Asian Development Bank (ADB) has committed US$2.6 billion this year to support Indonesia, primarily in developing infrastructure projects, said Ramesh Subramaniam, the ADB director general of the Southeast Asian department in Fiji on Wednesday. ADB plans to help finance two large power plant projects using policy-based loans. One will be a power plant project that […]
Read MoreConsumer prices rose for the fourth straight month in April, driven by fresh food and vegetables, rice and flour, and meat and poultry, as well as higher oil prices. The consumer price index (CPI), which gauges headline inflation, rose by 1.23% last month from April last year but eased from a 1.24% surge in March. […]
Read MoreTHE Vietnamese economy is proving resilient, even as regional neighbours swoon. “The growth slowdown is being cushioned by trade and investment diversion,” Maybank Kim Eng economists Linda Liu and Chua Hak Bin have said in a new report. Foreign direct investment (FDI) was up year on year in April amid the US-China trade war, and […]
Read MoreKUALA LUMPUR: The Pakatan Harapan government is holding to its 14th General Election’s (GE14) pledges since its historic win nearly a year ago by allocating significant resources to support the growth of small and medium enterprises (SMEs) and encouraging their technological adoption. While the SME gross domestic product (GDP) growth is estimated to be sustained […]
Read MoreMANILA, Philippines — Credit growth slowed for the fifth straight month in March, hitting single-digit level for the first time in more than eight years due to the decline in household loans after a series of rate hikes by the Bangko Sentral ng Pilipinas (BSP) last year to control inflation. Latest data from the BSP […]
Read MoreGolden Myanmar Investment Consortium, which was formed by investors from China, Hong Kong and Myanmar to develop industrial zones, is planning to set up a new zone in Htantabin township, Yangon, the Yangon Region government and Yangon Region Investment Committee have announced. The creation of the industrial zone is expected to require investments totaling US$500 […]
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Thailand
