A series of new digital infrastructure projects are strengthening Indonesia’s information and communications technology (ICT) sector as the country prioritizes the digital economy as an area of growth. In late September, Japanese telecom giant NTT announced it would invest US$500 million in a new data center in Indonesia, the company’s third in the country. Due […]
Read MoreMANILA, Philippines — The Philippines’ two biggest water companies said Wednesday that rates could go up should the government revoke the extension of concession deals of both utilities as the move would shorten the period that the water providers can recover their investments. President Rodrigo Duterte has berated both Manila Water Company Inc. and Maynilad […]
Read MoreNew guidelines for franchise businesses under the Trade Competition Act are scheduled to become effective in February. The move aims to ensure good governance and standardise business practices, as well as prevent franchisers from taking advantage of small-scale franchisees. Santichai Santawanpas, commissioner of the Office of Trade Competition Commission (OTCC), said the guidelines for unfair […]
Read MoreThe Hanoitimes – In contrast to Vietnam’s positive outlook, the ADB has trimmed its forecasts for economic growth in developing Asia this year and next year. With unexpectedly strong growth momentum in the third quarter likely to carry over into the fourth quarter and next year, the Asian Development Bank (ADB) has revised up its forecast […]
Read MoreThe Hanoitimes – Vietnam agrees to purchase 1,200 megawatts of electricity from Laos in 2020, exceeding the original plan of 1,000 megawatts, and 5,000 megawatts until 2030. Vietnamese enterprises remain Laos’ third largest investor with 413 projects worth US$4.22 billion to date, according to Prime Minister Nguyen Xuan Phuc. Major Vietnamese projects with positive results in […]
Read MoreThe Tanintharyi Region government is focusing on promoting investment in hotels and tourism, agriculture and livestock, fisheries, power, mining, and real estate to help boost its economy. This was revealed during the Region Investment Forum on December 7. The event organised by the region’s government and the Myanmar Investment Commission comes on the heels of […]
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Thailand
