Even as more than half of South-east Asia’s Internet economy is made up by seven metro areas, there are clear signs that Internet economy players are investing to develop their businesses beyond these areas in search of further growth. Tokopedia for instance, in August announced its intention to “go rural” by signing a memorandum of understanding to […]
Read MoreSingapore Poultry Hub is setting up the first smart and green factory for the industry in Singapore with a S$40 million loan from United Overseas Bank (UOB). The new factory will help Singapore Poultry Hub to improve productivity by 26 per cent and increase capacity by 70 per cent, both firms said in a media statement on […]
Read MoreCHINESE investment is flowing into Asean once more, as projects under the Belt & Road Initiative (BRI) see a recovery and ongoing trade tensions with the United States are prompting Chinese companies to invest in parts of South-east Asia, Maybank Kim Eng noted in a report. China’s investments and construction contracts In Asean rebounded to […]
Read MoreThe Consumer Price Index (CPI) in August 2019 decreased by 0.8 per cent year-on-year compared to August 2018. Prices of Food and Non-Alcoholic Beverages decreased by 1.2 per cent, while Non-Food prices also decreased by 0.8 per cent. According to a press release from the Department of Economic Planning and Development (JPKE), Ministry of Finance […]
Read MoreTourists from Australia, Germany, Italy, Spain, Switzerland and Russia have been given visa-on-arrival access for US$50 each at Yangon, Mandalay and Nay Pyi Taw international airports. Starting from October 1, passport holders from the six countries will no longer require pre-arranged approval, the authorities said. “We hope the new regulations to ease access to Myanmar […]
Read MoreMore cuts in the Bank of Thailand’s benchmark rate will be a more powerful option for stimulating the economy than the government’s 1,000-baht cash handout scheme, said an expert. The cash handout scheme will only help boost the economy in the short term, but won’t contribute much to annual gross domestic product (GDP), said Assoc […]
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