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An Indonesian and a Chinese company have inked an agreement to begin a feasibility study for a coal-to-methanol plant worth $560 million. The announcement comes as the Indonesian government is pushing for downstream development to get more value out of the country’s rich coal reserves. The agreement was signed between Indonesia’s Powerindo Cipta Energy (PCE)
The Lao government is expediting the commercial production of cattle for export, notably to China, in anticipation of the opening of the Laos-China railway. But while the railway will facilitate the transport of cattle, investment capital of 1.76 trillion kip ($170 million) will be required to run a commercial cattle production project, according to the
Gold prices softened as rising US Treasury bond yields strengthened the greenback, making the dollar more attractive to investors. Prices of the precious yellow metal on Monday declined modestly from $1,800 to $1,760 per ounce. The White House on Friday announced the lifting of Covid-19 travel restrictions for fully vaccinated foreigners from November 8, which
The International Monetary Fund has cut its forecast for Asia-Pacific economic growth this year to 6.5 percent from 7.6 percent in April. The downgrade is the biggest of any global region. The IMF said the Coronavirus pandemic took a turn for the worse in the spring, with the Delta variant causing new spikes in infections.
The Kingdom of Cambodia and the Republic of Korea will sign a draft free trade agreement (FTA) next week, as the two countries witness their bilateral trade amount on the rise. The draft pact is scheduled to be signed on Tuesday online by Cambodian Minister of Commerce Pan Sorasak and Korean Minister of Trade Yoo
Central banks play a crucial role in ensuring economic and financial stability. They conduct monetary policy to achieve low and stable inflation. In the wake of the global financial crisis, central banks have expanded their toolkits to deal with risks to financial stability and to manage volatile exchange rates. In response to the COVID-19 pandemic,
The Cambodia-South Korea Free Trade Agreement (CKFTA) is set to be signed on October 26, ushering in a new chapter that will open up fresh avenues in trade and investment between the two Asian nations, according to a senior Ministry of Commerce official. Ministry undersecretary of state Pen Sovicheat told The Post on October 20