A NEWLY amended investment promotion in Laos will cut by half the maximum investment period for new concession projects to 50 years, down from previous requirement of 99 years. The move is aimed at maximising investment benefits for the Lao economy, said an official from the Ministry of Planning and Investment involved in the drafting […]
Read MoreUpbeat export data was not enough to stave off a marginal slide in Singapore shares yesterday as investors turned cautious amid the wait for more corporate results. The Straits Times Index (STI) slipped 0.76 point or 0.02 per cent to close at 3,137.54, in a somewhat slow session with only $972.5 million worth of shares […]
Read MoreKUALA LUMPUR: Malaysian palm oil futures fell on Tuesday, recording a fifth consecutive session of losses, weighed down by forecasts of rising output and tracking weaker performing rival oils. The benchmark palm oil contract for July delivery on the Bursa Malaysia Derivatives Exchange edged down 1 percent to 2,473 ringgit ($560.90) a tonne at the end of […]
Read MoreTEMPO.CO, Jakarta – State-owned lender Bank Rakyat Indonesia (BRI) is aiming to become the most valuable bank in Southeast Asia by 2022, as set forth in its corporate plan for 2018-2022. BRI deputy president director Sunarso said that to achieve the target, the company will improve some indicators, including increasing the bank’s net profit within five […]
Read MoreWASHINGTON – The International Monetary Fund (IMF) expects the Philippines to book the fastest economic growth in the region over the next two years amid the projected stronger global economic recovery. IMF resident representative Shanaka Jayanath Peiris said in an email that the multilateral fund expects the Philippines to book a gross domestic product (GDP) […]
Read MoreThe baht should move in line with market forces but the central bank is ready to act on any excessive volatility in the currency, the central bank governor said on Wednesday. The baht is not as volatile as several other regional currencies, Bank of Thailand governor Veerathai Santiprabhob told a news conference, as the unit […]
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