Indonesia’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 […]
Read MoreThe Asian Development Bank (ADB) has predicted that the real economic growth of Cambodia will reach 2.3 percent this year and will be around 5.7 percent in 2021, according to the newly released report on ADB’s flagship annual economic publication titled, Asian Development Outlook 2020. The ADB says that after two decades of strong performance, […]
Read MoreALL firms in Singapore will receive a subsidy of 75 per cent of gross monthly wages, for the first S$4,600 of wages paid in April 2020 for each local employee. This comes as the Jobs Support Scheme (JSS) was further enhanced for the month of April under the new Solidarity Budget, announced by Deputy Prime […]
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Thailand
