The government has issued a decree to promote the participation of both domestic and foreign investors in the development of infrastructure and public service delivery projects through private-public partnerships (PPP). PPP projects are proliferating in Laos because the government requires huge investment to improve road networks, railways, and other amenities to boost economic growth. Economists […]
Read MoreKUALA LUMPUR: Foreign companies that have invested in the country say they remain committed to the country as they value and appreciate the long-term partnership with the Malaysian government and look forward to many more years of success. On the re-implementation of the movement control order (MCO 2.0) and the proclamation of emergency to contain […]
Read MoreMANILA, Philippines — Motor vehicle and motorcycle production, as well as sales in the Philippines, recorded a double-digit drop from January to November last year compared to a year ago on continued weak market demand due to the pandemic. Data from the Association of Southeast Asian Nations (ASEAN) Automotive Federation (AAF) showed motor vehicles assembled […]
Read MoreState aid measures for struggling taxpayers, including deadline extensions for filing income taxes, a 90% reduction in land and building taxes and a reduced 0.01% fee for property transfers and mortgages, are scheduled to go before the cabinet next week. Prime Minister Prayut Chan-o-cha made an announcement on his Facebook page on Friday that the […]
Read MoreExports fared better than expected for the full year of 2020, contracting 6.1% from the previous year, driven by an unexpected rise in December, ending a seven-month decline. The Commerce Ministry reported that customs-cleared exports fetched US$20.1 billion in December, up 4.71% year-on-year, with imports rising 3.62% to $19.1 billion, resulting in a trade surplus […]
Read MoreAround 1.5 million Thais were estimated to enter into poverty in 2020 due to the pandemic, says the World Bank. Thailand’s poor totalled 3.7 million in 2019 and the tally was expected to rise to 5.2 million in 2020, attributed mainly to adverse effects from the pandemic crisis, said Kiatipong Ariyapruchya, senior economist for Thailand […]
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