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Thailand, Cambodia ready to relaunch rail link

Thailand looks set to re-establish a rail link with Cambodia 45 years after the two countries terminated cross-border train service.  Prime Minister Prayut Chan-o-cha and Cambodian Premier Hun Sen will preside over a ceremony to reopen the track connecting Aranyaprathet district of Sa Kaeo with Cambodia’s Poipet town on Monday.  The two leaders will meet at Ban […]

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Malaysia: Payment woes for contractors

PETALING JAYA: The weak property market in recent years has resulted in a competitive tendering environment for building construction jobs, with some contractors willing to cut prices in their efforts to secure new jobs, said Master Builders Association Malaysia (MBAM) president Foo Chek Lee. “It is a very competitive tendering environment now. For some tenders, […]

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Bright prospect for Vietnam’s key economic sectors in 2019

The Hanoitimes – In 2018, manufacturing remained the driving force of the economy with an increase of 12.98% year-on-year, contributing 2.55 percentage points to Vietnam’s 10-year high economic growth of 7.08%. The manufacturing sector ended 2018 being the bright spot of Vietnam’s economy, and is expected to achieve higher growth this year amid uncertainties surrounding the […]

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Vietnam leads cashless drive in Southeast Asia

The Hanoitimes – Vietnam and Thailand are experiencing a boom in mobile payments as more people use e-wallets to pay for goods and services. Governments across Southeast Asia are pushing ahead with efforts to create cashless economies, with less developed countries such as Vietnam and Thailand leapfrogging richer ones like Singapore and Malaysia in electronic payments, […]

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Malaysia’s current account in surplus for 2019: Pua

KUALA LUMPUR: Malaysia’s current account balance will remain in surplus for 2019 and the economy is not experiencing a current account deficit, says political secretary to the Finance Minister Tony Pua. Pua issued a statement on Friday in response to a Bloomberg interview hosted by David Ingles with the invited guest, UBS Global Wealth Management […]

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