Myanmar and China inked 33 agreements spanning infrastructure, power and trade during a bilateral meeting between State Counsellor Daw Aung San Suu Kyi and Chinese President Xi Jinping in Nay Pyi Taw over the weekend. However, no progress was made on the development of the Myitsone dam and six other hydropower projects totaling US$25 billion […]
Read MoreBrunei’s economy grew 2% to $4.6 billion (real GDP) from July to September (Q3) 2019 driven by increased production of crude oil and banking services. Crude oil production increased from 105.5 thousand barrels per day in Q3 2018 to 113.3 thousand barrels per day in Q3 2019, although oil prices dropped by US$11.1 per barrel […]
Read MoreBank Indonesia (BI) has officially granted China-based e-wallet heavyweight WeChat Pay a permit to operate in the country. BI deputy governor Sugeng said the central bank granted the permit on Jan. 1. “WeChat Pay is now legal [in the country],” he said on Saturday as quoted by kompas.com via Kontan. Regulators agreed to grant the permit after WeChat […]
Read MoreMANILA, Philippines — The economy likely grew at a faster pace in the fourth quarter of 2019 due to the recovery in capital formation and public spending, according to Security Bank Corp. In a statement, Robert Dan Roces, chief economist at Security Bank, said the economy may have grown by 6.6 percent in the last […]
Read MoreForeign investors are expected to continue selling Thai government bonds to the tune of almost Bt100 billion this year, according to the Thai Bond Market Association (ThaiBMA) which also predicted the central bank cutting its benchmark rate in the current quarter. ThaiBMA President Tada Phutthitada said on Thursday (January 16) that foreign investors made net […]
Read MoreGrab, Southeast Asia’s leading ride-hailing app, announced yesterday the launch of two new initiatives in Cambodia under its ‘Grab for Good’ social impact programme. A company-wide commitment by Grab to create positive social and economic impact through technology. The two new initiatives are Break the Silence: empowering the deaf and Persons with Disabilities, and Anti-human […]
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