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Malaysia: Ringgit to recover gradually over time

KUALA LUMPUR: RHB Research expects ringgit to recover gradually over time, as it has overshot on the downside from its fundamental value.   The research house said ringgit strengthened by 0.1% to the RM4.227 per US dollar level in the first week of November, after depreciating by 0.1% in October. “This was mainly due to […]

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Special economic units call for investment at APEC

DANANG — Special Administrative Economic Units in Vietnam will face challenges in raising funds from different sources and models in the context of limited State funds over the coming years. Research Director at the Fulbright Economics Teaching Programme in Vietnam, Vu Thanh Tu Anh, conveyed the message at a group session on Special Administrative Economic […]

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Thailand: Four-day holiday declared for New Year

Thailand will have a four-day break at the end of next month so revellers can relax and celebrate the New Year. The cabinet announced Tuesday the holiday will run from Dec 30 to Jan 2. “By tradition, if annual holidays fall on weekends, additional days are added,” said Lt Gen Sansern Kaewkamnerd, the government spokesman. […]

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Indonesia: Govt to Build Sukabumi Airport in 2019

TEMPO.CO, Jakarta – The Transportation Ministry is planning to build an airport in Sukabumi in 2019. Transportation Minister Budi Karya Sumadi said here on Tuesday that the ministry would survey the location for construction of the airport. “I have discussed with the regent regarding the construction of this airport. It could be between Sukabumi and Pelabuhan Ratu. We […]

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