Vietnam’s FLC Group and Laos’ Petroleum Trading Lao Public Company (PetroTrade) have signed a memorandum of understanding on developing the Vientiane-Vung Ang railway project. The signing took place in the Lao capital of Vientiane, with the ministers of Planning and Investment of the two countries witnessing. FLC and PetroTrade will jointly prepare to construct a railway […]
Read MoreMANILA, Philippines — Global banking giant Citi and Japan’s Nomura slashed their gross domestic product (GDP) growth forecasts for the Philippines as soaring global oil prices from Russia’s invasion of Ukraine may dampen consumption. Nalin Tutchotitham, economist for the Philippines at Citi, said the GDP growth, current account balance and inflation forecasts for the Philippines […]
Read MorePrime Minister Hun Sen said in the first two months of this year, Cambodia’s total exports saw a remarkable increase. At the inauguration ceremony of the National Road No. 21 in Kandal this morning, Mr Hun Sen said the exports from Cambodia in January and February this year rose by over 30 percent. For the […]
Read MoreSugar production in Thailand, a top exporter of the sweetener, is heading for a three-year high after an end to two years of drought-like weather conditions improved crop prospects. Output may reach 10 million tonnes by the end of the current crushing season on March 31, according to Thai Sugar Millers Corp. The mills produced […]
Read MoreJakarta. Indonesia has dropped the quarantine requirement for international travelers who have received the complete vaccine doses against Covid-19 starting on March 22. The government hopes this will encourage the country’s economic recovery. The decision ended two years of Indonesia’s border closure and put the country in the same position as its neighbors Thailand and Malaysia, […]
Read MoreS&P Global Ratings downgraded its ratings on 4 Thai banks, as it expects systematic risks have increased for banks operating in Thailand, it said on Tuesday (Mar 22). The credit ratings agency lowered its ratings on Siam Commercial Bank and Kasikornbank to “BBB” from “BBB+” and Krung Thai Bank and TMBThanachart Bank to ‘”BBB-” from […]
Read More
Thailand
