Industries

Industries

Growth reports, trends and breakthroughs

“Malaysia’s Imelda” likely to be charged for money laundering

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Rosmah Mansor, wife of Malaysia’s former prime minister Najib Razak who is embroiled in the multi-billion fraud scandal surrounding state fund 1Malaysia Development Berhad...
Malaysia halts property developments exclusively for foreigners

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The Malaysian government will no longer allow property developments and new townships solely aimed at foreign buyers in a bid to reduce “mindless foreign...
Najib could spend rest of his life in jail if found guilty – Rosmah next to face charges

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Malaysia’s former prime minister Najib Razak pleaded not guilty on September 20 to no less than 21 counts of money laundering and four counts...
Malaysia’s ex-PM detained over mysterious $628-million transfer

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Former Malaysian prime minister Najib Razak was arrested on September 19 over allegations that $628 million linked to state investment fund 1Malaysia Development Berhad...
Singapore residential property sales drop 64% in August

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Residential property sales in Singapore shrank by 64 per cent in August to the lowest point in six months as government cooling measures took...
Agreement signed to build China-Myanmar Economic Corridor

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Myanmar and China signed a memorandum of understanding to set up the China-Myanmar Economic Corridor (CMEC) as part of Beijing’s Belt and Road Initiative,...
Malaysia expects to write off up to 70% of 1MDB losses

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Malaysia’s finance minister Lim Guan Eng said that authorities have reason to believe that up to 70 per cent of the misappropriated money from...
Philippine president seeks advice as country faces mounting economic troubles

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Philippine President Rodrigo Duterte, who previously had confessed his inadequacy on economic issues, is seeking help from people more fit in the subject. The...
Thailand seeks to lure more electric vehicle makers

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Thailand’s Board of Investment (BOI) has announced new packages and privileges for electric vehicle companies to establish operations in the Eastern Economic Corridor, a...
Malaysia axes Chinese-backed pipeline projects worth $3-billion

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The Malaysian government has finally decided to cancel three China-backed pipeline projects after halting work on them, The Financial Times wrote. The report said...
Vietnam orders military hardware from Russia for $1 billion

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Vietnam has placed orders for Russian weapons and military services worth more than $1 billion, Russia’s state news agency TASS reported, according to Reuters.  “We...
Chinese to build $1.2-billion “vacation town” in Cambodia from scratch

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Chinese developer Tianjin Union Development Group has unveiled plans for yet another project called “Tourism Vacation Town” in Cambodia that will cost $1.2 billion...
Chinese poured $32.9 billion into Asia property last year, Thailand top destination

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Mainland Chinese property buyers acquired real estate across Asia for $32.9 billion in 2017, up 352.4 per cent from $7.28 billion in 2016, a...
Malaysia raises minimum wage to 1,050 ringgit per month

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The Malaysian government will raise and standardise the minimum wage for the private sector across the country as of January 1, 2019, fulfilling one...
Indonesia stops energy projects worth $25 billion as rupiah hits 20-year low

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Indonesia plans to delay $25 billion worth of power projects as it seeks to rein in a widening current-account deficit and a selloff in...
Sinking Bangkok among cities to be hardest hit by climate change

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As Bangkok prepares to host climate change talks, the Global Warming and Climate Change Conference from October 4-5, experts once again remind that unchecked...
Foreigners banned from buying property in large Chinese project in Malaysia’s Johor

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Foreigners will not be allowed to buy residential units anymore in a huge development in Johor state in southern Peninsular Malaysia backed by Chinese...
Vietnam demands Monsanto pay its dues for Agent Orange

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Vietnam has demanded US chemical giant Monsanto pay compensation to the victims of Agent Orange, which the company supplied to the US military during...