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Cambodia: Airport rail system off track for now

The Phnom Penh International Airport railway tracks spanning busy Russian Boulevard will be covered over with a protective layer of sand and bitumen in order to save on maintenance costs, according to the Royal Group. The railway line, currently not in use because of a lack of passengers, is slated to become operational in the […]

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Indonesia: OJK expects jobs law to spur municipal bonds issuance amid simplified bureaucracy

The Financial Services Authority (OJK) expects the newly passed Job Creation Law to help spur the issuance of municipal bonds and sukuk among regional administrations, which have faced bureaucratic hurdles. Luthfi Zain Fuady of OJK capital market supervision said on Dec. 1 that although several administrations had conveyed their interest in issuing a municipal bond […]

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Vietnam exporters hit by container shortage

There is a serious shortage of empty containers for exports from Viet Nam, Phan Minh Thong, general director of agriculture products exporter Phuc Sinh Joint Stock Company, said. Besides, international shippers were hiking their fees, and Vietnamese businesses would struggle to cope if the problem is not addressed, he added. Nguyen Dinh Tung, chairman and […]

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RCEP trade pact to open oil-supply route to China

[SEOUL] South Korea and Japan look set to be the biggest winners in the Asian oil and chemicals marketplace as the world’s largest regional free-trade agreement paves the way for a gradual reduction in tariffs. The Regional Comprehensive Economic Partnership (RCEP), signed last month by 15 nations accounting for around a third of the world’s […]

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