Implementation of the long-awaited Companies Law will be postponed until August 2018, Reuters reported Monday, citing top officials from Myanmar’s Directorate of Investment and Company Administration (DICA). Myanmar will delay implementing a new law that would have allowed foreign companies to take up to a 35 percent stake in local companies, bringing about badly needed reforms for […]
Read MoreMANILA, Philippines — The Philippines continued to book higher foreign direct investments (FDIs) for the fifth straight month, surging 61.8 percent in September on the back of the country’s strong macroeconomic fundamentals and high growth prospects. Buoyed by investor confidence in the Philippine economy, the Bangko Sentral ng Pilipinas (BSP) reported that net FDI inflows […]
Read MoreA unit of Thai Beverage Pcl is the only investor to register to buy at least a 25 per cent stake in Vietnam’s largest beer company, according to the Vietnam trade ministry’s website, in a sale that would be valued at more than US$2 billion. ThaiBev was one of about a half-dozen foreign companies, including Anheuser-Busch […]
Read MoreSINGAPORE will host the upcoming annual Asean-EU Business Summit on March 2, 2018, and it will coincide with the Asean Economic Ministers’ meeting with the European Union (EU) trade commissioner, said the EU-Asean Business Council (EU-ABC), the European Chamber of Commerce in Singapore (EuroCham), and the Singapore Business Federation (SBF) in a joint release on […]
Read MoreRETAIL sales continued to decline in October, and just barely notched minute gains when motor vehicles were excluded. Total takings shrank 0.1 per cent in October compared to a year ago, according to latest data by the Singapore Department of Statistics. The slowdown was however more moderate compared to the 0.6 per cent decline registered […]
Read MoreMore than 115 new factories were registered during the first nine months of the year, an increase of 7.5 percent compared to the same period last year, creating over 50,000 jobs, according to data from the Ministry of Industry and Handicraft. The garment sector saw the greatest increase in capacity, with 63 new factories being […]
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