Thailand is set to sign 16 partnership deals with Cambodia during this week’s trade delegation visit led by Deputy Prime Minister Somkid Jatusripitak. Commerce Minister Apiradi Tantraporn said five of the deals will be signed by government-to-government units and the remaining 11 will be between private-sector bodies. She said the Commerce Ministry’s International Trade Promotion […]
Read MorePETALING JAYA: Malaysia’s industrial output rose 3.5% in January from a year ago, underpinned by gains especially in the manufacturing sector, which was below Bloomberg’s survey of a 5.3% increase. The Statistics Department announced yesterday the industrial production index (IPI) was supported a 4.6% increase in manufacturing, mining (1.1%) and electricity (1.1%). “The manufacturing sector […]
Read MoreTEMPO.CO, Jakarta – Indonesia is gearing up for IMF and World Bank Annual Meetings in October 2018 in Bali. Transportation Minister Budi Karya Sumadi said he will provide adequate transportation for the annual meeting. “The Transportation Ministry’s role is to provide transportation services, particularly airports,” he said after a coordinated meeting at the Coordinating Ministry of […]
Read MoreThe National Bank of Cambodia yesterday set an interest rate cap of 18 percent per annum for microfinance institutions, deposit-taking MFIs and licensed rural credit institutions to help the poor, curb over-indebtedness and reduce poverty. However, some industry insiders said the move will have the opposite effect, adversely affecting both financial institutions and the poor […]
Read MoreMinisters and industry experts say the government’s approach of paying the electricity bill using the union budget is a hindrance to the development of the sector. In 2012, the average export rates per electric unit in Southeast Asian countries can cost up to more than K267 per electric unit: K67 in Brunei, K71 in Myanmar, […]
Read MoreKUALA LUMPUR: The Asean Capital Markets Forum (ACMF) has collaborated with the International Capital Market Association (ICMA) to introduce Asean Green Bond Standards. This initiative would facilitate Asean capital markets in tapping green finance to support sustainable regional growth and meet investor interest for green investments. Among key initiatives endorsed at the 26th ACMF meeting […]
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