The country’s first dry port will be built near Myitnge, in Amarapura township, Mandalay Region, and join the Belt and Road network, said U Myo Win, general manager from Myanma Railways (Upper Myanmar). “It is a two-year project under UNESCAP agreement between governments,” he said. UNESCAP refers to the United Nations Economic Social Commission Asia […]
Read MoreJAKARTA: What’s good for Indonesia’s fiscal chiefs is proving a headache for the central bank. President Joko Widodo’s push to phase out electricity subsidies that have drained the budget of billions of dollars is boosting prices in the economy and threatening the bank’s 3% to 5% inflation target. For reform-minded Widodo, getting rid of the […]
Read MoreSINGAPORE – As the end of the second quarter approaches, the value of announced mergers & acquisitions (M&A) involving Singapore companies reached US$11.8 billion, a 10.4 per cent increase from the first quarter of 2017 despite a 16.3 per cent drop in number of announced deals, according to data from Thomson Reuters. This brings overall […]
Read MoreKUALA LUMPUR: The following factors are likely to influence Malaysian palm oil futures and other vegetable oil markets on Thursday June 15. FUNDAMENTALS * Malaysian palm oil futures bounced back on Wednesday from a 10-month low hit in the previous session, tracking a stronger performance in soyoil on the Chicago Board of Trade and China’s Dalian Commodity […]
Read MorePrivate sector economists are more upbeat about Singapore’s economy this year as the global growth outlook continues to brighten, according to a new survey. Growth is expected to come in at 2.5 per cent this year , according to economists polled by the Monetary Authority of Singapore (MAS) in its latest quarterly survey out yesterday. […]
Read MoreThai AirAsia (TAA) is breaking into Bangkok Airways’ long-held monopoly on Bangkok-Maldives air services, knocking down the high fare barrier in the process. TAA, Thailand’s largest low-cost carrier, is to launch a daily non-stop service on Aug 11 with an introductory fare that is a fraction of what is charged by Bangkok Airways. TAA’s introductory […]
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