[JAKARTA] Bukalapak, Indonesia’s No. 4 e-commerce firm, is keen to raise as much as US$800 million in an initial public offering (IPO) in August, two people with knowledge of the matter said, in what is likely to be the biggest by a startup in the Southeast Asian nation. Tapping a sharp pickup in investor interest […]
Read MoreForeign capital continued flowing to industrial real estate via mergers and acquisitions (M&A) in five months of this year, particularly in Hanoi and Ho Chi Minh City. Singapore’s Boustead Projects, whose affiliate BP-Vietnam Development recently signed an option agreement with Khai Toan Group (KTG) to buy a 49 percent stake in KTG & Boustead JSC, […]
Read MoreCambodia’s real estate market is suffering from the effects of the Coronavirus pandemic as pre-Covid marketing was heavily geared towards foreign investors, a new survey has found. Realestate.com.kh says the market has shifted away from overseas buyers and upper-middle class Cambodians towards a broader market with a different set of priorities and lower budgets. Realestate.com.kh […]
Read MoreThe recent acceleration of vaccinations in parts of Asia could reduce the risk of setbacks to economic recovery and public finances associated with further waves of the Covid-19 pandemic, provided that the pace is sustained, says Fitch Ratings. The Covid-containment response of the Asia-Pacific region was a relative global outperformer in 2020, but in 2021 […]
Read MoreHANOI: Vietnam has imposed an anti-dumping levy of 47.64% on some sugar products from Thailand for five years to replace a temporary tax introduced in February, the country’s industry and trade ministry said on Wednesday. The decision comes after the ministry finished an anti-dumping investigation that started last September on behalf of the domestic industry. […]
Read MoreMANILA, Philippines — The Department of Trade and Industry (DTI) is advising the public to be cautious of chain distribution plans or pyramid sales schemes circulating online as complaints involving such received by the agency have more than doubled as of end-April. In a statement yesterday, the DTI said a total of 28 complaints on […]
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