American foreign policymakers are turning the tide against the notion of multilateralism, pushing instead for a unilateral world where “Make America Great Again” (MAGA) will be more meaningful. In the path to MAGA, the rules of globalisation are getting torn apart, a heavy dose of protectionism is in place in the United States and everyone […]
Read MoreCambodia will increase energy imports from neighbouring Laos following the signing of a deal between the countries on Wednesday. The energy deal was signed in Vientiane during the visit of a Cambodian delegation that included Prime Minister Hun Sen. Provinces near the border with Laos – including Preah Vihear, Stung Treng, Ratanakkiri and Kratie – […]
Read MoreThe consumer confidence index tumbled to a six-month low in November on concerns about ebbing tourism revenue and falling crop prices, says the University of the Thai Chamber of Commerce. The UTCC’s latest survey said the index fell for a third straight month to 80.5, down from October’s 81.3, September’s 82.3 and August’s 83.2. Fewer […]
Read MoreAfter prompting protests from lobby groups and sparking political controversy, the government is being more cautious in revising the negative investment list (DNI), which is part of the 16th economic policy package announced in mid-November. Coordinating Economic Ministry secretary Susiwijono said the government had removed 13 business units from the DNI, from the initial plan of 54, but stressed […]
Read MoreMANILA, Philippines — Foreign investment pledges approved by the country’s investment promotion agencies rose 6.5 percent in the third quarter, the Philippine Statistics Authority (PSA) reported yesterday. Commitments approved in the third quarter went up to P45.9 billion from P43 billion in the same period last year. These cover investment pledges cleared by the Board […]
Read MorePETALING JAYA: The latest report by Moody’s Investors Service has set off alarm bells over the direction of Malaysia’s financial system, after the ratings agency called property loans the greatest threat for Malaysian banks. The worrying remark in Moody’s 2019 outlook report for Asia-Pacific banks came after Bank Negara’s constant assurance that the domestic property […]
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