Cambodia yesterday asked Laos to speed up the transmission of energy to the Kingdom under a deal signed earlier this year. In March, Electricite du Cambodge (EDC) signed an agreement to purchase 200 MW from Laos from 2019 to 2021. During a meeting yesterday in Phnom Penh, Commerce Minister Pan Sorasak urged Laotian Ambassador Amphay […]
Read MoreThe new adjustment is revealed as part of a recently-released circular of the Ministry of Finance, prescribing the rates of charges for provision of enterprise information and fees for enterprise registration. The business license fees, including new issuance, renewal or modification, in Vietnam would be slashed by a half, starting September 20, as the government […]
Read MoreTHE Second Belt and Road Forum, held in Beijing in late April, marked the launch of BRI 2.0 and delivered a clear commitment to a more open, inclusive, sustainable and market-driven initiative. This addresses concerns that had previously been raised over debt burdens connected with BRI (Belt and Road Initiative) projects, their transparency and their […]
Read MoreMALAYSIA’S construction sector may see short-term weakness given macroeconomic uncertainties, but will get a boost from completed transport infrastructure projects in the long run, said Fitch Solutions Macro Research in an Aug 19 report. Fitch Solutions lowered its forecasts for both the residential and non-residential buildings sectors. The report noted weak supply side data, with a decreasing […]
Read MoreAsean is facing existential threats such as climate change and environmental degradation, which could potentially lead to financial instability and social unrest, according to the 2019 sustainable Banking Assessment (SUSBA) by the Worldwide Fund for Nature (WWF). The study found that the 35 Asean banks assessed were not responding fast enough to these threats, based […]
Read MoreThe cabinet on Tuesday gave the green light to a 316-billion-baht stimulus package deemed vital to boosting the country’s economic growth by 0.5-0.6 percentage points this year. According to Finance Minister Uttama Savanayana, the stimulus package consists of three main groups of measures: additional allowances to low-income earners and the elderly; a debt suspension scheme […]
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Thailand
