Business News

Business News

News about trade, finance, investment trends and issues.

Singapore, Malaysia, Brunei Top Asean Countries In Global Talent Index

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Singapore is topping the 2019 Global Talent Competitiveness Index in the Association of Southeast Asian Nations (ASEAN), as well as in Asia-Pacific for the...
Indonesia’s “smart Kiosk” Startup Raises More Funds To Digitise Street Vendors

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Indonesian micro-retail tech startup Warung Pintar (“smart kiosk”) has secured new funding of $27.5 million in a Series B round participated by its existing...
Asean Countries Welcomed 129 Million Tourists Last Year, Up 7.6%

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Close to 129 million tourists visited the ten member countries of the Association of Southeast Asian Nations (ASEAN) in 2018, which translates into a...
Thailand’s Stock Exchange Ventures Into Cryptocurrency Trading

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The Stock Exchange of Thailand (SET) is planning to set up a regulated digital asset exchange in order to capitalise on sustained interest of...
Eu Reinstates Import Duties On Rice From Cambodia And Myanmar

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The European Commission has reinstated duties on rice from Cambodia and Myanmar for three years after determining that imports were causing economic damage to...
Goldman Sachs Ceo Apologises To Malaysia, Say People Were “defrauded”

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David Solomon, new CEO of Goldman Sachs Group (pictured), apologised to the Malaysian people for the role that a senior banker at the firm,...
Bangkok Smog To Cause Economic Damage Of Over $200 Million

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The current severe air pollution crisis in Thailand’s capital Bangkok is expected to cost the country up to 6.6 billion baht ($207.8 million) in...
New Vietnam Stock Exchange Set Up As Umbrella For Hanoi And Hcmc Bourses

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The Vietnam government has set up a new state-owned stock exchange company, Vietnam Stock Exchange (VSE), which will operate as an umbrella company for...
Malaysia Insists Goldman Sachs Pays Back $7.5 Billion In 1mdb Case

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Malaysian Finance Minister Lim Guan Eng says his government insists on reclaiming $7.5 billion from US financial firm Goldman Sachs in reparations over the...
Laos expects more private investment this year

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The Communist Lao government expects domestic and foreign private investment to climb to 23,086 billion kip ($2.7 billion) in 2019 from around $2.36 billion...
Bamboo Airways finally takes to the skies

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Vietnam’s new private airline, Bamboo Airways, will commence commercial flights on January 16 after repeated delays, the company said in a statement to news...
Opium cultivation in Myanmar drops further, UN says

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The area of opium poppy cultivation in Myanmar dropped for the fourth year in a row to 37,300 hectares in 2018 in the two...
Alibaba launches second data center in Indonesia as demand surges

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China's e-commerce giant Alibaba Group, through its cloud computing arm Alibaba Cloud, on January 9 launched its second data center in Indonesia to cope...
EU lifts “yellow card” on Thai fishing industry

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The European Commission on January 8 removed Thailand from the group of "warned countries,” known as “yellow card,” for its action and progress in...
Go-Jek denied entry to the Philippines

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Indonesia’s Go-Jek suffered a setback to its expansion plans on January 9 after the transport regulator in the Philippines rejected its application to launch...
Laos to get its first smart city

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The Laos government has plans to set up a smart and eco city in its northwestern Oudomxay province within the province’s Namor district and...
Vietnam tourism arrivals surge 20%, hit new record

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Vietnam closed 2018 almost spot on its target of tourist arrivals, counting 15,497,791 international visitors which represented an increase of 19.9 per cent over...
PetroVietnam Power Corp readies for multi-billion IPO this month

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PetroVietnam Power Corporation (PV Power), the country’s second largest power producer, will list on the Ho Chi Minh City stock exchange on January 14...