Container freight rates across the world’s busiest ocean trade route have soared to a 10-year high, adding to strains on major shipping lanes as Western retailers rush to restock ahead of the year-end holidays. The average spot-market price to ship a 20-foot box from Asia to Europe hit $2,091 this week, according to the Shanghai […]
Read MoreFour massive Thai conglomerates — B.Grimm Group, Amata Corporation, PTT and Global Power Synergy — have entered into an agreement to develop an 800-square-kilometre industrial estate in Myanmar. A memorandum of understanding is expected to be signed by the beginning of next year, said B.Grimm chairman Harald Link. Mr Link said B.Grimm’s role in the […]
Read MoreRESIDENT employment levels bounced back to near pre-Covid levels in the third quarter after taking a big hit in June when the “circuit breaker” was at its height, according to findings of the Labour Force Singapore Advance Release 2020 (LFAR). “Despite the pandemic’s impact on the economy, employment rate remained high (80.3 per cent) for […]
Read MoreTHAILAND plans 43.5 billion baht (S$1.9 billion) of additional stimulus to boost domestic consumption and an increase in benefits for local travel, officials said on Wednesday, as the government tries to revive a flagging, pandemic-hit economy. Some 22.5 billion baht will be offered to 5 million new consumers, or 3,500 baht each, under the current […]
Read MoreVietnam and Laos have resumed commercial flights after months of suspension due to the Covid-19 pandemic. The first commercial flight between Hanoi and Vientiane was operated by Vietnam Airlines on the occasion of Vietnamese Deputy Prime Minister and Foreign Minister Pham Binh Minh’s visit to Laos from 29-30 November, according to Hanoi Times. Mr. Minh visited […]
Read MoreMyanmar has expected to sell 50 percent of natural gas produced from offshore projects to Thailand and 20 percent to China while the remaining 30 percent is set for domestic sale, according to the 2020-2021 State budget data. In the domestic gas consumption, 85.9 percent will be electricity generation, 5.3 percent for CNG production, four […]
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