The Eastern Economic Corridor (EEC) is the government’s flagship scheme aimed at creating jobs in three strategic provinces of eastern Thailand: Chachoengsao, Chon Buri and Rayong. The scheme is the continuation of the Eastern Seaboard Development initiated in 1982. The three provinces have been promoted as industrial zones for almost four decades. Many multinational companies […]
Read MoreCambodia and China have signed a memorandum of understanding (MoU) on tourism cooperation for 2019-21, one which aims to attract more Chinese tourists and investors to the Kingdom. The MoU was signed by Cambodian Minister of Tourism Thong Khon and Lin Jingzhen, Bank of China executive vice-president, during the second Belt and Road Forum for […]
Read MoreThe 10 members of the association along with China, Japan and South Korea, in their summit earlier this month, announced that they have devised a specific plan to include local currencies in their financial transactions to reduce Asia’s reliance on the US dollar. According to a report by business journal Nikkei Asian Review, the association […]
Read MoreMANILA, Philippines — The country’s raw sugar production is expected to marginally improve in the next crop year despite the effects of the El Niño phenomenon, the United States Department of Agriculture (USDA) said. In the latest report of the USDA Foreign Agricultural Service (FAS), the Philippines is seen to produce 2.2 million metric tons […]
Read MoreSINGAPORE is a step closer to fulfilling its aim to become an international debt restructuring hub, akin to London or New York, after a landmark ruling by an English court to recognise the city-state’s new moratorium law for insolvency and corporate restructuring. This comes after the High Court of England and Wales last month recognised the reprieve granted by […]
Read MoreJAKARTA: Indonesia’s palm oil output in March likely rose from a month earlier, while inventories were seen lower on the back of a pickup in exports and domestic consumption, according to a Reuters survey. Palm oil output in top producer Indonesia was seen rising to 3.95 million tonnes in March from 3.80 million tonnes in the previous month, according to […]
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