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Cambodia chalks up five oil wells

Singapore-based oil and gas firm KrisEnergy Ltd began extracting crude oil from four additional wells late last month, according to Cheap Sour, a senior official at the Ministry of Mines and Energy. This comes after the December 28 maiden oil extraction from the A-01D well – part of the five-well mini-platform featured in KrisEnergy’s “Mini-Phase […]

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Thailand ranked 3rd in ASEAN on Economic Freedom Index

Thailand ranked 3rd in ASEAN, 9th among 40 Asia-pacific countries and 42nd in the World on the most recent on Economic Freedom index. Singapore tops the list for the second consecutive year, followed by New Zealand and Australia. The report, by American conservative think tank, The Heritage Foundation, stated that the Thai economy registered its […]

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Vietnam needs an e-commerce credit evaluation system

The Hanoitimes – An e-commerce credit evaluation system is needed to increase customer confidence in purchase and payment. Vietnam needs to set up an e-commerce credit evaluation system and perfect its legal framework to promote the development of Vietnam e-commerce market in 2021-25, said the Vietnam e-Commerce and Digital Economy Agency (iDEA) under the Ministry of […]

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Philippines: GDP seen to gain traction in Q2

MANILA, Philippines — The anticipated economic rebound in the country would finally take shape in the second quarter, but a full-year recovery would have to wait until the next administration, the investment banking arm of the Metrobank Group said. In its latest Market Call report, First Metro Investment Corp.(FMIC) and Capital Markets Research of the […]

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IMF: Vietnam’s inflation in 2021 may remain at 4%

The prolonged COVID-19 pandemic is forecast to keep hampering Vietnam from reducing inflation this year, despite the strong efforts to stimulate fiscal and monetary policies. According to the International Monetary Fund (IMF), inflation in Vietnam will be 4 per cent, higher than last year’s 2.31 per cent. IMF emphasised that the risk of slowing down […]

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Thailand: Songkran water splashing likely to be allowed

Water splashing will probably be allowed during the Songkran festival next month, Culture Minister Itthiphol Kunplome said on Tuesday. It should get the green light because the daily number of new Covid-19 cases had dropped from three digits to only two digits, the minister said. He also thought it possible people travelling around on trucks […]

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