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EDB launches $10 million programme to help Singapore firms venture into new growth areas

SINGAPORE – A $10 million pilot programme to support large and established Singapore-based companies to venture into new growth areas beyond their existing core businesses was launched on Thursday (May 6). The Corporate Venture Launchpad programme will enable such companies to keep ahead of competition and disruption with innovative products, services and business models, said […]

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Value sharing and opportunities for Vietnamese suppliers in global value chain

Multinationals corporations and foreign-invested enterprises increasingly focus on sustainability in their cooperation with local suppliers,  aiming at providing long-term support for small- and medium-sized enterprises to become part of global supply chains. Vietnam is recognised as the world’s leading producer of motorbikes with 3.2-3.5 million units per year. About 80 per cent of components and […]

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Thailand: Modern trade index down in Q1

The modern trade sentiment was far from showing any signs of recovery in the first quarter after it plunged to the lowest rate in three quarters as a result of weakened purchasing power amid the Covid-19 crisis. Surong Bulkul, vice-chairman of the Thai Chamber of Commerce said the third wave of the pandemic is expected […]

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Indonesian economy struggles to bounce back

JAKARTA: Indonesia’s economy contracted more than expected in the first quarter (Q1), as one of the fastest vaccine rollouts in South-East Asia hasn’t been enough to revive domestic demand. Gross domestic product (GDP) declined 0.74% in Q1 from a year ago, the statistics bureau said yesterday, worse than the median estimate of -0.65% in a […]

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