The Bank of Thailand (BoT) has no plan to call an emergency meeting following the US Federal Reserve’s weekend decision to cut its policy rate to zero. Other central banks have also cut rates in unscheduled policy announcements in a concerted bid to blunt the impact of the coronavirus disease (Covid-19) pandemic “The Monetary Policy […]
Read MoreThe Hanoitimes – The increase in biomass power prices is a big move to boost capacity of this energy source to 3,000 MW by 2030. Vietnam has decided to increase the feed-in-tariff (FIT) for biomas power projects to VND1,634/kWh (7.03 US cents) for co-generation heat power projects and VND1,968/kWh (8.47 US cents) for other types of […]
Read MoreThe number of Indonesia’s ultra rich is expected to jump by 57 percent to 1,060 individuals over the next four years, the second highest increase in Southeast Asia, according to a recent report. The growth of the country’s ultra-high-net-worth individuals (UHNWIs), or those with a net worth of more than US$30 million, is projected to be the fifth-highest […]
Read MoreLaos continues to import agricultural produce because local production is not enough to meet domestic consumption, according to Lao authorities. The local production has increased, but it is still not enough although the authorities support local farmers to produce more in order to meet the demands, said Mr. Toungeh Synuanchanh at the Ad Hoc Committee […]
Read MoreThe rice industry body in Myanmar has reassured the public that there will be sufficient rice for domestic consumption and prices will be controlled amid the global COVID-19 pandemic. The Myanmar Rice Federation (MRF) released a statement on Friday that it would try to have a sufficient and stable supply of rice for the local […]
Read MoreThe government will eliminate the import duty for materials needed to develop a vaccine for COVID-19 and allocate Rp 1 trillion (US$67.04 million) for related medical needs, as the number of infections experienced a recent spike in Indonesia and hospitals struggle to cope with the virus. “We will remove the import duty for materials needed in […]
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Thailand
