SINGAPORE: Most Southeast Asian shares rose on Wednesday with the Philippines and Indonesia hitting record highs, tracking gains on Wall Street, while sentiment also got a boost after the World Bank raised its growth forecasts for developing East Asia and the Pacific region. The three major U.S. stock indexes and the Russell 2000 posted record […]
Read MoreLOG exporting businesses in Myanmar have requested the government to hold tenders only open to domestic log traders. Log merchants have called for the Myanma Timber Enterprise (MTE), which is under the Ministry of Resource and Environmental Conservation, to hold separate tenders for local wood-based industry merchants engaging in the business of exporting logs of […]
Read MoreThe World Bank urges greater infrastructure investment and better access to jobs for people in urban areas to combat poverty and boost economic growth. “Cities across East Asia and the Pacific are not delivering infrastructure, jobs, and services at a pace as rapid as urban development, leading to widening inequalities that may hamper economic growth […]
Read MoreAMED, Indonesia: A Balinese town once bustling with holidaymakers has almost emptied of tourists after warnings that nearby Mount Agung could erupt at any time — a snapshot of the growing cost the rumbling volcano poses to Indonesia’s economy. Business has slumped at many hotels, dive resorts and restaurants in towns around the volcano since […]
Read MoreThe Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has raised its 2017 forecast for export growth to 6.5-7.5% after witnessing strong gains the first eight months of the year. The range is well above the previous forecast of 3.5-4.5% and matches the view of the Thai National Shippers’ Council (TNSC) based on strong […]
Read MoreA new regulation from the Board of Investment (BoI) and the rise of digital transformation will stimulate the use of submarine cables and could allow Thailand to become a regional cable option, says a local carrier. “Thailand has the potential to be an alternative international connection point in Asean, in particular as a gateway to […]
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