KUALA LUMPUR: While aging population in Asia will create emerging challenges, it will at the same time generate a growth cluster of new business opportunities, according to Deloitte. Its third edition of the Voice of Asia series report revealed that by 2042 there will be more over 65s in Asia than the populations of the […]
Read MoreA public rift between Thailand’s central bank and government on interest rates shows just how much of a dilemma the baht has become for the economy. The Finance Ministry is pushing the Bank of Thailand to cut interest rates to stimulate growth, in light of the strength of the currency and low inflation. That’s clashing with the bank’s […]
Read MoreThai coal miner Banpu PCL is buying a 25.7% stake in Singaporean green energy firm, Sunseap Group Pte Ltd for $55.7 million, the company said on Tuesday. Banpu is making the investment through its subsidiary, Banpu Infinergy Company Limited (BPIN). The purchase of the stake will increase BPIN’s generating capacity to 47 megawatts (MW) of […]
Read MoreThe government shouldn’t insist on spearheading infrastructure development at the expense of unsolicited proposals, a businessman behind two long-delayed projects said. “Unsolicited proposal is provided by law. You cannot just say ‘we are not interested in that, we’ll do ODA (official development assistance) or we’ll do solicited’,” Penson & Co. President and CEO Ricardo Penson […]
Read MoreThe government has forecast that Laos will record a trade surplus of US$37 million next year due to various factors further boosting exports. Minister of Planning and Investment Dr Souphanh Keomixay told Vientiane Times on Monday that hydropower will be one of the main drivers driving exports. The prices of minerals and some agricultural products have seen […]
Read MoreContinued remittance inflows and a better-than-expected current account position could keep the Philippine peso in P51:$1 territory for the rest of year, ING Bank said on Monday. “The second-quarter current account report and July remittance growth support our guarded optimism for USD/PHP,” the bank said in a market report. The second quarter’s small current account […]
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