Thailand Mega Fair unveiled as next Thai-Saudi trade bonanza
The trade showcase is designed to tap into potential Saudi and Middle East markets for Thai goods, and offer a platform for business matching.
Business
Thousands of jobs at stake as phone makers in Pakistan close shop
Pakistan has been producing over 2.5 million phones per month on average since April last year, catering to around 90 per cent of the total demand and only the high-end sets are…
OPEC+ announces surprise oil cuts of around 1.16 million barrels per day from May to year-end
The latest reductions could lift oil prices by $10 per barrel, the head of investment firm Pickering Energy Partners said on April 2, while oil broker PVM said it expected an…
EU carbon rules hurt Asean exporters but could benefit them later: ADB
Some deride the EU policy as a trade barrier, while others say it may force origin countries to move faster toward more sustainable production practices.
Ho Chi Minh City organises first-ever banh mi festival
The first of its kind in Vietnam, the event features 120 stalls from leading bakeries, restaurants and food suppliers from around the country.
Korean chips act aims to extend tax cuts for local chipmakers
With the latest amendment, conglomerates and companies could receive a tax cut of 25 per cent at maximum.
Palm oil’s premium to be short lived, to fade with Indonesian supply
The premium has slowed down palm oil purchases by key importers as refiners were replacing palm oil with rapeseed and sunoil.
ThorCon submits paperwork for Indonesia’s first nuclear power plant
According to the firm, investment for this project may total Rp 17 trillion (US$1.1 billion).
Iftar ban for government employees deals blow to hotel industry
An industry expert said the ban subjected the hotel industry to a drought this Ramadan, as vanishing room bookings meant hotels normally relied heavily on income from…
Alibaba announces historic restructuring
The business will split into six main units managed by its own chief executive, the biggest restructuring in the company's 24 year history.