Global funds are piling back into Asia’s bellwether for emerging markets, buying $795 million of debt so far this year and sending yields down about 90 basis points from their October peak as the Federal Reserve looks to take a more cautious approach to policy tightening. That’s spelling relief for the rupiah and Bank Indonesia, […]
Read MoreThe railway networks in Cambodia and Thailand will be officially connected in March, the Transport Minister recently announced. The tracks on both sides of the border have already been finished, said Sun Chanthol, the Minister of Transport and Public Works. “We will ask Prime Minister Hun Sen to preside over the official ceremony connecting both […]
Read MoreMANILA, Philippines — Liquidity in the financial system may post a double-digit growth this year after the tightening cycle by the Bangko Sentral ng Pilipinas (BSP) last year to prevent inflation from spiraling out of control. BSP officer-in-charge Diwa Guinigundo said domestic liquidity or M3 may grow between 10 and 11 percent this year with […]
Read MoreNIBONG TEBAL: NTPM Holdings Bhd is investing over US$30mil to expand its tissue paper production facilities in Malaysia and Vietnam for the 2019 financial year. Group managing director Lee See Jin said the bulk of the budget, about two thirds, went towards the expansion of the Vietnam facility. “The new production line for the Vietnam facility, which is being installed currently, would be ready […]
Read MoreThe government has come under pressure for its handling of the Myanmar economy, with stakeholders lamenting the slowing pace of economic reform and investment flows. During the first half of 2018, approved foreign direct investments (FDI) totaled just $1.7 billion, compared to $4.1 billion during the same period in the previous fiscal year. Meanwhile, GDP is […]
Read MoreBangkok ranks third among the top cities for visitors’ food and beverage spending and sixth for spending on shopping, according the Mastercard’s Global Destination Cities Index (GDCI) 2018. The index ranks 162 cities in terms of total international overnight visitors and the amount spent by them in 2018. The index ranked the Thai capital as […]
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