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Laos: Corruption causing major loss to the nation

The state lost more than 480 billion kip through corruption over the past five years, and this directly affected national development and poverty reduction efforts in Laos, the State Inspection Authority (SIA) has said.   The SIA uncovered the misappropriation in different sectors due to officials taking bribes and abusing power for their personal gain as […]

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New companies law aimed at improving Myanmar’s economy

THOUGH recent surveys have stressed a drastic decline of investor confidence in Myanmar, the government still believes it is on the right track given the recent enactment of long-awaited new companies law. Aung Naing Oo, director general at the Directorate of Investment and Company Administration (DICA) and secretary of Myanmar Investment Commission, said the law […]

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Amazon plans to enter Vietnam market following Alibaba’s footsteps

The Hanoitimes – Vietnam’s e-commerce market is heating up as e-commerce giant Amazon has shown interest in the market following Alibaba’s footsteps. According to Nguyen Thanh Hung, chairman of the Vietnam E-commerce Association (VECOM), during a meeting between VECOM and representatives of the Amazon Group held recently, the firm’s spokesperson revealed that they had set their […]

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BoI buzzes in pursuit of Thailand 4.0

The government’s Thailand 4.0 scheme — meant to usher in the country into more value-added, innovative and creative sectors — has made the Board of Investment (BoI) one of the busiest state agencies as it reworks its processes and structures to promote technological changes. One of the novelties is the establishment of the five new […]

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