The Industrial Works Department expects the number of newly registered factories to rise 10% to 4,817 and investment value to climb 3.4% to 500 billion baht in 2020, driven by the government’s investment incentives and megaprojects in the Eastern Economic Corridor (EEC). Prakob Vivitjinda, director-general of the department, said the EEC can give investors confidence […]
Read MoreSINGAPORE construction demand is expected to remain strong this year after hitting a five-year high in 2019, said the Building and Construction Authority (BCA). In 2014, demand was S$38.8 billion, also the highest ever. Last year’s total construction demand expanded by 9.5 per cent to reach S$33.4 billion, about S$1.4 billion higher than the upper bound […]
Read MoreMANILA, Philippines — Economists expect the peso to weaken to 53 to $1 this year amind the escalating tension between US and Iran. Philippine National Bank economist Jun Trinidad said the peso is expected to drift back to the 52 to 53 range against the dollar especially with the escalating tension between the US and […]
Read MoreThe Bank of Thailand is requiring financial institutions to adjust prepayment charges for small and medium-sized enterprise (SME) and personal loans and late-payment fees for SME, personal and mortgage loans based on actual costs, with immediate effect. Replacement fees for ATM and debit cards and codes are also waived, but financial institutions are still allowed […]
Read MoreIndustry watchers are expecting the wider presence of foreign supermarkets and retail malls in Myanmar in the coming year. “The market has been developing quickly. So, I think that within the next one or two years the wholesale and retail market landscape will expand,’’ said U Myo Htwe, Managing Director of Pro 1 Global Company, […]
Read MoreThailand’s plastics industry, plastic reprocessors and related industries are calling for the government to provide assistance following the campaign banning plastic bags at major retailers in the country. “The government must have a short-term measure to assist the industry, which is not ready to adjust its business to the no-plastic campaign,” says Apiphop Phungchaikul, deputy […]
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