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Thailand: Startup funding drought during pandemic

The coronavirus pandemic is taking a heavy toll on numerous startups as they struggle to gain customers and funding prospects dry up. Some investment pundits even project up to half of startups in pre-Series A funding are likely to disappear following the Covid-19 era. The pandemic is expected to shed at least 20% of venture […]

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Brunei passport among top three in SEA

Brunei passport holders have free access to 166 countries and territories and scored high in terms of taxation. But more needs to be done in personal freedom and global perception. The Sultanate ranked 47th globally among 199, said a report released by Nomad Capitalist on Tuesday. The Global offshore consulting firm ranked 199 economies in […]

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Philippines: Higher duties pushed for imported vehicles

MANILA, Philippines — Automotive parts makers have renewed their call to government to support local parts manufacturing by implementing safeguard measures on vehicle imports to reduce the entry of vehicles from overseas or completely built-up (CBU) units and prevent small and medium parts makers from closing shop amid the COVID-19 pandemic. “Our main appeal is […]

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Covid-19 hits over 5 million workers in Vietnam

The Hanoitimes – Nearly 86% of Vietnamese enterprises have been affected by the pandemic. In the first five months of 2020, over 5 million workers in Vietnam have lost their jobs or faced a reduction in working hours and income due to the Covid-19 pandemic, according to Le Van Thanh, vice minister of Labor, War Invalids […]

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Cambodia: Capital’s economic zone attracts high investment

Cambodia Securities Exchange-listed Phnom Penh Special Economic Zone Plc (PPSP) said its PPSEZ has the second largest number of projects among industrial parks across the country and attracts the highest capital investment at roughly $562 million, according to the firm’s Q1 report. PPSP, a multi-product industrial area developer and operator in the Kingdom, said PPSEZ […]

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Thailand: Headwinds dent foreign fund investment inflows

Geopolitical risks and the protracted domestic economic slowdown will continue to limit foreign fund inflows into Thailand’s stock market this month, says Asia Plus Securities (ASP). Foreign investors were the sole net sellers in May of local equities, worth 31.6 billion baht, with year-to-date foreign net outflows totalling 194 billion as of May 29. Equity […]

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