KUALA LUMPUR: The current re-negotiations on the East Coast Rail Link (ECRL) may see its construction price pegged at RM50mil to RM60mil per km as well as a commitment by the Chinese government to buy Malaysian palm oil and bring in projects, according to sources. This means that the construction of the 688-km long ECRL, suspended last July […]
Read MoreThe Transportation Ministry issued on March 29 new regulations on airfare, namely Transportation Ministerial Regulation No. 20/2019 and Transportation Ministerial Decree No.72/2019, to regulate airline ticket prices for economy class services of commercial airlines. The ministry expects the new regulation to protect consumer purchasing power, allowing passengers to enjoy airlines services. The regulation is also expected to end the debate […]
Read MoreMANILA, Philippines — Inflation may fall below three percent in April and remain within this level for the rest of the year, increasing the probability that the Bangko Sentral ng Pilipinas (BSP) may cut interest rates soon, according to London-based Capital Economics. In a research note issued over the weekend, the macroeconomy research firm said […]
Read MoreMANILA, Philippines — The Bureau of Customs (BOC) has issued the interim guidelines for the return of empty containers at the port of Manila (POM) and the Manila International Container Port (MICP) to prevent congestion in the harbors. Customs Commissioner Rey Leonardo Guerrero signed last Feb. 28 Customs Memorandum Order (CMO) 13-2019, which contains guidelines to address […]
Read MoreDanone SA, one of the world’s biggest food and drink companies, is expanding into Thailand’s 200-billion-baht beverage industry to capitalise on the growing trend towards healthier products. Floris Wesseling, regional vice-president for Danone Waters in Asia-Pacific and the Middle East, said during a visit to Thailand yesterday that the French company is paying more attention to expanding […]
Read MoreJOHOR, Malaysia/JAKARTA: On the southernmost edge of the Asian landmass and on the shores of the busy shipping lanes of the Singapore Strait, Malaysia’s Petronas is starting up a state-of-the art petroleum processing hub, called RAPID. The huge complex in Malaysia’s Johor province is currently testing its systems, running crude oil through its fuel processing […]
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Thailand
