Business News

Business News

News about trade, finance, investment trends and issues.

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...
Laos Lays Out Economic Growth Path

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The Laos government has unveiled a new national development vision, which it plans to facilitate from 2021 to 2025. The plan entails the transformation of...
New Philippine Space Agency Seen To Capture $1.5-billion Market

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The planned Philippine Space Agency, or PhilSA, which has been announced last month by the country’s science and technology secretary, is expected to capture...
Trump-kim Meeting To Be Held In Vietnam On Feb 27-28

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US President Donald Trump and North Korean leader Kim Jong-un will hold a much-anticipated second summit on February 27 and 28 in Vietnam, with...
Myanmar Opens Up For Foreign Insurance Compnaies

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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

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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...
Yangon To Get Skytrain

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China has proposed to fund a $1.5-billion elevated railway project in Myanmar’s commercial capital, Yangon. China Railway Eryuan Engineering Group Co., Ltd (CREEC) made...
Filipinos Spend More Than 10 Hours Online Per – World Record

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The Philippines are topping the global country ranking of Internet usage per day with an average ten hours and 2 minutes of screen time....
Thailand’s Central Group To Invest $200 Million In Ride-hailing Service Grab

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Bangkok-based family conglomerate Central Group, which is active in retail, real estate, hospitality and restaurants and operates Thailand’s biggest shopping mall, plans to invest...
Corruption Is Getting Worse In Asia, Report Shows

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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

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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

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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

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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

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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

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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

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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...