JAKARTA: Indonesia wants Chevron Corp and ConocoPhillips to submit proposals to renew their licences to operate oil and gas fields as the former Opec member seeks to reverse a decline in energy investments. Energy and Mineral Resources Minister Ignasius Jonan asked Chevron executives last week to inform the ministry about the explorer’s plans for Indonesian […]
Read MoreThe Japan-based Hotel Okura will open its first hotel in Myanmarwith the help of Japan’s government-private fund in 2020, according to the company’s press release dated July 28. Construction of Okura Prestige Yangon will commence this year and is expected to complete by 2020. Okura Prestige Yangon will be the company’s first project in the country. The building will cover […]
Read MoreThe pace of infrastructure development in Thailand has continued to grow in the past few years, bringing numerous opportunities for foreign-based engineering, procurement and construction (EPC) firms looking for ways to participate in projects in the country. However, potential investors need a solid understanding of the legal and regulatory framework before investing significant time, energy and […]
Read MoreKUALA LUMPUR — Malaysia’s exports in June grew 10% from a year earlier, government data showed on Friday, well below expectations, as shipments of manufactured goods fell. Export growth missed the 15.8% forecast by a Reuters poll and was sharply down from May’s 32.5% growth. Exports of metal products and tech equipment fell 13.3% and 7.0% respectively in June, data from the International […]
Read MoreThe World Bank released its Doing Business report for Myanmar in 2017. Based on the findings, Myanmar ranks 170 in ease of doing business this year, up from 171 in 2016. The country now has a population of almost 54 million, and a gross national income per capita US$1,293 per year. At 170, Myanmar actually […]
Read MoreKUALA LUMPUR: RAM Ratings expects Malaysia’s export growth to slow down in June after the jump in May due to slower demand for exports from China and Singapore, after consecutive months of rapid build-up in capacity and re-stocking. The ratings agency said in a statement that it expected June export growth to be a healthy […]
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