Economy and Trade

Economy and Trade

Economy and Trade is a section of Business News on investvine.com
Myanmar Opens Up For Foreign Insurance Compnaies

579
Myanmar’s financial regulator will begin granting licenses to foreign-owned insurance companies, allowing them to operate in the market by April this year. “We will soon...
Indonesia’s Batam Hoping For $60 Billion In Investment

733
Indonesia wants to re-position Batam, an island archipelago just 30 kilometers south of Singapore, as an alternative manufacturing and shipping hub that would compete...
Corruption Is Getting Worse In Asia, Report Shows

617
With an average score of just 44 out of 100 for three consecutive years, the Asia-Pacific region is making little progress in the fight...
Mass Arrivals Cause “headache” For Thai Tourism Minister

632
Thailand received a record of 38.3 million tourists in 2018, and 2019 numbers are expected to be even higher. According to tourism minister Weerasak Kowsurat,...
Hcmc, Hanoi, Manila, Bangkok Among World’s Most Dynamic Cities

763
Vietnam’s Ho Chi Minh City and Hanoi appear prominently among the global Top 10 most dynamically growing cities in the new City Momentum Index...
Malaysia Cancels $20-billion Rail Project With Chinese Contractor

554
Malaysia’s economics minister on January 26 said that the government will cancel its $20-billion East Coast Rail Link (ECRL) project with contractor China Communications...
Philippines Gdp Growth Slowest In Three Years

607
The Philippine economy grew 6.2 per cent in 2018, missing the government’s growth target as price increases slowed consumer spending as well as business...
Thailand Finally To Hold Elections On March 24

526
Thailand will hold a general election on March 24, 2019 for the first time since the latest military coup in May 2014. The date...
Singapore, Malaysia, Brunei Top Asean Countries In Global Talent Index

798
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

773
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...
Thailand’s Stock Exchange Ventures Into Cryptocurrency Trading

598
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

552
The European Commission has reinstated duties on rice from Cambodia and Myanmar for three years after determining that imports were causing economic damage to...
Bangkok Smog To Cause Economic Damage Of Over $200 Million

776
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...
Laos expects more private investment this year

616
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...
Opium cultivation in Myanmar drops further, UN says

754
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...
EU lifts “yellow card” on Thai fishing industry

452
The European Commission on January 8 removed Thailand from the group of "warned countries,” known as “yellow card,” for its action and progress in...
Laos to get its first smart city

846
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...
PetroVietnam Power Corp readies for multi-billion IPO this month

609
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...