Industries

Industries

Growth reports, trends and breakthroughs

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...
Malaysia wants $7.5 billion back from Goldman Sachs in 1MDB case

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Malaysia is seeking $7.5 billion in reparations from US investment firm Goldman Sachs over its dealings with scandal-ridden linked state fund 1Malaysia Development Berhad,...
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...
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...
Vietnam’s Vingroup to launch its own smartphone brand

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Vingroup, Vietnam’ biggest listed firm by market value and a conglomerate with businesses that range from real estate to retail to tourism to automotive,...
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...
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...
Philippine fintech receives $215 million in country’s largest-ever startup funding

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One of the year’s largest fintech investments in Southeast Asia and the largest-ever in the Philippines has closed after Metro Manila-based Voyager Innovations announced...
Chinese firm to create 50,000 jobs in Mindanao

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Panhua Group, a Chinese steel company, will set up a steel factory  for $3.5 billion in investment at the PHIVIDEC Industrial Estate of the...
Service robots to assist shoppers in Metro Manila mega mall

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In a country-wide's first, SM Megamall in Mandaluyong, the Philippines’ second-biggest shopping center behind SM City North EDSA, will deploy robots starting from next...
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...
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...
Singapore invests in “smart urban estates”

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Singapore is driving the development of smart districts and smart urban estates which will be enabled to operate and consume energy more efficiently. To...
Indonesia presents new economic stimulus package

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Indonesia on November 16 announced a new economic stimulus package to support the rupiah and spur growth in the lead-up to the upcoming presidential...
More charges against Malaysia’s former first lady

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Malaysia will file additional charges against Rosmah Mansor, the wife of former Prime Minister Najib Razak, the anti-graft agency said on November 14, as...
China plans free trade zone in the Golden Triangle

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China is looking to establish a free trade zone at the section of the Mekong where the river forms the border between Myanmar and...