Foreign banks will be allowed to expand their branch networks in Myanmar next year, according to two senior officials of the Central Bank of Myanmar (CBM) yesterday. “More foreign bank branches will be allowed next year. Foreign banks can no longer be blocked from doing business in Myanmar because the local banks are not developed […]
Read MoreThe Council for the Development of Cambodia (CDC) has approved 170 investment projects during the first nine months of the year, 25 more projects than during the same period last year. However, total investment decreased by $1,362 million, reaching just $4,719 million from January to September, a CDC report said. 56 of total approved projects, […]
Read MoreWhile the implementation of the 20 percent blended biodiesel ( B20 ) mandatory policy needs fine tuning, biodiesel producers want the government to increase biodiesel content in fuel to 30 percent early next year. “If we want to save our foreign exchange further, we need to reduce diesel fuel imports by utilizing more fatty acid methyl esters [FAME]. We need to upgrade […]
Read MoreSINGAPORE – A new electricity procurement portal launched by Singapore Exchange-backed Energy Market Company (EMC) has enabled one business to shave thousands of dollars off its electricity bills. EMC’s PowerSelect online portal, which has 11 electricity retailers on board to date, serves businesses with an average monthly consumption of at least 10 MWh (megawatt-hour), equivalent […]
Read MoreThe Hanoitimes – Total sale of car units of members of Vietnam Automobile Manufacturers’ Association (VAMA) in the first ten months of 2018 stood at 223 326 units, up 1% year-on-year. Car sales in October are reported at 28,899 units, up 15% month-on-month and 32% against the same period of last year, according to a monthly […]
Read MorePETALING JAYA: Malaysia’s economy is likely to have grown faster in the third quarter of this year amid an increase in private spending during the consumption tax holiday period. A Reuters poll showed the median forecast from 15 economists is for Malaysia’s gross domestic product (GDP) to grow 4.6% year-on-year (y-o-y) between July and September. […]
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Thailand
