Indonesian state-owned electricity company PLN on Wednesday signed a memorandum of understanding (MoU) with its Malaysian counterpart, Tenaga Nasional Berhad (TNB), to begin a feasibility study on exporting 600 MW of power to TNB. PLN said in a statement that it expected to connect its Sumatra network to TNB’s western network by 2028. “It is also […]
Read MoreMANILA, Philippines — The increase in bank deposits eased further, growing by only 5.8 percent as of end-June as depositors opted to park their excess funds in high-yielding instruments such as government securities. Data from the state-run Philippine Deposit Insurance Corp. (PDIC) showed total bank deposits reached P12.84 trillion from January to June, P705 billion […]
Read MoreThis year’s export contraction must not exceed 0.9% if Thailand’s GDP growth is to reach 3%, says the Finance Ministry’s Fiscal Policy Office (FPO). Thai shipments saw a 2.2% year-on-year contraction during the first eight months, while August exports tumbled 4% year-on-year, said FPO deputy director-general Wuttipong Jittungsakul. With the ongoing export doldrums, a continued […]
Read MoreReal rural wages increased by around 40 percent in just five years due to labour shortages brought about by migration, a study shows. The finding was revealed during workshop organised by the United States Agency for International Development (USAID) in Yangon on Thursday. Machinery such as combine harvester were hardly used in 2013, but by […]
Read MoreThe Thai Bankers Association’s credit card club plans to discuss its concerns about credit risk from zero-rate marketing campaigns with the Bank of Thailand. Shoke Na Ranong, executive vice-president for Bangkok Bank’s credit card division, said the club is in preparation to talk to officials about the central bank’s criticism of zero-rate campaigns in the […]
Read MoreNEW YORK/KUALA LUMPUR: Index provider FTSE Russell said on Thursday it would retain China’s onshore government bonds on a watch list for a possible upgrade that could allow Chinese debt entry to its widely tracked government bond index. Malaysian bonds, which were on review for a downgrade that would have excluded them from the World […]
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