GIVEN THE RISING need for power in Myanmar, the government has intensified a five-year project to provide electricity to rural areas by using off-grid solutions including solar and wind energy. Khant Zaw, director general at the Department of Rural Development (DRD), said recently that US$90 million would be spent to implement off-grid projects between 2016 […]
Read MoreThe economy will grow 4.6 per cent this year, against 4 per cent in 2017, Government Savings Bank’s research centre forecasts. The bullish view is based on expectations for further strong growth in exports and services – especially tourism – in 2018, bank’s president and chief executive officer Chatchai Payuhanaveechai said yesterday. He […]
Read MoreSINGAPORE: Singapore’s economic growth slowed in the fourth quarter as factories lost steam, but a services sector recovery has bolstered expectations the central bank could tighten monetary policy as early as April, sending the local currency higher. The economy expanded 3.1% in the October-December quarter from a year earlier, advance estimates from the Trade and […]
Read MorePETALING JAYA: Following softer than expected loan growth in November, 2017 loan growth target for some banks may not be met. However, the banking sector could see stronger demand for financing in 2018, say analysts. According to Maybank IB Research, all hopes of a stronger rebound in loan growth towards year-end has been dashed, with […]
Read MoreTEMPO.CO, Jakarta – Finance Minister Sri Mulyani said that poverty and open unemployment rates have dropped in the past three years. Data from the Central Statistics Agency (BPS) show that poverty rate stood at 10.12 percent as of September 2017, lower than that of September 2014 at 11.13 percent. Open unemployment rate also dropped from 5.94 percent in August […]
Read MoreMANILA, Philippines — About P72.4 billion worth of economic zone development projects are still on hold as of end-2017 as proponents await the presidential proclamations of these sites before starting construction and operation. “We have 37 pending (applications), plus five from the previous administration, so 42 projects remain pending,” Philippine Economic Zone Authority (PEZA) manager […]
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Thailand
