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Thailand: 4 EEC projects worth B470bn get nod

CHIANG RAI: The cabinet has endorsed four infrastructure investment projects worth a combined 470 billion baht under the government’s flagship Eastern Economic Corridor (EEC) scheme.  The projects were approved by the EEC Policy Committee on Oct 4 and endorsed at a mobile cabinet meeting on Tuesday in the northern province.  The approval came as some of […]

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New target needed on Asean energy

THAILAND’S Energy Minister Siri Jirapongphan has asked the Department of Alternative Energy Development and Efficiency (DEDE) to conduct a study to revise the target for energy use under Asean Ministers on Energy Meetings (AMEM) after Asean countries reached the exisiting target sooner than planned in 2021. Siri said that a committee will study the new […]

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Philippines: Currency deal seen to corner $120 billion investments from China

MANILA, Philippines — The Philippines is expected to win a larger share of China’s overseas investments, reaching an estimated $120 billion with the signing of an agreement that would pave the way for the direct conversion of the respective currencies of the two countries under a so-called Philippine Renminbi Trading Community (PRTC) and peso-renminbi spot market, according […]

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Indonesia: Investment down 1.4 percent in Q3: BKPM

The Investment Coordinating Board (BKPM) has recorded Rp 173.8 trillion (US$11.4 billion) in investment in the third quarter,  1.4 percent lower than investment in the second quarter. Investment has continued to decline, as the figures represented a 4.9 percent quarter-to-quarter decline in the second quarter, which was recorded at Rp 176.3 trillion. BKPM head Thomas Lembong attributed […]

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