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Minimum wages surge across Southeast Asia

TOKYO/YANGON/HANOI — Minimum wages in Southeast Asia are rising sharply as governments strive to please their publics, but the trend could slow foreign investment as the region loses its¬ edge as a low-cost production hub. In Cambodia, where the textile industry accounts for 60% of exports, Japanese wig maker¬ Artnature¬ sold a factory last year to a Hong […]

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Startups Blooming In Cambodia

Cambodia had seen at least 12 tech startup funding announcements by the second quarter of the year, which was a 140 per cent increase from at least five in the previous year, according to a new report on the country‚Äôs tech ecosystem by Mekong Strategic Partners and Raintree Development, industry news platform¬ E27reported. Launched during the […]

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Cebu Pacific partners with Brunei travel agency

CEBU Pacific has appointed Grace Travel Agency as one of its Passenger Service Agents (PSAs) in Brunei Darussalam. Grace Travel Agency will be able to make reservations and issue Cebu Pacific tickets for customers starting next month. Travellers thinking of going to the Philippines and beyond can easily access to 37 domestic destinations and 27 […]

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Indonesia’s Plastic Products Meet UK Market Standard

TEMPO.CO,¬ Jakarta¬ –¬ PT Asia¬ Cakra¬ Ceria¬ Plastik¬ has¬ successfully¬ met the¬ United¬ Kingdom¬ (UK)¬ market¬ standard,¬ enabling¬ the¬ small-scale¬ company¬ to¬ export¬ plastic products worth billions of rupiah per annum to the European country. Minister Counselor of the Indonesian Embassy (KBRI) in London, Thomas Siregar told Antara correspondent here on Sunday that the Memorandum of Understanding (MoU) to that effect was signed in front of Director General of National¬ Export¬ Development, Indonesian Ministry of Trade, Arlinda, attended […]

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Myanmar: Four retail-wholesale JVs permitted to operate

Six months after allowing foreign investors to register and participate in the domestic retail and wholesale sector in May, the Ministry of Commerce (MOC) has so far permitted four joint ventures between foreign and local investors Under notification 25/2018 issued on May 9, the MOC allowed 100 percent foreign-owned businesses to operate in the retail […]

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AI businesses on the rise in Asean

Singapore is one of the Southeast Asian countries aiming to be a leader and business centre in artificial intelligence (AI) in line¬ with its industrial transformation policy. The so-called Industry 4.0 revolution has been taking place in Asia-Pacific nations, including Thailand,¬ providing significant opportunities for AI development.¬ “Industry 4.0 is upon us. Robotics, artificial intelligence and additive […]

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