STRUGGLING food delivery startup honestbee is halting its food delivery business in Singapore and suspending its laundry service with effect from May 20, affecting some 400 freelance delivery persons. The headcount of honestbee employees in Singapore will not be affected. In a media statement on Wednesday, honestbee said that the decision was “to optimise the […]
Read MorePresident Joko “Jokowi” Widodo has signed Government Regulation No. 34/2019 on trading in border areas to regulate trade between Indonesians and foreigners who live along shared borders. “Trade in border areas […] is allowed in land and sea border areas,” Article 2 of the regulation states. The regulation stipulates that only Indonesians who live in […]
Read MoreKUALA LUMPUR: Banks in Malaysia will benefit from the recent cut in the overnight policy rate (OPR) if the move results in a higher loan growth, according to AmBank Group chief executive officer Datuk Sulaiman Mohd Tahir (pic). However, he told StarBiz that the banks’ bottom line could potentially take a hit, in the event […]
Read MorePlastic makers in Mandalay are facing tough competition from imported products, local businesses told the Myanmar Times. Foreign plastic products are much cheaper than locally made products because local producers are unable to scale production and instead face rising costs from having to import raw material and logistics. “For production cost, we are trying to […]
Read MoreMANILA, Philippines — The anticipated recovery of the local automotive industry this year remains elusive as sales growth went flat in April, bringing the four-month total still behind last year’s figures. In a joint report released by the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and Truck Manufacturers Association Inc. (TMA) yesterday, the […]
Read MoreWhile the Chinese government describes its One Belt One Road, also known as Belt and Road Initiative, as an attempt to improve regional connectivity for a brighter future, some observers see it as a drive for the Red Giant’s dominance with a China-centred trading network in global affairs. Cambodia, meanwhile, has expressed strong support for […]
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