Thai coal miner Banpu PCL is buying a 25.7% stake in Singaporean green energy firm, Sunseap Group Pte Ltd for $55.7 million, the company said on Tuesday. Banpu is making the investment through its subsidiary, Banpu Infinergy Company Limited (BPIN). The purchase of the stake will increase BPIN’s generating capacity to 47 megawatts (MW) of […]
Read MoreThe government shouldn’t insist on spearheading infrastructure development at the expense of unsolicited proposals, a businessman behind two long-delayed projects said. “Unsolicited proposal is provided by law. You cannot just say ‘we are not interested in that, we’ll do ODA (official development assistance) or we’ll do solicited’,” Penson & Co. President and CEO Ricardo Penson […]
Read MoreThe government has forecast that Laos will record a trade surplus of US$37 million next year due to various factors further boosting exports. Minister of Planning and Investment Dr Souphanh Keomixay told Vientiane Times on Monday that hydropower will be one of the main drivers driving exports. The prices of minerals and some agricultural products have seen […]
Read MoreContinued remittance inflows and a better-than-expected current account position could keep the Philippine peso in P51:$1 territory for the rest of year, ING Bank said on Monday. “The second-quarter current account report and July remittance growth support our guarded optimism for USD/PHP,” the bank said in a market report. The second quarter’s small current account […]
Read MoreMANILA, Philippines — Efforts to temper currency fluctuations as well as lower revenues pulled down the earnings of the Bangko Sentral ng Pilipinas (BSP) in the first seven months of the year as the peso emerged as the worst performing currency in the region. The net income of the BSP fell 22.4 percent to P8.5 […]
Read MoreThe Indonesian Consumers Foundation (YLKI) has criticized Bank Indonesia for its plan to issue a regulation requiring consumers to shoulder the top-up costs for e-money. The YLKI believes the regulation will hinder the development of a cashless society. YLKI chairman Tulus Abadi said over the weekend that the emergence of non-cash transactions was a good […]
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Thailand
