PETALING JAYA: An alternative proposal to have a railway link to Singapore by upgrading the present infrastructure will only cost the government RM20bil – much lower than the high speed rail (HSR) project which will cost between RM60bil and RM70bil. The proposal will also save the government some RM500mil as it will not need to […]
Read MoreMANILA, Philippines — Inflation may have already peaked at 4.6 percent in May and may slowly taper in the coming months, according to the National Economic and Development Authority (NEDA). In an interview, Socioeconomic Planning Secretary Ernesto Pernia said the rate of increase in inflation has already decelerated, and that inflation is expected to slowly […]
Read MoreThe Hanoitimes – Foreign logistics firms have flocked to Vietnam’s logistics industry strongly through merger and acquisition (M&A) deals in a move to cash in on market opportunities. Warburg Pincus, the New York-based private equity firm that’s been betting on the growth of the Asian logistics sector, has recently formed a US$200 million joint venture to enter […]
Read MoreThe Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS) aims to strengthen ties between countries in the Mekong Delta by reducing economic barriers to cooperation. The scheme, to be presented in a forum in Bangkok this weekend, will promote the adoption of multiple-entry visas and establishing a common infrastructure fund, said Sanan Angubolkul, chairman of the ACMECS Business […]
Read MoreGOOGLE THE term ‘vehicle hire purchase’ in relation to Thailand now, and you might come across a bunch of news articles about the New Vehicle Hire Purchase Notification. Particularly, the charging of interest at a flat rate has become a controversial issue. Despite some comments on new articles that the flat rate interest is no […]
Read MoreMANILA, Philippines — The peso pierced the 53 to $1 resistance level yesterday, closing at a new 12-year low as traders braced for widely expected policy rate increase of the US Federal Reserve. The local currency closed 28 centavos lower at 53.23 from Monday’s close of 52.95. This was the weakest level for the peso […]
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