The first image that usually springs to mind when someone mentions any Southeast Asian capital is congested roads filled with honking cars and motorcycles. Congested roads have become synonymous with Southeast Asia, and that is not going to change anytime soon. According to the latest data, vehicle sales in Southeast Asia is set to outpace […]
Read MoreThe Ministry of Investment and Foreign Economic Relations has pledged to strengthen investment facilitation in related ministries. Speaking at a training workshop in Nay Pyi Taw, U Aung Naing Oo, the ministry’s permanent secretary, stressed the importance of investment facilitation and the role of all investment-facing government agencies in the process. “Investment promotion and facilitation […]
Read MoreThe Research Institute of Socio-Economic Development (RISED) in Surabaya has released on Monday a survey on ride-hailing ojek (motorcycle taxi) customers, in which 75 percent of respondents rejected the new government-regulated fares for exceeding the amount they were willing to pay. The survey, which involved 3,000 respondents, found that 47.6 percent refused to spend an additional Rp 5,000 (35 US cents) on their daily ojek rides, while […]
Read MoreIn trying to reduce Indonesia’s decade-long oil trade deficit, the government is facilitating oil and gas companies that have won contracts to accelerate their investment in their blocks even before the transfer of operation. Energy and Mineral Resources Minister Ignasius Jonan has issued Ministerial Regulation (Permen ESDM) No. 3/2019 on the operation of oil and […]
Read MoreKUALA LUMPUR: Malaysia’s central bank Tuesday cut its key interest rate for the first time in almost three years as it looks to boost slowing growth as China-US trade tensions weigh on the economy. The move comes as central banks around the world adopt a more dovish stance in the face of a weak global […]
Read MoreSINGAPORE: Singapore‘s central bank said it is studying whether to allow financial technology firms to operate digital-only banks in the city-state, as regulators in other Asian markets begin issuing virtual banking licences. Singapore is among several financial centres in the region, such as Hong Kong, Seoul and Tokyo, pushing to become a fintech hotspot. Measures in recent years include state funding, […]
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Thailand
