KUALA LUMPUR: The world’s largest condom maker Karex Bhd is venturing into the business of making medical gloves. The company, in a filing with Bursa Malaysia today, said its wholly owned Innolatex (Thailand) Limited (ITL) is planning to set up a new manufacturing facility at its existing plant in Hatyai with the capacity to produce 2.5 billion […]
Read MoreDevelopment of coastal industrial zones appears to be the right move to take advantage of incoming FDI. BW Industrial, a joint venture between Warburg Pincus and Becamex IDC, has followed famous realtors’ moves to set up an IZ on Dinh Vu Peninsula in Hai Phong City. The project is hoped to open this September. Prior […]
Read MoreTHE Singdollar is likely to continue strengthening till next year amid a broad weakness of the greenback, in particular against the Chinese currency. On Monday morning the SGD stood at S$1.3715 to the USD, weakening slightly from the S$1.3651 on Friday. Some FX experts expect it to reach S$1.35 by early next year. The low […]
Read MoreThe number of transactions via e-wallets in Vietnam in the first quarter of 2020 increased highly with a total of 225 million transactions. The State Bank of Vietnam (SBV) has licensed 37 payment intermediaries, including 34 e-wallets, said Mr. Le Anh Dung, Deputy Director of the SBV’s Payment Department. By the end of the first […]
Read MoreRevenue from casino businesses has increased significantly over the last one to two years. However, the casinos that are open to Vietnamese still have reported losses. The Ministry of Finance (MOF) has released a report on amending some provisions of Decree 03/2017 on the casino business. Before the decree took effect, the country had eight […]
Read MoreHONG KONG: Hong Kong has restarted discussions with Japan, Thailand and a handful of other countries over setting up travel bubbles, commerce chief Edward Yau said on Monday, given a mutually recognised coronavirus testing mechanism is established. Addressing a webinar held by the Hong Kong Productivity Council on small business promotion amid the coronavirus pandemic, […]
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