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Corporate governance progress flatlines for Singapore companies

SINGAPOREThe country report for Singapore, part of the Asean Corporate Governance Scorecard 2018, indicated that the development of CG practices here has essentially flatlined, and that the gap in standards between the large-capitalisation (large-cap) companies and the rest of the field is continuing to widen. The scorecard, unveiled on Tuesday, is a joint initiative of […]

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Cambodia: Banks link-up to ease money transfers

PPCBank and Wing Limited Specialised Bank have teamed up to provide new choices for money transfers, within Cambodia and from South Korea to Cambodia. PPCBank says the partnership increases customers’ options for transferring money to their families in rural areas because money can be transferred from their PPCBank account to any Wing account or location. […]

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Moody’s optimistic over Vietnam’s economy

The Hanoitimes – Moody`s Investors Service on its latest assessment in April 3 stated that the Government of Vietnam`s (B1 positive) credit profile reflects the economy`s robust growth trends. These trends are spurred in turn by the country’s increasing competitiveness and a rapid economic transition away from traditional sectors such as agriculture into manufacturing, and further […]

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Malaysia Airlines now allows bookings via its Facebook

KUALA LUMPUR: Malaysia Airlines Bhd now allows travellers to make bookings on its Facebook page following its journey to digitization. The national carrier said on Tuesday it is the first airline in Asia to allow users to book flights and process payments through Facebook Messenger – which is one of the three new digital initiatives. […]

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Indonesia Targets Third Position in Global Footwear Industry

TEMPO.CO, Jakarta – Indonesia is targeting the third position in the global footwear industry by improving its current position as the fourth country after China, India, and Vietnam. “This year, we are targeting to enter the big three, supported by government interventions and ease of doing business,” Industry Ministry`s Small and Medium Industries for Fashion and Crafts director, […]

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Philippines: Grab-Uber deal seen restricting competition

Antitrust authorities have initiated a review of Grab’s purchase of Uber’s Southeast Asian operations, noting that the deal “may likely lessen, prevent or restrict competition substantially.” In a decision issued on Tuesday, the Philippine Competition Commission (PCC) directed its Mergers and Acquisitions Office (MAO) to launch a motu propio investigation as both Uber and Grab […]

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