Business News

Business News

News about trade, finance, investment trends and issues.

Garuda To Cancel 49 Boeing Max Orders

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Indonesia's national carrier Garuda will cancel a multibillion-dollar order for 49 Boeing 737 MAX 8 jets after...
Happiness Dropped In Thailand, Malaysia: Un Report

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The newly released World Happiness Report 2019 by the United Nations shows that most Southeast Asian countries...
Hanoi Kicks Off Construction Of Formula One Race Track

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Vietnam on Wednesday on March 20 started construction of a race circuit in the capital Hanoi where...
Auto Draft

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The Philippine transport regulator Land Transportation Franchising and Regulatory Board (LTFRB) on March 19 rejected an appeal...
Vietnam New Hotspot For Luxury Property

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Vietnam has become a new preferred location for luxury property buyers, whether domestic or foreign, due to the country’s impressive economic growth and easier...
Elections Kick Off In Thailand With High Long Lines At Voting Stations

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Hundreds of thousands of voters across Thailand were heading out on March 17 to cast early ballots, a week ahead the country's first general...
Thailand Pushes Projects For Eastern Economic Corridor

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The Thai government continues to promote investment in the Eastern Economic Corridor (EEC), one of the largest economic initiatives geared particularly towards foreign investors....
Brunei To Push Tourism Arrivals With New Offers

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Brunei is looking to capitalise on its natural attractions and institutions such as hospitals and international schools to promote medical, educational and eco-tourism, according...
Manila Runs Dry As Water Utility Scrambles To Maintain Supply

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Customers of Manila Water Company, Inc, a water utility which is part of Philippine business conglomerate Ayala Corp., are faced with more supply shortages...
Vietnam, Laos Enter Cooperation In Cyber Security, E-government

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The governments of Laos and Vietnam agreed to enter a cooperation for the development of cyber security and e-government solutions and continue their cooperation...
Malaysia Airlines Facing Sale Or Shutdown

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The Malaysian government is considering whether to shut, sell or - as one of the less likely options - refinance national carrier Malaysia Airlines,...
Indonesia Grounds All Boeing 737 Max 8 Jets Over Safety Concerns

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Indonesia, alongside China and Ethiopia, has grounded all Boeing 737 MAX 8 aircraft following the Ethiopian Airlines crash on March 10 that killed all...
Vietnam Corporations Line Up To Start Business With North Korea When Sanctions Fall

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Companies from Vietnam are eager to be among the first to do business with and in North Korea should international sanctions be lifted, positioning...
Ukrainian Agency To Build Arms Plant In Myanmar

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A Ukrainian state agency and the Myanmar military have signed a joint-venture agreement to build a plant capable of manufacturing armored personnel carriers and...
Philippines Drowning In Plastic Bag Waste

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The Philippines has a growing environmental problem with waste from plastic bags, with 164 million mostly non-recyclable pieces being thrown away by Filipinos on...
Ride-hailing Firm Grab To Invest “substantially” In Indonesia

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Singapore-headquartered ride-hailing firm Grab said on March 7 that it has secured $1.5 billion in fresh financing from a fund run by Japan’s SoftBank...
Manila Tops Global Luxury Property Index

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The Philippine capital Manila surprisingly tops the new ranking of price appreciation of luxury property globally, compiled by international real estate company Knight Frank...
World’s Biggest Floating Solar Power Farms Planned In Thailand

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Thailand plans to build the world's largest floating solar farms to boost the country's share of clean energy, Bloomberg News cited Thepparat Theppitak, a...