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% …
India to top up $ 900 million aid for Sri Lanka with $1.5 billion bail-out package
External Affairs Minister S Jaishankar on Saturday held talks with Sri Lankan Finance Minister Basil Rajapaksa and discussed joint projects and investments by Indian companies that would strengthen th…
Vietnam gives green light to US$15 billion stimulus plan for economic recovery
The parliament of Vietnam has approved a stimulus package worth 347 trillion VND (US$ 15.3 billion) for those severely affected by the Covid-19 pandemic, especially businesses as well as expanding inf…
Cabinet approves India-Nepal MoU for bridge construction over Mahakali River
The Union Cabinet, chaired by Prime Minister Narendra Modi, on Thursday approved the Memorandum of Understanding (MoU) between India and Nepal for the construction of a bridge over Mahakali River at D…
Bangladesh bets big on wind energy to curb climate change
Bangladesh aims to significantly expand renewable energy sources in its total energy mix in its relentless pursuit of a net-zero carbon footprint. As one of the key steps in this regard, the Sustainab…