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2nd Thai-Myanmar Friendship Bridge ready for Tuesday opening

TAK: Preparations have been underway for the opening of the second Thai-Myanmar Friendship Bridge linking Thailand’s Mae Sot district and Myanmar’s border city of Myawaddy on Tuesday.  Therdkiat Chinsoranand, the mayor of Nakhon Mae Sot Municipality, on Sunday inspected the preparations. The construction of the bridge, spanning the Moei River between Ban Wang Takhian in tambon […]

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Women power helps boost Vietnam’s economy

MORE and more women are running businesses across the country. There are around 145,000 SMEs currently run by women in Vietnam. Such businesses play a crucial role for growth, contributing 30% of gross domestic product (GDP) and more than half of job creation. And a quarter of all SMEs nationally are run by women. But […]

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Food prices fall across South-East Asia

JAKARTA: Low inflation sweeping across South-East Asia is here to stay, raising the odds some of the region’s biggest economies may reverse course on interest rates this year. Food prices have been falling across the region, driving down inflation and pushing up real interest rates. Malaysia is already in deflation, while others like Thailand are seeing almost […]

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Philippines external debt up 8% to $79 B in 2018

MANILA, Philippines — The country’s external debt climbed by eight percent last year due to higher borrowings  by the private sector particularly banks, the Bangko Sentral ng Pilipinas (BSP) reported over the weekend. Newly installed BSP Governor Benjamin Diokno said the country’s external debt reached $79 billion or 23.9 percent of gross domestic product (GDP) in 2018 from $73.1 […]

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Family businesses in Malaysia lack succession planning

KUALA LUMPUR: There appears to be a lack of proper succession planning among family owned businesses in Malaysia generally, said PwC Malaysia’s entrepreneurial and private business leader Fung Mei Lin. Citing results from the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) Family Business Survey Report 2018 conducted among almost 100 family businesses, Fung […]

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Indonesia: Govt urges ‘exploitation’ of start-ups to drive regional tourism, economies

The government is pushing regional administrations to exploit the country’s numerous digital start-ups to boost local tourism and empower local economies to drive economic growth. The digital economy was key to the global tourism industry, as well as Indonesia’s tourism industry, as it helped the sector to grow more rapidly than ever, Investment Coordinating Board (BKPM) head Thomas Lembong […]

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