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Vietnam needs $13.3 billion to develop seaports

Việt Nam would need VNĐ312.6 trillion (US$13.3 billion) to develop the seaports system by 2030, according to the Ministry of Transport. HÀ NỘI — Việt Nam would need VNĐ312.6 trillion (US$13.3 billion) to develop the seaports system by 2030, according to the Ministry of Transport. Specifically, 78 per cent of the capital would be reserved […]

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Malaysia: Growth of 4% to 5% expected this year

KUALA LUMPUR: The economy is projected to expand between 4% and 5% this year, mainly driven by firm domestic demand, says Bank Negara governor Tan Sri Nor Shamsiah Mohd Yunus. Nor Shamsiah said household spending will be an important catalyst for domestic demand and is projected to expand at a moderate pace of 6.1% this […]

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Thailand: Ministries told to monitor prices at hotels, eateries

Prime Minister Prayut Chan-o-cha has directed relevant agencies to keep an eye on prices at hotels and restaurants, which have reportedly skyrocketed following the rapid recovery of tourism. He also ordered responsible agencies to cooperate with business operators to ensure they charge fair prices for their services, preventing profiteering that may mar the country’s tourism image […]

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Philippines: Ecozone investments up by 54% in Q1

MANILA, Philippines — Investments approved by the Philippine Economic Zone Authority (PEZA) in the first quarter of the year reached P12.537 billion, up 54 percent from the same period last year. The more than 50 percent surge in investments from January to March is an indication that we are on the right track in achieving […]

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Cambodia: Siem Reap new airport construction 90% completed

Around 90 percent of the construction of Angkor Siem Reap International Airport has been completed and is set for an official inauguration in October. An update regarding the construction of the airport was provided after an inspection by the steering committee yesterday. Tekreth Samrach, secretary of state at the Council of Ministers, led the team. […]

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Thailand: Central ‘eyeing Vietnamese mall operator’

Thailand’s Central Group is said to be a possible candidate to acquire a stake in the shopping mall arm of Vingroup, Vietnam’s largest conglomerate, five sources told Reuters on Wednesday. Vincom Retail, Vietnam’s biggest shopping mall operator, which is nearly 60% controlled by Vingroup, commands a market value of US$2.8 billion. The sources said Thailand’s biggest […]

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