Economy and Trade

Economy and Trade

Economy and Trade is a section of Business News on investvine.com
Cambodia’s economic growth to reach 7.3% this year

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Cambodia’s economy is expected to grow by 7.3 per cent this year, spurred by the robust performance of garment exports, tourism and construction, deputy...
Laos lost $30 million to corruption this year

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Corruption in Laos has become worse despite the government’s ramped-up efforts to battle the issue over the past two years, NGOs say. In addition, many...
Thailand raises interest rates after long hiatus

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Thailand’s central bank raised its benchmark interest rate for the first time since 2011, joining peers in the region in tightening monetary policy this...
Singapore bans Goldman Sachs banker for life

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Singapore through its Monetary Authority of Singapore (MAS) has ordered a lifetime ban against former Goldman Sachs banker Tim Leissner due to his involvement...
Bangkok among most expensive cities

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Bangkok has joined the list of the 100 most expensive cities for expatriate workers for the first time on the strong baht, economic growth...
China to build $4.4-billion steel complex in the Philippines

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The Philippine government on December 14 signed a memorandum of understanding with Chinese companies for the joint implementation of the “Philippine Iron and Steel...
Laos misses out on its five-million tourists target this year

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Laos will close its “Visit Laos Year 2018” promotion well short of the five million tourist arrivals target, the Vientiane Times quoted officials. According to...
Philippine digital economy expected to grow to $10 billion by 2025

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The Philippine e-commerce industry is poised for exponential growth, with its share of the Southeast Asian market expected to be worth $10 billion by...
Indonesia’s Tokopedia raises $1.1 billion from Alibaba, Softbank

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Indonesia’s leading e-commerce portal Tokopedia said on December 12 it has raised $1.1 billion in funding from investors including Japanese tech holding SoftBank’s Vision...
Foxconn plans iPhone plant in Vietnam in response to US-China trade war

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Taiwanese electronics assembler Foxconn Technology Group is planning to open an iPhone manufacturing facility for Apple in Vietnam to mitigate the effects of the...
Malaysia government sets 20% annual growth target for e-commerce sector

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The Malaysian government has set an annual growth rate target of 20 per cent for the e-commerce sector in the country, from 14.3 per...
Vietnam to advise North Korea on economic development

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Vietnam is set to teach secluded North Korea lessons of how to open its economy during a visit of North Korea's foreign minister Ri...
Foreign direct investment into Malaysia increased 350% in past three quarters

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Malaysia’s foreign direct investments (FDI) volume increased to 49 billion ringgit ($11.72 billion) for the first nine months of this year compared with the...
Indonesia’s digital economy to become largest in ASEAN by 2025

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The annual “e-Conomy Southeast Asia” study conducted by Google and Singapore's state holding company Temasek found that Indonesia’s digital economy is poised to become the...
Works on Thai-Chinese high-speed rail to commence in 2019

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The Thai government will begin construction of the first phase of the remaining three sections of the Thai-Chinese high-speed rail between Bangkok and Nakhon...
Thailand’s economy slows, foreign investors on the sidelines

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Thailand's economy slowed in the third quarter this year as the trade war and a slowdown in tourism started to bite, prompting the government...
500 Startups to fund more Vietnamese tech startups

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Silicon Valley venture capital firm 500 Startups has raised $14.1 million for the new seed-stage fund of its Vietnamese unit, 40 per cent over...
Chinese to invest $2 billion to build industrial park in Clark, Philippines

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Chinese construction and engineering company China Gezhouba Group will invest $2 billion to establish an industrial park in New Clark City in Pampanga province...