Business News

Business News

News about trade, finance, investment trends and issues.

Malaysia’s New Attraction: Durian Tourism

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Malaysia, well known as a country with delicious durian fruits, now plans to go big on durian tourism, Deputy Agriculture and Agro-based Industries Minister...
Go-jek’s Ride-hailing Service Launched As “get” In Thailand

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Indonesian ride-hailing app Go-Jek officially launched its operations in Thailand on February 27 as part of its expansion into Southeast Asia. Under the brand...
Scania Opens New Truck And Bus Assembly Plant In Thailand

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Swedish commercial vehicle builder Scania is opening a new assembly facility for trucks and bus chassis in the Bangkok Free Trade Zone in Samut...
Malaysia To Unveil Home-made Flying Car

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Malaysia plans to unveil its first flying car prototype to the public this year, Minister of Entrepreneur Development Mohd Redzuan Md Yusof said on...
Construction To Start For Metro Manila’s First Subway Stations

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A consortium of Japanese and Filipino firms has bagged the contract to design and build the first three stations of the Metro Manila subway...
Malaysia Expects Healthy Growth Rate Of 4.9% This Year

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Malaysia's economy continues to be strong and GDP is expected to expand a further 4.9 per cent in 2019 even with a decline in...
Suu Kyi Calls For Investors To Engage In Rakhine State

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Myanmar State Counselor and de facto-leader Aung San Suu Kyi called for investment in the crisis-hit western state of Rakhine on February 22, saying...
Cambodia Put Back On Global Money Laundering Watchlist

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Paris-based intergovernmental money-laundering watchdog Financial Action Task Force (FATF) has placed Cambodia back on its watchlist on February 22 because of concern it is...
Indonesia Beefs Up To Become Southeast Asia’s Digital Hub

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Indonesia has set itself the goal to become nothing less than a regional digital hub in Southeast Asia as early as next year. To...
Singapore To Hike Gst, Tightens Duty Free Allowances

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Amid slowing global growth, ongoing geopolitical uncertainty and technological disruptions to industries and jobs, Singapore issued a budget for 2019 that will see new...
Thai Economy Grows Better Than Expected, But Election Looms

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Thailand's economy grew fastest in six years in 2018, with fourth-quarter beating expectations on higher domestic demand and record tourism arrivals. GDP rose 3.7...
Malaysia Gets First Robot Hotel

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Becoming increasingly popular in countries such as Japan, Singapore, China and Taiwan, the trend now comes to Southeast Asia: The first robot hotel will...
Laos A Draw For Investors, But Obstacles Remain

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With growth rates of around seven per cent in recent years, Laos is one of the best performing in ASEAN. The country’s GDP rose...
North Korea Could Follow Vietnam’s “doi Moi” Example

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As Vietnam’s capital Hanoi prepares to host the second US-North Korea summit later this month, experts say North Korea may be gearing up to...
Bangkok Now Second Most Expensive City To Live In Southeast Asia

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Thailand’s capital Bangkok has now become the second most expensive city to live in within ASEAN, only beaten by Singapore, according to a new...
Chinese Keen On Thai Property

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Chinese buyers and investors continue pouring their money into Thailand's property sector even as the country moves towards an uncertain national election in March. According...
The Race Of Our Lives: Thoughts On A Manila Grand Prix

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A Manila Grand Prix would be a dream. But first, better sewage, right? The most tantalising news in the past couple of weeks has got...
Philippines Could Lose $1.5 Billion In Remittances From Cash-strapped Gulf States

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Around 80,000 to 100,000 jobs for Oversea Filipino Workers, or OFWs, among them 30,000 household service workers, could be lost due to the precarious...