We reiterated our intention to work towards the completion of the India-Myanmar-Thailand Trilateral Highway Project and its extension to Cambodia, Lao PDR and Viet Nam, said a source from the statement of the 16th ASEAN-India Summit in Bangkok, Thailand. The Trilateral Highway project includes three new major bridges, repair and strengthening of four existing major […]
Read MoreLaos plans to regulate imports of consumer goods, in a move to promote domestic production while curbing rising exchange rates. Lao products are struggling to compete in terms of price and production amid increasing goods imported from neighboring countries, both legally and illegally, Vientiane Times reported. The trend is also driving up the exchange rate of foreign […]
Read MoreThailand’s battle to keep its surging currency at bay is increasing the odds of a second interest-rate cut this year. The Bank of Thailand’s Monetary Policy Committee is set to reduce its benchmark policy rate on Wednesday by 25 basis points to 1.25%, matching a record low, according to 16 of 26 economists in a […]
Read More[JAKARTA] Indonesian President Joko Widodo told banking executives they should be lending more to small and medium enterprises at a time of slowing economic growth, while urging them to cut lending rates. Mr Widodo made the comments at a banking conference, a day after data showed Southeast Asia’s largest economy grew at its slowest pace […]
Read MoreMyanmar improved its ranking on the World Bank’s Doing Business 2020 report f by six positions, coming in 165th place out of 190 countries on the index compared to 171st in the previous. The ease of doing business index in the report is released every year and based on 10 indicators (see infographic). The country […]
Read MoreKUALA LUMPUR: The ringgit slipped at the opening today on lack of demand for the local currency amid the lower crude oil price, said a dealer. At 9.10am, the ringgit was quoted at 4.1320/1350 against the greenback from 4.1290/1320 recorded yesterday. The crude oil price is currently trading at US$62.75 per barrel, down by 0.33 […]
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