[BANGKOK] Thai conglomerate Central Retail launched the country’s biggest ever IPO on Thursday, giving it a market cap of around US$8.1 billion in a punt on a sputtering economy now hampered by the new coronavirus. Most Thais visit a shop each day owned by Central, a family-run empire which has hundreds of malls, electronics, grocery […]
Read MoreNearly K500 million in interest is paid daily to China for a loan taken to run a loss-making state-owned steel factory in Myingyan township, Mandalay, said U Zarni Aung, regional minister for Electricity, Energy and Construction. He said the No(1) Steel Mill Project (Myingyan), was first opened in fiscal 2004-05 by the Myanmar Economic Corporation […]
Read MoreA senior Lao government official has urged better management of the recruitment process of Lao workers and information about the jobs available for the construction of the Laos-China railway to ensure workers’ rights. Lao Minister of Labour and Social Welfare Dr. Khampheng Saysompheng said last week provincial departments, district authorities, and labor recruitment agencies should […]
Read MoreSINGAPORE – More help is on the way for companies hit by the fallout from the coronavirus outbreak with six business families in Singapore setting up a $5 million kitty to extend short-term loans. Local small and medium enterprises (SMEs) whose business have been affected by the virus outbreak can use the fund for working […]
Read MoreMANILA, Philippines — Sales of the country’s group of vehicle assemblers dipped 12 percent in January from a year ago as the Taal Volcano eruption forced some members to temporarily suspend operations of their plants and dealerships in South Luzon and parts of Metro Manila. Data released by the Chamber of Automotive Manufacturers of the […]
Read MoreINDONESIA’S parliament on Wednesday told the government to tax a wider range of plastic products than it had proposed, but held off on the administration’s plans to levy sweet drinks and polluting vehicles. The government had at first proposed to impose excise taxes on plastic bags, sweetened beverages and vehicles that emit carbon dioxide, to […]
Read More
Thailand
