The Belt and Road Initiative (BRI) projects have played a “monumental role” in infrastructure development and connectivity in Cambodia, said the country’s Deputy Prime Minister and Foreign Minister Prak Sokhonn. In a recent written interview with Chinese media, Sokhonn said massive infrastructure projects including roads, bridges, seaports, airports, railways, hydropower dams and communication satellites, among […]
Read MoreSINGAPORE’S core inflation hit 4.4 per cent in June – up from 3.6 per cent in May, and the first time that it has breached the 4.0 per cent handle since end-2008. Meanwhile, headline inflation – which includes accommodation and private transport costs – surged to 6.7 per cent, from 5.6 per in May, according […]
Read MoreThe shortage of airline seats remains a major obstacle for the recovery of Thai tourism as most European flag carriers haven’t resumed flights and frequencies to the pre-Covid level. Tourism Authority of Thailand (TAT) governor Yuthasak Supasorn said the agency met the Civil Aviation Authority of Thailand last week and was informed that Thailand might […]
Read MoreAVERAGE tax revenues in Asia-Pacific fell to 19.1 per cent of GDP in 2022 from 20.3 per cent in 2019 as a result of the Covid-19 pandemic, placing the average tax-to-GDP ratio in the region lower than the averages for the OECD and Latin America and the Caribbean (LAC), according to the latest OECD report. […]
Read MoreUp to 85 per cent of enterprises in the processing-manufacturing and construction sectors expected better and stable business situation in the third quarter of this year, while only 15 per cent predicted that the situation may be tougher. According to a survey conducted by the General Statistics Office (GSO), for in the third quarter, 44.9 […]
Read MoreSINGAPORE: Restaurants Development Company is exploring the sale of its KFC franchise business in Thailand, valued at roughly $300 million, as revenue rebounds with a recovery in Southeast Asia’s second-largest economy, three sources aware of the matter said. The Bangkok-based firm, backed by a consortium led by Southeast Asian focused private equity firm AIGF Advisors […]
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