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Philippines starts opening bank sector to Asean peers

MANILA, Philippines – The Philippines is set to sign agreements with two more countries as early as next month to open up the banking industry aimed at greater financial integration and economic development among members of the Association of Southeast Asian Nations (ASEAN). Bangko Sentral ng Pilipinas Governor Amando Tetangco Jr. said in a speech […]

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Taxi-hailing app Grab hits Myanmar

Yangon (AFP) – Ride-hailing firm Grab launched a trial service in Yangon yesterday, becoming the first international company to enter Myanmar and stealing a march on fierce rival Uber in the largely untapped market. The Singapore-based company said it was conducting a trial with a small group of taxi drivers in Myanmar’s largest city and […]

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Cambodia-Laos air​ links increased

Cambodia and Laos on Monday signed a deal to encourage regional airlines to increase their services between both countries in a bid to encourage tourism. Vann Chanty, director for air transport at Cambodia’s State Secretariat of Civil Aviation, said that the memorandum of understanding (MoU) will push airlines in both countries to operate more flights […]

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Malaysia: GDP in 2017 to be slightly higher than 4.2%

KUALA LUMPUR: Malaysia expects to record a slightly higher Gross Domestic Product (GDP) growth this year from 4.2% achieved last year, Prime Minister Datuk Seri Najib Tun Razak said today. “We expect a slightly higher figure this year, and for it (growth) to rise in 2018,” he said. The government had forecast that the economy […]

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