Business owners at the Yadanarbon (F) Market in Mandalay’s Pyigyitagun township are baffled over a 750 percent hike in shop rental fees that will come into effect starting April 1. The fee, which is K4000 a month now, will be K30,000 starting next month. U Hla Shwe, a shop owner, said the businesses at the […]
Read MoreMalaysia is succeeding in snuffing out currency speculation — now it has to deal with the fallout. Offshore trading in ringgit non-deliverable forwards has dropped by about 70% since policy makers took steps in November to deter foreign banks from trading the contracts, according to EBS BrokerTec’s electronic-trading platform. Now, officials are looking at easing […]
Read MoreThe Bank of Thailand raised its forecasts for 2017 economic growth and exports while leaving the key interest rate where it has been for nearly two years. As expected, the Monetary Policy Committee (MPC) on Wednesday voted unanimously to keep the one-day repurchase rate at 1.5%, where it has been since April 2015, a quarter-point […]
Read MoreNearly 26,500 enterprises were created in the first quarter of this year with a total registered capital of over VND270 trillion (US$11.8 billion), according to preliminary data reported yesterday in Hanoi by the Ministry of Planning and Investment’s Enterprises Development Department. The number of newly-established firms rose 11.4 per cent and 45.8 per cent […]
Read MoreTEMPO.CO, Jakarta – Coordinating Minister for Economic Affairs Darmin Nasution said that the government will issue policies to solve economic inequality, which include the provision of capital resources to the people. “We already have the infrastructure, the industry. They help [achieve] growth. We have to compliment them to achieve equality that would support, provide capital […]
Read MoreTrade between Cambodia and the United Kingdom is expected to increase after Britain’s exit from the European Union, according to the British ambassador, saying that after Brexit, the UK will independently negotiate trade agreements with Cambodia. Brexit will not result in restrictions on trade between Cambodia and the UK, British Ambassador Bill Longhurst said yesterday […]
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