The Bank of Thailand yesterday cut its policy rate by 25 basis points to an unprecedented 1% to curb the impact of the novel coronavirus outbreak, the delayed fiscal budget and severe drought conditions. The decision prompted Kasikornbank (KBank) to pass on the cut in full for its minimum retail rate (MRR). Spearheading rate reductions, […]
Read MoreThe Pyidaungsu Hluttaw (Assembly of the Union) has approved the acceptance of a €50 million loan from Poland to be used for a waste-to-energy project in Yangon. The approval of the loan was granted during the sitting of the assembly on January 31, with 534 votes for and 12 against. The project will be implemented […]
Read MoreFrom 2016-2020, Laos expanded electricity capacity to 6,457MW for export markets, which represents an increase of 145 per cent over the previous five-year period. The Ministry of Energy and Mines earned more than 130 billion kip ($14.6 million), up 35 per cent compared to 2011-2015. Minister of Energy and Mines Khammany Inthirath reported the results […]
Read MoreThe Hanoitimes – In Vietnam, the greatest SDG investment opportunities are found in transport infrastructure and improving digital access. All emerging markets need an estimated US$10 trillion (USD9.67 trillion) from private-sector investors to achieve the UN’s Sustainable Development Goals (SDGs), with Vietnam representing US$45.8 billion of that total, according to Opportunity2030: The Standard Chartered SDG Investment Map. […]
Read MoreAFP – Indonesia’s economy grew more slowly than expected last year, official data showed yesterday, and officials warned the country’s lucrative tourism sector faced a negative impact from a drop in Chinese tourists owing to the deadly coronavirus. Southeast Asia’s biggest economy expanded 5.02 percent, down from the 5.17 percent the previous year, owing to weakness […]
Read MoreKUALA LUMPUR: RHB Research expects the impact from the novel coronavirus to be limited with most of the fallout to be seen in the first and second quarter of this year. It said on Thursday the novel coronavirus still poses an uncertain downside given the ambiguity of its outcome. With the rate of infections surpassing […]
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