The rapid normalisation of monetary policy in advanced economies could create risks for highly leveraged developing countries, including Thailand, warns the World Bank. “There’s a possibility the normalisation could happen quickly, coupled with the high level of private sector debts in major economies in this region, and this could lead to some risks,” said Sudhir […]
Read MoreSINGAPORE: Most Southeast Asian shares rose on Wednesday with the Philippines and Indonesia hitting record highs, tracking gains on Wall Street, while sentiment also got a boost after the World Bank raised its growth forecasts for developing East Asia and the Pacific region. The three major U.S. stock indexes and the Russell 2000 posted record […]
Read MoreThe World Bank urges greater infrastructure investment and better access to jobs for people in urban areas to combat poverty and boost economic growth. “Cities across East Asia and the Pacific are not delivering infrastructure, jobs, and services at a pace as rapid as urban development, leading to widening inequalities that may hamper economic growth […]
Read MoreTEMPO.CO, Jakarta – Ride-hailing company Go-Jek is planning to expand in Southeast Asia in a bid to compete with similar companies Grab and Uber Technologies Inc. Without specifying the countries that will become its target, Go-Jek CEO Nadiem Makarim said that Southeast Asian nations have a large population and adopt cash payment system. He pointed out that Go-Jek digital […]
Read MoreThe Association of Southeast Asian Nation’s (Asean) plans to forge closer energy ties have taken a major step forward after Malaysia, Thailand and Laos sealed a cross-border trading arrangement. The Energy Purchase Wheeling Agreement (EWPA), described as the region’s first multilateral power grid deal, allows Malaysia to purchase up to 100 megawatts of electricity from Laos […]
Read MoreTHE head of Brunei’s arbitration association called for a panel of ASEAN and Chinese arbitrators to be established in order to create a dispute-resolution system which covers private companies involved in projects related to the Belt and Road Initiative (BRI). Contract disputes are inevitably a risk in large-scale infrastructure projects between jurisdictions which are at different stages […]
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Thailand
