KUALA LUMPUR (XINHUA) – Malaysia’s economy decreased at a slower pace of 2.7 per cent in the third quarter from the double-digit decline of 17.1 per cent in the second quarter of 2020, said its central bank on Friday. Bank Negara Malaysia, the central bank, said in a statement that the improvement largely reflected the […]
Read MoreAlthough Vietnam has managed to effectively contain the Covid-19 outbreak, many unsuccessful shops have shut down, as retailers have opted to go online to reduce operation costs, with the trend expected to grow further in the coming time. According to the latest report by Savills Vietnam, HCMC has seen a soaring number of retail spaces […]
Read MoreA recent ruling by the Office of the Trade Competition Commission (OTCC) raised eyebrows when it granted conditional approval to the acquisition of the local retail business of Tesco by Charoen Pokphand (CP) Group, causing some to question if the Thai conglomerate has a monopoly. Among the conditions of the US$10.6-billion acquisition deal is a […]
Read MoreProgress towards a coronavirus vaccine is fuelling optimism Thailand will soon reopen for mass tourism. Overseas investors are already piling into the country’s financial markets. Inflows into Thai sovereign debt have climbed to the highest in 17 months in November, even though the month is less than half over. The baht has strengthened almost 3% […]
Read MoreThe Government of Laos has given the green light for a planned Vang Vieng to Luang Prabang expressway, reducing travel time between the two tourist towns. Vientiane Times reports that the newly approved expressway, part of a larger scheme to link Vientiane with China by road, would see a 136.9km section from Vang Vieng to Luang Prabang. […]
Read MoreThe Asian Development Bank (ADB) has approved US$483.8 million loans to construct a 64-kilometre long new expressway connecting Kyaikto township in Mon state and Bago region. It is aimed at supporting the development along the Greater Mekong Sub-region (GMS) east-west economic corridor. “The Second GMS Highway Upgrading Project will help the government build the four-lane, […]
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Thailand
