Industries

Industries

Growth reports, trends and breakthroughs

Laos to get its first smart city

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The Laos government has plans to set up a smart and eco city in its northwestern Oudomxay province within the province’s Namor district and...
PetroVietnam Power Corp readies for multi-billion IPO this month

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PetroVietnam Power Corporation (PV Power), the country’s second largest power producer, will list on the Ho Chi Minh City stock exchange on January 14...
Jobless rate in Brunei jumped to 9.3%

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Brunei’s unemployment rate rose to 9.3 per cent in 2017 from 6.9 per cent in 2014, latest available data from the Department of Statistics...
Vietnam overtook Singapore in IPO volume this year

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Vietnam in 2018 topped Southeast Asia’s top grossing market for initial public offerings (IPOs) with total proceeds of $2.6 billion. Singapore, who lost its crown...
Laos to buy fighter jets, tanks from Russia

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Laos ordered an unknown number of fighter jets and up to 30 army tanks from Russia, with sources in Laos saying the purchase will...
Malaysia launches free health care scheme for low-income earners

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The Malaysian government has announced a free national health insurance scheme for the low-income population group at an initial cost of two billion ringgit...
Vietnam records highest economic growth in a decade

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Vietnam’s economy grew by 7.08 per cent in 2018, the fastest rate in the past eleven years and beating the target of 6.7 per...
Philippines to sign OFW pact with Russia

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The Philippine Department of Labor and Employment (DOLE) is set to sign a bilateral agreement with Russia on the deployment of overseas Filipino workers...
Thailand legalises medical use of marijuana, a first in Southeast Asia

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Thailand has become the first country in Southeast Asia to approve legal use of marijuana by amending the country’s drug law to allow the...
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...