Thailand’s richest man wants to set another record. Billionaire Charoen Sirivadhanabhakdi, via his recently listed property unit Asset World Corp, has his sights on building the nation’s tallest skyscraper. Details are scant — no official height has been set and completion isn’t expected until 2025 — but the tower, at the centre of another $948 […]
Read MoreWeak consumer demand is contributing to a decades-low inflation rate in Indonesia, as the central bank steps up efforts to control inflation rates at the same time, a Bank Indonesia (BI) senior official says. BI senior deputy governor Destry Damayanti said Indonesia’s low inflation rate in 2019, which at 2.72 percent is the lowest in […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has enhanced the capital adequacy standards for mid-sized and small banks to ensure sufficient buffer for possible losses. The central bank’s Monetary Board has approved the amendments to the risk-based capital adequacy framework for stand-alone thrift banks, rural banks and cooperative banks to further enhance the […]
Read MoreThe Ministry of Commerce has formed a working group to draft a strategic policy on cashew nut development in Cambodia. Chaired by Chan Rasy, under-secretary of state of the Ministry of Commerce, the newly-formed group will conduct studies and collect information related to the cashew nut production chain. The collected information will be input for […]
Read MoreSeveral garment, footwear and bag factories in four industrial zones around Yangon have had to shut down or curtail operations due to a shortage of raw materials from China, an official from one of the industrial zones has revealed. However, despite the disruption of operations at the factories, container loads of raw material from China […]
Read MoreJAKARTA: Indonesia’s chief economic minister, Airlangga Hartarto, said on Wednesday the government plans to increase palm oil export levies to support expansion of its palm biodiesel programme. “The increase is currently being calculated, whether it will be a flat increase or progressive,” Hartarto told reporters. Further details on the plan are still being discussed, he […]
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