Rising oil prices are unlikely to create a major headwind for the country’s ongoing economic growth, a sharp departure from the financial turbulence experienced after oil prices hit UScopy00 a barrel for the first time in 2008, says Deputy Prime Minister Somkid Jatusripitak. Mr Somkid’s position, however, has sparked a wave of scepticism from the private […]
Read MoreThe terms of reference (ToR) for the 224.54-billion-baht high-speed railway linking Don Mueang, Suvarnabhumi and U-tapao airports to serve the much-touted Eastern Economic Corridor (EEC) scheme are scheduled to be unveiled today. Deputy Prime Minister Somkid Jatusripitak said interested private firms will be allowed to buy the ToR next week after today’s joint announcement by the […]
Read MoreThe clinched free trade agreements (FTAs) has opened the door wider for Vietnamese goods to enter foreign markets, helping the country improve trade balance with its trade partners. Before 2007, Vietnam was involved in only two free trade deals as member of the Association of Southeast Asian Nations (ASEAN): the ASEAN-China and the ASEAN- Republic […]
Read MoreBy Melissa Luz T. Lopez, Senior Reporter BANKS and e-money issuers have set up a new clearing house for real-time fund transfers yesterday, with seven lenders now able to process interbank transactions in a matter of seconds. Industry players unveiled the InstaPay platform on Monday, which serves as an automated clearing house to process payments across accounts […]
Read MoreMANILA, Philippines – At least 25% of jobs in Southeast Asia may be automated in the next two decades, according to the International Labour Organization (ILO). ILO reported that workers in low-skilled, labor-intensive sectors, may be displaced by technology which has become increasingly accessible. “It is estimated that at least a quarter of jobs in […]
Read MoreThe government has signed off on a proposal to designate more than 9 hectares of land along Phnom Penh’s riverfront as state-private land, opening it up for private investment or long-term leasing. The 9.25-hectare stretch of riverfront from the capital’s Night Market to the Chroy Changvar bridge was reclassified from state-public land to state-private land […]
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Thailand
