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Laos urged to speed up energy transfer

Cambodia yesterday asked Laos to speed up the transmission of energy to the Kingdom under a deal signed earlier this year. In March, Electricite du Cambodge (EDC) signed an agreement to purchase 200 MW from Laos from 2019 to 2021. During a meeting yesterday in Phnom Penh, Commerce Minister Pan Sorasak urged Laotian Ambassador Amphay […]

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Vietnam slashes business license fee to spur economic growth

The new adjustment is revealed as part of a recently-released circular of the Ministry of Finance, prescribing the rates of charges for provision of enterprise information and fees for enterprise registration. The business license fees, including new issuance, renewal or modification, in Vietnam would be slashed by a half, starting September 20, as the government […]

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Malaysia building sector to see short-term weakness: report

MALAYSIA’S construction sector may see short-term weakness given macroeconomic uncertainties, but will get a boost from completed transport infrastructure projects in the long run, said Fitch Solutions Macro Research in an Aug 19 report. Fitch Solutions lowered its forecasts for both the residential and non-residential buildings sectors. The report noted weak supply side data, with a decreasing […]

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