Industries

Industries

Growth reports, trends and breakthroughs

Fortune magazine sold to member of richest Thai family

602
US publishing house Meredith Corporation announced on November 9 it sold one of its business flagship titles, Fortune magazine, to a Thai tycoon for...
Myanmar presents plan to attract over $200 billion in foreign investment

738
The Myanmar Investment Commission (MIC) came up with an ambitious business plan that includes a major investment promotion strategy aiming to attract more than...
US sanctions two Singapore firms for North Korea dealings

776
The US Treasury Department said in a statement on October 25 it has put two Singapore companies, commodities trading house Wee Tiong Singapore Pte....
Malaysia’s ex-PM, former treasury official charged with misuse of $1.6 billion

1152
Malaysia charged ex-premier Najib Razak and one of his former top treasury officials with six counts of criminal breach of trust, accusing them of...
Expat life in the Philippines a double-edged sword, says survey

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The Philippines is more popular for expats within Southeast Asia for those seeking a partner and finding a place to raise their children, but...
European Union revokes preferential trade status for Cambodia

1144
The European Union on the 12th annual EU-Association of Southeast Asian Nations Summit that took place in Brussels on October 18-19 temporarily revoked its...
EU, Singapore ink free trade and investment pact

663
Just shortly after a similar deal with Vietnam was settled, the European Union (EU) and Singapore signed free-trade and investment protection agreements in Brussels...
Philippines signs deal with Israeli oil exploration firm

766
Philippine President Rodrigo Duterte on October 18 signed a seven-year oil exploration deal with an Israeli firm in a bid to develop the country’s...
Singapore cracks down on “shoe box”-sized apartments

791
Singapore’s Urban Redevelopment Authority (URA) on October 18 announced an upcoming regulatory change for the city state’s property developers, mandating that the average size...
EU-Vietnam trade agreement to eliminate 99% of all tariffs

832
The European Commission on October 17 adopted the long-planned trade and investment agreements between the European Union (EU) and Vietnam, paving the way for...
Thailand’s weak education system a big drawback for development

848
Thailand’s outdated and somewhat defunct education system is holding back a new generation from becoming productive and innovative, it turned out in the new...
End of EU trade preferences could bring Cambodia’s economy to its knees

766
The European Union (EU) announced on October 5 that Cambodia would lose its special access to European markets under the so-called Everything But Arms...
Vietnam to remove foreign ownership cap for listed companies

858
Vietnam's government is considering lifting the foreign stake holding limit for listed companies from the current 49 to 100 per cent in a bid...
Vietnam’s new car maker debuts with two models at Paris Motor Show

719
VinFast, Vietnam’s new home-grown car manufacturer and a subsidiary of Vietnamese industry conglomerate VinGroup, unveiled its first two passenger vehicles, a saloon and an...
New minimum wage for Cambodian textile workers: $182

718
Cambodia raised the monthly minimum wage for garment workers by $12 on October 5 to $182, fulfilling an election promise by premier Hun Sen. A...
Malaysia’s new car brand to make first appearance in 2020

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Malaysia’s new national car project is expected to roll out its first model before or by 2020, media was told at a press briefing...
Thailand’s central bank seeks to prevent property bubble

634
The Bank of Thailand imposed an 80-per cent loan-to-value limit on mortgages for homes worth more than ten million baht and for all second...
Malaysia Ex-PM’s wife Rosmah arrested, to be charged with money laundering

907
Rosmah Mansor, wife of Malaysia’s former prime minister Najib Razak, has been detained on October 3 by the Malaysian Anti-Corruption Commission (MACC). According to...