Myanmar’s electricity tariff hike has led shops and restaurants in Yangon to cut back on electricity consumption, and local business owners are betting that the government will be able to plug the shortfall next summer. Yet, power continues to be in short supply. The government is now rushing five so-called “emergency power” projects totalling more […]
Read MoreThe Bank of Thailand’s monetary policy committee voted on Wednesday (November 6) to cut its key policy rate by 25 basis points to 1.25 per cent. It is the second rate cut this year after a 1.5-per-cent trim in August, which was the first cut in four years. Today’s committee meeting saw five members vote […]
Read MoreJAKARTA (AFP) – Indonesia posted another quarter of slowing growth yesterday, its weakest pace in two years, as Southeast Asia’s biggest economy feels the sting of slumping commodity prices. The economy expanded 5.02 per cent in the July-September period, slipping from 5.17 per cent in the same period last year, and the weakest since 2017. […]
Read MoreHopes of signing the world’s largest free trade pact at a regional summit in Bangkok have been thrown into doubt after objections from India. China, hurt by its trade war with the US, is keen to see the deal finalised. UN Secretary-General Antonio Guterres, Thai Prime Minister Prayut Chan-o-cha, Brunei’s Sultan Hassanal Bolkiah and Cambodian […]
Read MoreSET-listed Thai Union Group Plc (TU), a global seafood conglomerate, reported a 20.6% year-on-year plunge in third-quarter net profit as sales were affected by the baht’s appreciation. The company reported a net profit of 1.37 billion baht, down 9.2% quarter-on-quarter. “The decline was mostly driven by weak sales as a result of foreign exchange volatility […]
Read MoreMANILA,Philippines — Manufacturing output declined in September as eight major industries registered declines in output during the period, the Philippine Statistics Authority (PSA) reported yesterday. Factory output, as measured by the Volume of Production Index (VoPI), declined by three percent in September, reversing the 1.3 percent growth in September 2018. PSA attributed the decline to […]
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