MANILA, Philippines — The Energy Regulatory Commission (ERC) has ordered Manila Electric Co. (Meralco) to use unclaimed tax refund to reduce power rates. ERC has directed Meralco to submit a proposed scheme that incorporates the unclaimed tax refund for purposes of reducing the distribution rates of its customers, among others. It also directed the country’s largest power distributor to […]
Read MoreBANDAR SERI BEGAWAN (Xinhua) – A series of business and education agreements were signed between Brunei and Laos to strengthen bilateral relations during the two-day visit of Lao Prime Minister Thongloun Sisoulith to the sultanate. The Lao prime minister and his delegation of 60 were in the sultanate during the weekend upon the invitation of […]
Read MoreKerry Logistics Network Limited announced a new joint venture with E-Services Group (‘ESG’), an international e-commerce company, to strengthen global e-commerce fulfillment capabilities in Asia. Kerry Logistics has identified cross-border e-commerce, particularly between the Greater China region and Asean, as a major growth sector, the company said in a press release on Monday. The new […]
Read MoreSiem Reap will be home to a $70-million aquarium and wildlife sanctuary project that seeks to become a new tourist draw for the province. Angkor Wildlife and Aquarium, a joint venture of Cambodian, Japanese and US investors, announced the project on Monday during a meeting with Siem Reap’s governor Tea Seiha. Roger Reynolds, member of […]
Read MoreThe Stock Exchange of Thailand (SET) is considering extending the night trading period for gold futures to serve high demand for gold investment amid foreign exchange fluctuations and prospects of slower global economic growth. Rinjai Chakornpipat, managing director of the Thailand Futures Exchange (TFEX) and the SET’s senior executive vice-president, said the TFEX’s gold members have […]
Read MoreKUALA LUMPUR: The ringgit extended yesterday’s uptrend to open higher against the US dollar this morning as demand for the greenback was fragile amid uncertainty about the US-China trade talks, dealers said. At 9 am, the ringgit was quoted at 4.0700/0740 compared to Tuesday’s close of 4.0780/0830. He said the greenback was under pressure as […]
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