ASEAN is powering the global growth of Islamic banking, thanks to world-leading innovation and strong demand. The success of Islamic banking will help fuel the region’s economic development and enhanc…
China mega-tech drives Bangladesh mega highway
Work on a joint Chinese-Bangladeshi venture to build a transformational highway bypassing Bangladesh capital Dhaka is well underway. The mega expressway will link the industrial belts around Dhaka wit…
First Thai rice shipment delivered using Laos-China railway
A first shipment 1,000 tonnes of Thai rice has been delivered using the Lao-Chinese railway to Chongqing, marking a new chapter in exports to China, the Agriculture and Cooperatives Ministry announced…
World tourism inched back in 2021, still a fraction of pre-pandemic levels
The world tourism industry barely improved last year compared to 2020, with all indicators staying way below pre-pandemic levels and industry professionals not expecting a full recovery before 2024, t…
India Plans to Switch to Soft Oils as Indonesia Restricts Palm Oil
According to industry officials and analysts, Indonesia’s plan to limit palm oil exports, which has driven prices to record highs, is expected to make leading importer India to switch to substit…
Why Southeast Asia Has Reason to Be Optimistic About 2022
Last year, Southeast Asia’s low vaccination rates and strict lockdowns reverberated across the world, mostly in the form of supply shortages. The region is a key manufacturing center for electronics a…
Philippines launches sustainable finance roadmap
The Philippine government Wednesday launched its sustainable finance roadmap to address the country’s policy and regulatory gaps in promoting sustainable investments. According to one of the plans und…
Govt ready to present facts related to Malaysian palm oil
The government is still waiting for the exact date for the dispute proceeding on the European Union’s (EU) alleged discrimination against Malaysian palm oil scheduled in March this year, said Plantati…
UOB buys four Citibank retail arms
Good asset quality and strong competition in the Thai consumer banking sector are the main reasons United Overseas Bank (UOB) is buying Citibank’s retail arms in four Asean markets, says an exec…
UN projects robust growth for Bangladesh despite global slump
The United Nations has projected a continued momentum in Bangladesh’s economic growth despite a downward projection for the global economy. Bangladesh’s economy is projected to see a 5.8% …