Free trade agreement (FTA) generates both winners and losers, and the formation of the Regional Comprehensive Economic Partnership (RCEP) is no exception. This column argues that tariff reduction under RCEP is likely to reduce ASEAN’s exports as it will erode trade preferences of ASEAN granted by existing FTA partners. RCEP is a regional agreement that aims to liberalize […]
Read MoreSouth Korean and Chinese stakeholders in Myanmar are urging the authorities to review the possibility of providing a stimulus package for foreign investors in the local garment industry at a time when the supply of raw materials has stalled and importers from the West have begun to cut orders from Myanmar’s factories. Myanmar’s manufacturing industry […]
Read MoreIndonesia’s loan growth fell to a more than 10-year low in February as a cooling economy due to the COVID-19 pandemic hit credit demand across business sectors. The country’s banking industry recorded a 5.93 percent loan growth in this year’s second month, the lowest expansion since November 2009, according to Financial Services Authority (OJK) data. The figure […]
Read MoreDon Mueang International Airport is expected to call bids for three contracts related to the renovation of its international passenger terminal this month, the airport’s director Flying Officer Sumpun Kutranon said recently. Of the Bt126 million earmarked for the project, Bt99 million will be spent on a new, improved air-conditioning system, Bt18 million on new […]
Read MoreDriving past trucks laden with containers along the road that leads to the Thilawa Special Economic Zone (SEZ) in the outskirts of Yangon, one can easily spot from afar the company logos of the many manufacturers and utilities providers which have their factories there. The logo of an anticipated 350MW power plant by Hong Kong-listed […]
Read MoreThe Lao Ministry of Energy and Mines has ordered the temporary suspension of mineral processing plants and hydropower construction projects under a new notice issued yesterday. The notice, signed by Vice Minister of Energy and Mines Thongphat Inthavong, orders the temporary closure of factories and processing plants following the announcement that an employee of Phu […]
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Thailand
