Construction of a railway linking Vientiane with the Vung Ang seaport in Vietnam’s central Ha Tinh province is expected to begin in November, an investor involved in the project has said. The railway, estimated to cost US$5 billion, is a proposed line that the Lao and Vietnamese governments have agreed to jointly develop. It would […]
Read MoreSINGAPORE’S key exports rose 9.5 per cent year on year in February, easing from the previous month, according to data from Enterprise Singapore (ESG) on Thursday (Mar 17). This came on the back of growth in both electronics and non-electronics shipments, as non-oil domestic exports (NODX) to Singapore’s top 10 markets grew as a whole […]
Read MoreThe Garment Manufacturing Association in Cambodia (GMAC) and Euro Cham have entered into a partnership to cooperate for the mutual benefit of the garment sector, the country’s brightest prospect in exports. Kong Sang, President of the Garment Manufacturing Association in Cambodia, and Euro Cham Chairman Tassilo Brinzer, attended the signing ceremony on Wednesday. Siang said […]
Read MoreThe coronavirus disease had a disastrous effect on Southeast Asia as the pandemic pushed 4.7 million people into extreme poverty in 2021, according to a new Asian Development Bank (ADB) report presented at the Southeast Asia Development Symposium (SEADS) on Wednesday. In its latest report titled, ‘Southeast Asia Rising from the Pandemic’, ADB stated that […]
Read MoreMANILA, Philippines — The Duterte administration will not suspend the collection of petroleum taxes despite growing calls to do so amid rallying global oil prices, but would instead expand its cash aid program to include not just the transport and farm sectors but also poor families. Finance Secretary Carlos Dominguez III admitted that the size […]
Read MoreKUALA LUMPUR: The ringgit further improved against the US dollar after the Federal Reserve raised interest rates for the first time since 2018 in an effort to tame inflation. At 9 am, the local currency stood stronger at 4.1815/1860 versus the greenback from 4.1965/1995 at Wednesday’s close. Bank Islam Malaysia Bhd chief economist Mohd Afzanizam […]
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Thailand
