics Department said the expansion was supported by positive growth in all indices, namely manufacturing (4.6 per cent), mining (1.1 per cent) and electricity […]
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Thailand
