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Malaysia’s new tallest building to supersede Twin Towers next year

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The days of Kuala Lumpur’s iconic landmark, the Petronas Twin Towers, as Malaysia’s tallest building are numbered. In the second half of next year,...
Vietnam foreign trade volume jumps to a record $410 billion

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Vietnam this year expects a record foreign trade volume of around $410 billion, the country’s General Department of Vietnam Customs said on December 20....
Grab launches service in Cambodia, challenging Uber

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Singapore-headquartered ride-hailing firm Grab on December 19 launched its services in Cambodia, making it the eighth country in Southeast Asia the company is now...
ThaiBev “wins” bid for Saigon Beer maker

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Thai Beverage, through its Vietnamese affiliate Vietnam Beverage, on December 18 won the right to buy around 54 per cent stake in Vietnam's guel,...
Internet economy in Southeast Asia to grow to $50 billion this year

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The online economy is expected to grow substantially in Southeast Asia, a region which is already the world’s third largest in terms of the...
US firms in Malaysia not amused about boycott action

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Calls by some Malaysian politicians and Muslim activists to boycott Israel- and US-related products after US President Donald Trump’s recognition of Jerusalem as the...
Luxury brand Bulgari under fire for using “genocide gems” from Myanmar

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Italian high-end jewelry maker Bulgari is feeling the heat from human rights activists for continuing to buy and use gems from Myanmar. By doing...
Thailand: Evermore tourists come a-flocking

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Thailand welcomed over 28.8 million international visitors from January to October 2017, the country’s Department of Tourism (DoT) announced. The number accounts for an...
ThaiBev to swallow Sabeco, Carlsberg to stock up on Habeco

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Thailand’s largest drinks company Thai Beverage, owned by the nation’s richest man, Charoen Sirivadhanabhakdi, has expressed interest in buying about 51 per cent of...
Investment climate in Myanmar worsens over uncertainty, delayed reforms

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Myanmar, just until recently dubbed the new frontier for investments into nearly everything – infrastructure, consumer products, telecom, housing and tourism – has turned...
China Telecom readies to become Philippines’ third telecom player

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China Telecom, one of the largest telecom operators in China, has been proposed by the government in Beijing to enter the Philippine market as...
Indonesia’s retail stores feel the void as online shopping takes off

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After years of impressive growth in wages and consumer spending, sales at retail outlets and malls in Indonesia are at the crossroads, while, at...
Malaysia prepares for cashless society

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Malaysia’s central bank has taken further steps to enhance its e-payment platform, paving the way towards a cashless society, reports say.  Bank Negara Malaysia...
Singapore taxi firm buys majority of local Uber unit

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Singapore’s largest taxi company ComfortDelGro Corp. said it bought 51 per cent of Uber Technologies’ Singapore car rental unit for $218 million and will...
Sihanoukville transforms into “casino city” with Chinese help

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Cambodia’s southern beach town of Sihanoukville is slowly transforming into a new regional gambling hub that could even resemble Macao, observers say. Chinese investors...
Bangkok street food vendor gets Michelin star

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A street food vendor in Bangkok's old town received a Michelin star in the inaugural edition of the Michelin guide for the Thai capital,...
Apple to license 100 official stores in Vietnam to tackle grey market

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Apple Inc. intends to expand its store network in Vietnam by tightening its cooperation with the retail unit of FPT Corp, the country’s largest...
Singapore a haven for video piracy, industry group claims

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A group of large US entertainment companies, including Walt Disney, Sony Entertainment, Viacom. 20th Century Fox and HBO, as well as sports bodies such...