The Asian Development Bank (ADB) on March 18 said it would help Indonesia develop the new capital city project in East Kalimantan, following the appointment of a former ADB vice-president as an overseer of the project. The help will comprise designing the city, assessing potential environmental and social impacts and mobilising financing from the public […]
Read MoreMalaysia should adopt Bitcoin and other cryptocurrencies as legal tender, the deputy minister of the Communications and Multimedia Ministry said. “We hope the government can allow this,” Zahidi Zainul Abidin said in Parliament on Monday, responding to a question from an opposition member of the legislature. So far, El Salvador is the only country to […]
Read MoreNot only the tourism sector, but the ease of travel restriction after two years fighting the Covid-19 pandemic is also set to be a welcoming sign for trade and investment activities. Growing economic momentum has sustained since early 2022 and the ease of travel restriction has set the economy in motion to achieve its development […]
Read MoreMANILA, Philippines — President Rodrigo Duterte on Monday signed into law the Public Service Act, which would ease restrictions on foreign investments in key industries. The law amended the 85-year-old Commonwealth Act 146, known as the Public Service Act. The changes would open industries that foreigners were once limited to own or invest in — such as telecommunications, airlines, and railways […]
Read MoreThe baht opened at 33.62 to the US dollar on Tuesday, weakening from Monday’s close of 33.54 to its lowest level in two months. Krungthai Bank market strategist Poon Panichpibool said he expected the Thai currency to move between 33.50 and 33.75 during the day. Poon predicted the baht would weaken and swing sideways in […]
Read MoreThe Ministry of Economy and Finance has officially launched the “Cambodia Garment, Footwear and Travel Goods [GTF] Sector Development Strategy 2022-2027”, with which it hopes to set common development goals, establish independence and develop the sustainability and inclusiveness of the sector. At the meeting introducing and formally implementing the strategy, finance ministry secretary of state […]
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