Economy and Trade

Economy and Trade

Economy and Trade is a section of Business News on investvine.com
Viettel has plans to expand to North Korea, Cuba

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Viettel Group, Vietnam's largest mobile network operator wholly owned and operated by the Ministry of Defense, has plans to expand to socialist sister countries...
Jobless rate in Brunei jumped to 9.3%

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Brunei’s unemployment rate rose to 9.3 per cent in 2017 from 6.9 per cent in 2014, latest available data from the Department of Statistics...
Cambodia becomes gambling heaven, adds 52 new casino licenses in 2018

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Cambodia granted 52 licenses for new casinos in 2018; pushing the number of gambling facilities up by 53 per cent over the previous year,...
Vietnam overtook Singapore in IPO volume this year

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Vietnam in 2018 topped Southeast Asia’s top grossing market for initial public offerings (IPOs) with total proceeds of $2.6 billion. Singapore, who lost its crown...
Vietnam records highest economic growth in a decade

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Vietnam’s economy grew by 7.08 per cent in 2018, the fastest rate in the past eleven years and beating the target of 6.7 per...
Philippines to sign OFW pact with Russia

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The Philippine Department of Labor and Employment (DOLE) is set to sign a bilateral agreement with Russia on the deployment of overseas Filipino workers...
Thailand legalises medical use of marijuana, a first in Southeast Asia

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Thailand has become the first country in Southeast Asia to approve legal use of marijuana by amending the country’s drug law to allow the...
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...