A major hydropower plant built in Laos has started commercial operation. With two power stations, the Nam Ngiep 1 plant generates about 1.6 billion kilowatt-hours of energy per year, Japanese utility Kansai Electric Power Co said on Friday. Nam Ngiep 1 Power Co, the operator of the plant, will supply electricity from the main station […]
Read MoreMANILA, Philippines — Credit growth is expected to pick up this year amid the continued drop in interest rates due to the inflation downtrend, according to Dutch financial giant ING Bank. Nicholas Mapa, economist at ING Bank Manila, expressed hope that the projected 75 basis points rate cut by the Bangko Sentral ng Pilipinas (BSP) […]
Read MoreThe EU ambassador to Thailand said he was “optimistic” the long-delayed free trade agreement (FTA) negotiations will continue between Thailand and the EU at the 7th annual EU-Asean Business Summit in Bangkok. “Development in Asean must start first with the group’s top countries, Singapore and Vietnam, and following Thailand’s, I hope we will be able […]
Read MoreMANILA, Philippines — The Philippines’ trade gap narrowed in July on falling imports and slight export growth, the country’s statistics agency reported Tuesday. Trade deficit in July stood at $3.39 billion, 15.5% lower than $4.02 shortfall recorded in the same month last year. A deficit occurs when a country’s imports exceed its exports. Merchandise exports […]
Read MoreIndonesia will follow in the footsteps of several major economies by taxing digital companies, with a newly proposed taxation bill set to serve as legal footing for the government to collect corporate income tax from foreign tech giants doing businesses in the domestic market. The government has been in a long battle to tax foreign […]
Read MoreThe Thailand Bond Market Association (ThaiBMA) plans to issue cryptocurrency to facilitate bond trading, making it less costly and more convenient, said the association’s president Tada Phutthitada. There are three steps leading to cryptocurrency use in bond trading – first, the ThaiBMA will apply blockchain or distributed ledger technology (DLT) for the registration of bonds. […]
Read More
Thailand
