THE development of Cocokyun township covering the islands in the northeastern Indian Ocean, as well as the flight and maritime access between the islands and the mainland, are included in Yangon Region’s plan, according to Chief Minister U Phyo Min Thein. Yangon Region will implement a three-year project which will focus mainly on the improvement […]
Read MoreThe ASEAN-European Union agenda on connectivity is growing and the EU is committed to strengthening its engagement. Since it is a major economic player in South East Asia, the largest investor and the second largest trading partner of ASEAN, the EU needs to ensure that cooperation on connectivity – both in hard and soft infrastructure – […]
Read MoreMANILA, Philippines — The Asian Development Bank (ADB) has retained its growth forecast for the Philippines at 6.5 percent this year on the back of robust domestic demand, increased public investments in infrastructure and social services and positive business sentiment. In an update to its Asian Development Outlook (ADO) 2017, the Manila-based multilateral development bank […]
Read MoreKUALA LUMPUR: The ringgit continued Tuesday’s downtrend to be lower against the US dollar early Wednesday as the greenback strengthened on the possibility of another interest rate hike before the year-end, dealers said. At 9 am(0100gmt), the local unit depreciated to 4.2150/2190 from 4.2050/2080 recorded at 6 pm Tuesday. The US dollar appreciated overnight following […]
Read MoreFINANCE MINISTER Apisak Tantivorawong has insisted on waiving withholding tax levied on interest-based income in an excess of Bt20,000 on concerns over the possible impact on depositors, according to Revenue Department director-general Prasong Poontaneat. Prasong said the department will not abolish its exemption of withholding tax levied on the excessive amount of interest-based income of […]
Read MoreHANOI — Overnight interest rates in the inter-bank market hit a two-month high but liquidity of the banking system remained stable, a report from SSI Retail Research showed. According to the report, inter-bank rates last week increased for the past two consecutive weeks, pushing the overnight rate to hit two-month high of 0.9 per cent, […]
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Thailand
