PLANNED high-speed and double-track rail projects to serve the Eastern Economic Corridor (EEC) are expected to begin services in 2023, with an investment value of Bt296.42 billion alone flagged for the high-speed train service, the State Railway of Thailand (SRT) said. Up to Bt214.3 billion of this amount would be spent on getting the high-speed […]
Read MoreCasinos will be allowed to operate in Myanmar after amendments are made to the Gambling Law by the Ministry of Home Affairs (MHA), is enacted, said U Aung Naing Oo, director general of the Directorate of Investment and Company Administration (DICA) this week. This comes after five regional and state chief ministers from Mandalay, Tanintharyi, […]
Read MoreMANILA, Philippines — The Philippines needs to clarify its position on natural gas resources given the impending expiration of the franchise of the Malampaya gas field in 2024, a lawmaker said. “There is a need to clarify the government’s policy on our natural gas resources given the complexity of the industry, the current lack of […]
Read MoreSINGAPORE’S economic outlook for 2018 remains positive despite global trade risks, said the Monetary Authority of Singapore (MAS) in the April edition of its half-yearly macroeconomic review, released on Friday. It reiterated its expectation for full-year gross domestic product (GDP) growth to come in “slightly above the middle of the forecast range” of 1.5 per […]
Read MoreRepresentatives of Cambodia, Thailand and Vietnam gathered yesterday in Phnom Penh to discuss ways of improving trading procedures in Asean, particularly in agricultural goods, as part of a workshop organised by German development agency GIZ. Participants identified two priority areas to be addressed during the workshop and in future negotiations: streamlining bureaucratic procedures and harmonising […]
Read MoreBank Indonesia (BI) Governor Agus Martowardojo says the central bank is open to increasing its benchmark seven-day reverse repo rate, which is currently at 4.25 percent, if the pressure on the rupiah continues. “If the pressure on the rupiah persists and potentially disrupts financial-system stability, BI will not reject the option of increasing the reference […]
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