Developers and operators of four hydroelectric power plants in Laos will sign power purchase agreements with energy policymakers in Laos and Thailand within May under a plan to promote more renewable energy. Massive investments in these power plants, which will be located in northern Laos, are expected over the next few years. The facilities are […]
Read MoreThe Cambodia Internet Startup Association (CISA), which is the first Chinese association of internet startups and companies in Cambodia, has kicked off its new journey in 2022 with a fruitful forum on post-COVID development of digital economy in the Southeast Asian country, it said on Monday. Initiated by the CISA and held at the Cambodia […]
Read MoreMANILA, Philippines — The downside risks of increasing commodity prices, caused by Russia’s invasion of Ukraine, on Asia-Pacific currencies are seen to be the strongest in the Philippines and India as they are net commodity importers, according to Oxford Economics. In a research briefing, Oxford Economics said Russia’s full-scale invasion of Ukraine was not priced […]
Read MoreThe baht opened at 33.44 to the US dollar on Tuesday, weakening from Monday’s close of 33.38. Krungthai Bank market strategist Poon Panichpibool predicted the Thai currency would move between 33.35 and 33.50 during the day. Poon said the Thai currency could weaken further but the fall would slow and cause the baht to swing […]
Read MoreVinaCapital, one of Vietnam’s most experienced asset management companies, has forecast that the country’s GDP growth rate this year is likely to expand by 6.5%, or 1% lower than its previous forecast. Michael Kokalan, chief economist of VinaCapital, stated in a recently-issued report that the ongoing armed conflict between Russia and Ukraine has created shock […]
Read MorePayments technology company Mastercard has been working closely with related parties everywhere, including Thailand, to prepare for the future of payments in which digital currencies will be a critical choice for consumers, said Aileen Chew, country manager of Mastercard for Thailand and Myanmar. Regarding Mastercard’s vision for Thailand in terms of the future of payments, […]
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