[JAKARTA] Indonesia’s lenders are pushing back against central bank pressure to further lower interest rates for their customers, a step policymakers believe can help pull the economy out of recession. The banks say the real problem is that people don’t want to borrow in the first place. Loans shrank in October for the first time […]
Read MoreMany foreign and domestic companies are keen on building multibillion-dollar liquefied natural gas power and storage plants in the central province of Khanh Hoa. The province proposed the Ministry of Industry and Trade (MoIT) list Van Phong Economic Zone in the national power development plan in the 2021-30 period in the Power Master Plan VIII. According to the Van […]
Read MoreChampassak province: Laos may sell more electricity to Cambodia in order to power development needs in the border area. An official at the Hat substation in Khong district, Mr Bounleud Keophasouk, told reporters on Tuesday when Deputy Minister of Energy and Mines Dr Sinava Souphanouvong visited the station that since last year 260MW had been […]
Read MoreThai tourists are keen to travel by taking advantage of promotional campaigns and have become price-conscious consumers when venturing out again during the post-pandemic period, according to a Booking.com survey. Michelle Gao, Booking.com’s regional manager Mekong region, said even though Thai travellers display the strongest intent to take trips to nearby destinations accessible by cars […]
Read MoreThe government is ramping up sugar production and working to attract more investment in the industry to prevent a shortage of the commodity and price hikes in 2021 as the country seeks to recover from the pandemic downturn. The Agriculture Ministry is preparing to work on intensification of 200,000 hectares of land on Java island […]
Read MoreMANILA, Philippines — The country’s fiscal deficit widened by almost three-fold from January to October as government spending continued to outpace revenue generation, the Bureau of the Treasury (BTr) reported yesterday. According to the latest cash operations report of the BTr, the government’s budget shortfall from January to October reached P940.6 billion, a sharp 170 […]
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