MALAYSIA will be able to purchase up to 100mw of hydropower from Laos starting next year, thanks to the signing of the Energy Purchase of Wheeling Agreement between Malaysia, Laos and Thailand. The Energy, Green Technology and Water Ministry said the multilateral cross-border power trading agreement is the first in Asean and was inked by […]
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Read MoreSINGAPORE’S factory output extended its winning streak of double-digit expansion for the third consecutive month, boosting the upside for third-quarter economic growth. Industrial production jumped 19.1 per cent year on year in August, powered by the still-strong key electronics cluster and bolstered by double-digit growth in the volatile biomedical manufacturing cluster. The manufacturing sector, which […]
Read MoreThe Asian Development Bank (ADB) maintained its economic growth forecast for Cambodia at 7.1 percent for 2017 and 2018 buoyed by the strong performance of developing economies across Asia and the ongoing recovery of large industrial countries, according to a release yesterday. In an update of its flagship annual economic publication Asian Development Outlook (ADO) […]
Read MoreHANOI — The Asian Development Bank (ADB) has projected the economic growth of Vietnam will be 6.3 per cent this year, taking 0.2 percentage points off from the previous forecast. This is followed by a projected growth of 6.5 per cent in 2018. However, the Vietnamese economy continued to perform well despite several setbacks, the […]
Read MoreThe Bank of Thailand has come under criticism on the social media for publishing the names of the country’s five largest banks in the Royal Gazette. The central bank’s intention was to underscore the importance to the economy of Bangkok Bank, Krung Thai, Kasikornbank, Siam Commercial Bank and Bank of Ayudhya. As such, it said, […]
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