The government has promised to fully electrify Myanmar by 2030. Yet, insufficient public funds have been allocated to power generation and there are no immediate plans to restructure loss-making tariffs or charge more for electricity. One of the government’s top promises since it came into power is to supply electricity to the entire country by […]
Read MoreToday at a ceremony witnessed by Deputy Prime Minister Somkid Jatusripitak, China’s ambassador Lyu Jian and the executive chairman of the Alibaba Group, Jack Ma, the Thai government and Alibaba entered into a strategic partnership to drive the development of the Thai digital economy and the Eastern Economic Corridor (EEC) under the Thailand 4.0 policy. […]
Read MoreThe Bank of Thailand has required all e-money, credit, debit and ATM card, and fund transfer service providers to either register with or seek approval from the central bank by Aug 14 to prevent their business from being shut down. During the registration period, these operators can operate as normal, said Siritida Panomwon Na Ayudhya, assistant […]
Read MoreMANILA, Philippines — The weak peso and higher inflation may prompt the Bangko Sentral ng Pilipinas (BSP) to finally raise interest rates next month. Philip Wee, foreign exchange strategist at DBS Bank Ltd., said the market is positioning for a possible rate increase by the central bank next month. “As for the next central bank […]
Read MoreTEMPO.CO, Jakarta – Jakarta inter-bank spot dollar rate (JISBOR) showed the rupiah depreciating by eight points to trade for Rp13,778 per US dollar on Thursday morning. Monex Investindo Futures analyst Faisyal said Thursday, April 19, that the US dollar is gaining over a number of world currencies after a Fed official’s speech showed the central bank’s optimism about the […]
Read MorePETALING JAYA: 7-Eleven Malaysia Holdings Bhd ’s unit, Convenience Shopping (Sabah) Sdn Bhd, is proposing to acquire a 60% stake in food supplier Cafe Decoral Sdn Bhd (CDSB) for RM600,000. The stake is to be acquired from its vendors Ng Kin Chen, Ng Lee Chin and Public Yong Tow Foo Sdn Bhd. CDSB is a food supplier […]
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