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Businesses must accept more competition in exchange for more access to Asean markets: PM Lee

EVEN as Asean governments pursue economic cooperation, businesses must do their part to encourage such moves by accepting more competition at home in return for access to markets in other countries, said Prime Minister Lee Hsien Loong on Monday. Speaking at the opening ceremony of the two-day Asean Business and Investment Summit, he extolled the benefits of economic […]

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Lazada sees sales doubling with 11/11 shopping festival

MANILA, Philippines — Southeast Asia’s biggest e-commerce portal expects to double the sales generated in the Philippines from its biggest one-day sale event 11/11 compared to last year.  “We expect to do twice of 11/11 last year this year and 15 times a normal day,” Juan Pavez Spencer, Lazada Philippines chief executive officer for logistics or operations told […]

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Thai company to buy sorghum from Philippines

MANILA, Philippines — A Thai agro-industrial conglomerate has committed to buy sweet sorghum, a grain crop used as raw material for feeds, from the country as the Department of Agriculture (DA) starts the propagation of the commodity amid tight supply of corn for the growing livestock industry. Agriculture Secretary Emmanuel Piñol said Thai-based Charoen Pokphand […]

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Singapore-based fintech expands to Malaysia

THE entry of Singapore-based private investment platform Fundnel into Malaysia will provide small businesses with more options to raise capital for growth. Fundnel was recently appointed by the Securities Commission (SC) Malaysia as the seventh Equity Crowdfunding (ECF) platform. Fundnel will provide a comprehensive suite of capital raising services targeted at local unlisted growth companies […]

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