2017 was an eventful year for Myanmar, with the economy charting major developments that brought in approved foreign direct investments (FDI) of around $4.5 billion between April and November, created thousands of jobs for locals and propelled larger segments of the population into the middle-class. These included opening up the taxi industry to foreign ride-hailing […]
Read MoreSINGAPORE, Dec 29: As the economy staged a remarkable recovery in 2017, local electronics manufacturer AEM Holdings enjoyed a busy year. “We’ve seen our orders surge this year, up by three-fold,” said chairman Loke Wai San, citing strong customer demand. The maker of high-density semiconductor test handlers for the world’s top chip manufacturers also took […]
Read MoreThe Hanoitimes – Vietnam has announced a list of eight investment projects worth roughly VND104.1 trillion (US$4.6 billion) to build sections of the Eastern North-South Expressway for 2017-2021. The Ministry of Transport (MoT) announced that the projects, which will be invested under the public-private partnership (PPP) model, include Mai Son-National Highway 45, National Highway 45-Nghi Son, […]
Read MoreThe Eastern Economic Corridor Office of Thailand (EECO) has set out regulations, methods, conditions and procedures for the Public-Private Partnership (PPP EEC Track) to be applied to five mega-projects as part of the industrial corridor’s development. Ekniti Nitithanprapas, director general of the State Enterprise Policy Office, said government policy aims to propel these projects through […]
Read MorePHNOM PENH: The new railway line that connects Phnom Penh to Poipet on the border, linking with trains from Thailand’s Sa Kaeo province to Bangkok, is expected to begin operating next year. “The new line from Phnom Penh to Poipet city is expected to be completed next year, well ahead of our previous deadline, which […]
Read MoreMANILA, Philippines — DBS Bank Ltd. of Singapore expects the country’s external balance to worsen over the next two years with the current account (CA) deficit breaching one percent of the domestic output. Gundy Cahyadi, economist at DBS, said the country’s current account shortfall would widen to 1.1 percent of gross domestic product in 2018 […]
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Thailand
