Amazon Web Services (AWS) will invest US$6 billion in Malaysia over the next 14 years to boost cloud services across the country. AWS is committed to Southeast Asia, and this move is the latest as it …
Economy
Southeast Asian Economies Expected To Grow
As China’s economy cools, countries belonging to the Association of Southeast Asian Nations (ASEAN) are expected to rise in economic prominence, reported the IMF. After all, with a collective populati…
PM says Sri Lanka’s economy will be opened again to the international community with IMF facility
The Prime Minister Dinesh Gunawardena said that with the approval granted by the International Monetary Fund for the agreement by next week, the doors of our economy will be opened again to the intern…
Vietnam attracts foreign investment to build sustainable future
A recent article published on the UK site internationalbanker.com has assessed Vietnam’s efforts to lure foreign trade and investment serving the building of a sustainable future. The article said Vie…
IMF to approve $2.9 bn bailout package for Sri Lanka: Central bank governor
Sri Lankan central bank governor Nandalal Weerasinghe told media on Sunday that the country’s “dollar crisis” is over, as the IMF is set to approve a $2.9 billion bailout package for…
Philippines: ‘Gold rush’ in renewable energy projects
Law allows 100% foreign ownership of green power generation projects This poses a threat to the country’s energy security. Yet it also creates a fresh opportunity — to grow the multi-billion-dol…
Bilateral trade in rupee to gather pace soon
India’s foreign exchange reserves fell $2.4 billion to $560 billion for the week ended March 10, their lowest since early December. trade, economy The RBI has allowed invoicing and payments for intern…
Malaysia looks east to Korea for future economic growth
Malaysia is one of the Southeast Asian countries that turned its gaze toward the East earlier than its neighbors. It has celebrated the 40th anniversary of its Look East Policy (LEP), which aimed to g…
Investment opportunities available amid foreign banking turmoil: Analysts
While the recent bankruptcies in the international banking sector have raised concerns, not all banks are exposed to the same risks, and well-managed institutions may be unfairly punished by the marke…
Cambodia closer to renewable electricity exports to Singapore
Royal Group Power Co Ltd (RGP) – a subsidiary of locally-owned conglomerate Royal Group of Companies Ltd (RGC) – and Singapore’s Keppel Energy Pte Ltd (KE) have entered into a Power Purchase and Expor…