THE ASIAN Development Bank has urged Asian governments to |tap into private funds to finance huge infrastructure projects in |their countries, adding that the effectiveness of the new public-private partnership (PPP) law in Thailand hinges on how it is implemented. Public-private partnership has the potential to fill the infrastructure gap as institutional investors have large […]
Read MoreThe government spent far less than half of its approved $5 billion budget for expenditures in 2017 during the first six months of the year, according to a new report by the Ministry of Economy and Finance (MEF). The report, released on Monday, showed the government spent $1.38 billion of its national budget during the […]
Read MoreTHE development of Cocokyun township covering the islands in the northeastern Indian Ocean, as well as the flight and maritime access between the islands and the mainland, are included in Yangon Region’s plan, according to Chief Minister U Phyo Min Thein. Yangon Region will implement a three-year project which will focus mainly on the improvement […]
Read MoreThe ASEAN-European Union agenda on connectivity is growing and the EU is committed to strengthening its engagement. Since it is a major economic player in South East Asia, the largest investor and the second largest trading partner of ASEAN, the EU needs to ensure that cooperation on connectivity – both in hard and soft infrastructure – […]
Read MoreMANILA, Philippines — The Asian Development Bank (ADB) has retained its growth forecast for the Philippines at 6.5 percent this year on the back of robust domestic demand, increased public investments in infrastructure and social services and positive business sentiment. In an update to its Asian Development Outlook (ADO) 2017, the Manila-based multilateral development bank […]
Read MoreKUALA LUMPUR: The ringgit continued Tuesday’s downtrend to be lower against the US dollar early Wednesday as the greenback strengthened on the possibility of another interest rate hike before the year-end, dealers said. At 9 am(0100gmt), the local unit depreciated to 4.2150/2190 from 4.2050/2080 recorded at 6 pm Tuesday. The US dollar appreciated overnight following […]
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Thailand
