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Thailand: Cabinet lowers public debt ceiling

The cabinet on Tuesday approved a public debt management plan for fiscal 2020 that calls for the country’s average ratio of public debt to GDP to have a ceiling of 42.76%, below the 60% set by the Finance Ministry’s fiscal sustainability framework. Public debt amounted to 6.9 trillion baht at the end of July this […]

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Malaysia competition watchdog steps up probe into Singapore’s Grab

[KUALA LUMPUR] Malaysia is advancing an anti-monopoly investigation into Singapore-based Grab Holdings Inc, ramping up a broader government push to bring greater competition to its economy. Malaysia Competition Commission chief executive officer Iskandar Ismail said last Thursday the anti-monopoly watchdog was stepping up the probe into the ride-hailing startup, which was first announced last year […]

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Indonesian firm urged to invest in Cambodian railroads

Transport Minister Sun Chanthol last week asked PT Industri Kereta Api Indonesia (Inka) – a state-owned, Indonesian train manufacturing firm – to invest in Cambodian railroads. During an official visit to Indonesia from Sept 19-21, Minister Chanthol requested that Inka representatives visit the Kingdom to discuss investing in Cambodia’s railway system with local authorities and […]

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