The Hanoitimes – A number of foreign companies are showing interest in becoming major shareholders of debt-laden Vietnam National Shipping Lines (Vinalines). South Korean-based groups Hyundai Motor and SK, Thailand’s Siam Cement Group (SCG) and Belgium’s Ackermans & van Haaren are exploring options to purchase stakes in Vinalines, said Nguyen Canh Tinh, acting CEO of Vinalines. Consequently, Hyundai […]
Read More(KPL) The 2018 Mekong-Lancang Cooperation Media Summit was opened on Jul 2 under the theme “Cooperation in the Mekong-Lancang Community for a bright future”. Jointly hosted by the China People’s Daily of the People’s Republic of China and the Ministry of Information and Culture of the Lao PDR, the media summit drew heads or senior […]
Read MoreSINGAPORE: Most Southeast Asian stock markets fell on Tuesday as a rout in Chinese shares ahead of a U.S. deadline for further tariffs on exports from the world’s second-largest economy soured risk sentiment across the region. Asia-Pacific MSCI index ex-Japan dropped over 1 percent in early trade. Indonesian shares fell nearly 2 percent to a […]
Read MoreKUALA LUMPUR, Malaysia — Malaysia’s government said Tuesday a major China-backed rail link project can only be viable with a “drastic” price reduction by the Chinese contractor as the actual cost of the venture is 81 billion ringgit ($20 billion). The 688 kilometer (430 miles) East Coast Rail Link is a key part of China’s regional […]
Read MoreThe government is expecting the prices of the main contributors to non-tax revenue – oil and coal – to increase next year. Finance Ministry fiscal policy head Suahasil Nazara said in Jakarta on Monday that as of May, the government had earned Rp 145 trillion (US$10 billion) in non-tax revenue, 52 percent of this year’s total target of Rp […]
Read MoreMANILA, Philippines — Domestic factory output sustained growth, although at a slower pace in June because of slower increases in output and new orders coupled with persisting inflationary pressures, according to the Nikkei Philippines Manufacturing Purchasing Managers’ Index (PMI) released yesterday. The headline Manufacturing PMI for the country registered a lower reading of 52.9 in […]
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Thailand
