KUALA LUMPUR, Malaysia — Malaysia’s government said Tuesday a major China-backed rail link project can only be viable with a “drastic” price reduction by the Chinese contractor as the actual cost of the venture is 81 billion ringgit ($20 billion). The 688 kilometer (430 miles) East Coast Rail Link is a key part of China’s regional […]
Read MoreThe government is expecting the prices of the main contributors to non-tax revenue – oil and coal – to increase next year. Finance Ministry fiscal policy head Suahasil Nazara said in Jakarta on Monday that as of May, the government had earned Rp 145 trillion (US$10 billion) in non-tax revenue, 52 percent of this year’s total target of Rp […]
Read MoreMANILA, Philippines — Domestic factory output sustained growth, although at a slower pace in June because of slower increases in output and new orders coupled with persisting inflationary pressures, according to the Nikkei Philippines Manufacturing Purchasing Managers’ Index (PMI) released yesterday. The headline Manufacturing PMI for the country registered a lower reading of 52.9 in […]
Read MoreKUALA LUMPUR: The World Bank sees Malaysia as having a strong expanding economy, but the key to maintaining its success is to put more emphasis on developing its healthcare and education system.The World Bank, in its latest report on the country, has forecast growth to remain steady at 5.4% this year. “What we continue to […]
Read MoreASEAN and the broader East Asian region could play a leading role in promoting freer trade and investment flows amid a rising tide of protectionism, the chief of the UN’s trade and development arm said. Mukhisa Kituyi, secretary-general of the United Nations Conference on Trade and Development (UNCTAD), made the comment yesterday as he expressed […]
Read MoreFinance Minister Sri Mulyani Indrawati has said that the government is “playing the long game” to safeguard the country’s economy from external pressures, particularly from the United States Federal Reserve’s hawkish stance on its policy rate. Following a Federal Open Market Committee (FOMC) meeting on June 13, the Fed has taken a more aggressive stance, projecting two […]
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Thailand
