[HANOI] Vietnam’s electricity firm EVN has signed five new deals to buy electricity from Laos starting from next year, the state-run company said. The south-east Asian nation faces severe power shortages from 2021, as demand outpaces construction of new plants, with demand expected to exceed supply by 6.6 billion kilowatt hours (kWh) in 2021, and […]
Read MoreA TOTAL of 21 digital bank applications were received by the Monetary Authority of Singapore (MAS), the regulator said on Tuesday. This comprises 14 applications for the digital wholesale bank licences, and seven applications for the digital full bank licences. MAS said the new digital bank licences have attracted strong interest from a diverse group of […]
Read MoreFood prices in Myanmar are on the rise, driven by demand from abroad and other international factors. Palm oil prices are up by more than 35 percent over the past three months and now fetches more than K2100 per viss (1.63 kilogrammes). That’s because global prices have been on the rise, driven by demand for […]
Read MoreMANILA, Philippines — Dutch financial giant ING Bank expects inflation and bond yields to rise as a result of a stronger economic performance for this year. “With the domestic speed bumps in the rear view mirror, we can expect growth to pickup in 2020 and return to six percent firing on all cylinders form. The […]
Read MoreExporters and the Commerce Ministry are concerned the US-Iran conflict may stymie global trade if the standoff worsens. Ghanyapad Tantipipatpong, chairwoman of the Thai National Shippers’ Council (TNSC), said a group of exporters is worried tensions in the Middle East will escalate and affect Thailand’s export opportunities to the region, which is an important market. […]
Read MoreIndonesia recorded inflation of 2.72 percent in 2019, the lowest level in around two decades, thanks to lower inflationary pressure from government-regulated prices, Statistics Indonesia (BPS) announced on Monday. The figure is far lower than the government’s 3.5 percent target as stated in the 2019 state budget and is within Bank Indonesia’s target of between […]
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