Indonesia has jumped to top spot as the most attractive overseas destination for Singapore companies looking to spread their wings. For many companies here, it is a no brainer, given the vast size of the market of 250 million people sitting right at Singapore’s doorstep. Mr Kenny Tan, chief executive of logistics firm Keyfields, said […]
Read MoreHANOI: Vietnam’s logistics sector is expected to make up between 8% and 10% of the country’s gross domestic product (GDP) by 2025, Vietnam News Agency (VNA) reported. The target was set in an action plan on enhancing competitiveness and developing logistics services by 2025 recently approved by Prime Minister Nguyen Xuan Phuc. Under the plan, […]
Read MoreThailand will remain a preferred destination for foreign direct investment (FDI) if the government manages to invest in large-scale infrastructure projects as planned, according to Deloitte Thailand. With the strong economic fundamentals and financial institutions, foreign investors, Japanese in particular, are expected to pour money into Thailand through FDI as the Southeast Asia country is […]
Read MoreThe Central Bank of Myanmar has required local banks to upgrade the card payment technology, as a step toward integrating the payment system with the ASEAN region. Embedded in the surface of an EMV card is a microprocessor for storing data and instructions required for any purchase. Photo – Shutterstock Daw Than Than Swe, the […]
Read MoreMANILA, Philippines – Remittances from overseas Filipino workers went up by five percent to a new record high of $26.9 billion last year from $25.61 billion in 2015, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. “Cash remittances in 2016 continued to increase on the back of improving global economic conditions,” BSP Deputy Governor Diwa […]
Read MoreSingapore is proposing to ease regulations for venture capital managers including shortening their application process in a bid to promote financing for startup development. Under a consultation paper published by the Monetary Authority of Singapore (MAS) on Wednesday, new and existing venture capital managers won’t be subject to the same capital requirements and business conduct […]
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