MANILA, Philippines — The prevailing weakness of the peso versus the dollar should not be a cause for concern as the economy continues to benefit from it, Socioeconomic Planning Secretary Ernesto Pernia said. While a weaker exchange rate has been making imports more expensive, it is a potential boon to exports if outbound shipments of […]
Read MoreMANILA, Philippines — The Chamber of Mines of the Philippines (COMP) has warned that the delay in the resolution of important mining regulations is attracting high risk investors. “Given uncertainties in the mining sector, we may attract high risk investors who are willing to take shortcuts. And this is not good for us,” COMP executive […]
Read MoreThe Tourism Authority of Thailand (TAT) has outlined action plans to encourage travellers to continue to visit secondary provinces next year despite the lack of tax incentives. The government approved tax breaks this year for tourism spending in 55 secondary provinces for individual travellers who spend on accommodation, food and drinks, as well as corporations that […]
Read MoreSINGAPORE: Singapore will seek compensation for all costs incurred if Malaysia cancels a planned multibillion-dollar high-speed railway link between the two countries. Transport Minister Khaw Boon Wan told parliament yesterday that compensation would be sought under the terms of the 2016 high-speed rail bilateral agreement between Singapore and Malaysia. “We will deal with the question of […]
Read MoreMore than 61 percent of the project to build two bridges along National Road No 9 –Xekoumkam Bridge and Xethamuak Bridge – in Savannakhet province has been completed to some 61.28 percent. “We expect the bridges will be completed before the planned timeframe. Currently, we importing beam bridges from Japan to continue the construction,” the […]
Read MoreSINGAPORE — In Thailand’s Chonburi province, a smart city — also the country’s largest industrial city — is aiming to rely solely on itself for power using renewable energy sources. The Amata Smart City Chonburi, which houses 5,000 expatriates and 200,000 workers, plans to set up a Smart Grid Project and build a new waste-to-energy […]
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Thailand
