Asean Morning News For July 26

Asean Morning News For July 26

Asean Morning News Compiled by Stella-maris Ewudolu    @stmarisewudolu   Asean firms win bid to supply rice to Philippines Six companies from Southeast Asia will likely supply the 250,000 metric tons (MT) of rice as part of the planned government to private sector (G2P) importation scheme to boost the country’s dwindling buffer stock. — The Philippine Star […]

Cambodia Morning News For July 26

Cambodia Morning News For July 26

IMF urges boost to tax system Cambodia’s economy continues to perform strongly, but the government will face rising spending pressures that need to be tackled by enhanced revenue collection through more stringent tax measures to contain near-term deficits, the International Monetary Fund (IMF) said yesterday at the conclusion of its annual Article IV consultation — […]

Malaysia Morning News For July 26

Malaysia Morning News For July 26

Foreign investors are cashing in on an emerging market with a booming currency Things are looking up for Malaysia, with more foreign investors cashing in on the country’s improving economy and strengthening currency, market participants told CNBC on Tuesday. — CNBC  Petronas halts US$28.8 billion Canadian LNG project Petronas will not proceed with a proposed […]

Indonesia Morning News For July 26

Indonesia Morning News For July 26

World Bank: Indonesia needs $500 bln in 5 yrs to plug infrastructure gap World Bank Group President Jim Yong Kim said on Tuesday that Indonesia needs to nearly double its public spending on infrastructure and bring in more private investment to fill an infrastructure gap of $500 billion in the next five years. — Reuters […]

Lao Morning News For July 26

Lao Morning News For July 26

Import and Export Procedures in Laos – Best Practices Officially the Lao Peoples’ Democratic Republic (Lao PDR), landlocked Laos borders China, Cambodia, Myanmar, Thailand, and Vietnam. – Asean Briefing Government introduces customs, tax, fee e-payments The Lao government is upgrading payment methods for customs, tax, and other fees at the international customs checkpoint nationwide. – […]

Myanmar Morning News For July 26

Myanmar Morning News For July 26

Why the Myanmar economy is slowing, and how it could bounce back Economic growth in Myanmar has slowed and the country’s fiscal and current account deficits have swelled over the past 2 years under the National League for Democracy government. – The Myanmar Times Limited links sink Myanmar’s potential Long viewed as Southeast Asia’s ‘connectivity’ […]

Philippines Morning News For July 26

Philippines Morning News For July 26

Philippines buys 250,000 tons of rice to boost stockpiles THE NATIONAL FOOD AUTHORITY (NFA) purchased 250,000 metric tons (MT) of rice in a tender yesterday from suppliers in Vietnam, Thailand and Singapore, as it rushed to boost thinning state stockpiles. — BusinessWorld Online PH gov’t told to pay Maynilad over P3B for delayed tariff hike […]

Singapore Morning News For July 26

Singapore Morning News For July 26

Singapore’s Grab Draws $2.5 Billion to Bolster Ride-Hailing, Payments Services Southeast Asia’s ride-hailing sector is shaping up to be a massive proxy fight between some of the largest tech companies operating in the region. — eMarketer  Singapore PM warns against threat of extremism Conflicts in other parts of the world must not affect the racial […]

Vietnam Morning News For July 26

Vietnam Morning News For July 26

Southern Power Corporation develops key electricity projects The Southern Power Corporation under the Electricity of Vietnam Group (EVNSPC) is planning to build 53 more 110 kV power projects in southern provinces and cities, bringing the total number of works in 2017 to 79. – VietnamPlus Foreign investors pouring more money into petrol market The Vietnamese […]

Thailand Morning News For July 26

Thailand Morning News For July 26

Baht’s sharp rise on BoT radar The Bank of Thailand has acknowledged the baht’s rapid climb against the US dollar recently, a movement that it says warrants close monitoring. — Bangkok Post Govt plans Bt2,750 welfare per month for low-income citizens THE GOVERNMENT plans to offer a state welfare payments of Bt2,750 a month to […]

Thailand English-language News For July 25

In Thailand English-language News for July 25, 2017, Newsline presenter Dhra Dhirakosal tells us about: 01:08 | The National Council for Peace and Order (NCPO) and the government have proposed that free food and drinks for those mourning the late King Bhumibol Adulyadej be distributed to volunteers at a site outside Sanam Luang before being transported to the […]

Asean Morning News For July 25

Asean Morning News For July 25

Asean Morning News Compiled by Stella-maris Ewudolu    @stmarisewudolu   Southeast Asia’s Grab to Get $2.5b Extra Firepower in Battle With Uber Southeast Asian ride-hailing service Grab expects to raise $2.5 billion in a record round of fundraising to cement its lead over Uber Technolgies in the region and grow its payments platform. — Jakarta Globe RCEP […]

Thailand Morning News For July 25

Thailand Morning News For July 25

Thailand freezes former PM Yingluck’s bank accounts in rice subsidy case Thailand’s justice ministry froze some of former Prime Minister Yingluck Shinawatra’s bank accounts, the ministry and her legal team said on Monday, in relation to a $1 billion fine imposed by the ruling junta over her administration’s rice-subsidy program. — Reuters Thailand seizes $21 […]

Cambodia Morning News For July 25

Cambodia Morning News For July 25

US dollar used to curb inflation Cambodia’s central bank purchased a total of $479.4 million worth of cash during the first half of this year to convert to riel, utilising one of the few tools the National Bank of Cambodia (NBC) has to stabilise the value of the local currency and inject it into circulation, […]

Malaysia Morning News For July 25

Malaysia Morning News For July 25

Malaysian start-up Grab out to secure RM10.7bil investment Grab, a local start-up that has amassed a dominant market share of the ride-hailing market in South-East Asia, is expanding into financial services with the latest round of fundings. — The Star Online  IMF upgrades outlook for Malaysian economy The International Monetary Fund (IMF) has revised its […]

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