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Vietnam: Investors urged to take chance on underground potential

Soft ground levels, complex underground pipework, frequent flooding, and lack of incentives are all hindering investors from jumping into underground real estate development and construction in HCM City, despite promising prospects in some areas. Ho Chi Minh City Department of Planning and Architecture is finalising an underground space development plan, focusing on the central area of […]

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Thailand: Capital market key to post-Covid economy

The efficiency of Thailand’s capital market needs to be promoted in order to support the country’s post-pandemic economy, according to Finance Minister Arkhom Termpittayapaisith. He added that the role of the Thailand’s well-balanced capital market has not only been key to supporting Thailand’s economic development and competitiveness, but has also helped the country’s economy better […]

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Digital Trade to Lead Indonesia’s Covid-19 Recovery

Singapore. Prioritizing digital trade is crucial to Indonesia’s economic recovery and growth especially during the Covid-19 pandemic, according to experts from a recent webinar. According to the E-Conomy SEA 2020 report compiled by Google, Temasek and Bain & Company, Indonesia’s digital economy value will reach $124 billion by 2030, the highest in the regional economic bloc […]

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Singapore factory output growth slows to 16.3% in July, with dip in chip production

SINGAPORE – Singapore’s factory output continued to expand in July, though at a slower rate, thanks to the strong performance by the volatile pharmaceuticals sector, data out on Thursday (Aug 26) showed.  Manufacturing output rose 16.3 per cent year on year, marking the ninth straight month of growth. However, growth eased from the revised 28 per cent expansion seen in […]

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Vietnam: Foreign ocean carriers call shots on freight costs

The domination of foreign ocean carriers and intermediate parties has been causing chaos in seaborne-freight costs, driving exporters and manufacturers into deadlock. Ho Duc Lam, chairman of the Vietnam Plastics Association, expressed his concern for the over 3,000 plastics manufacturers as they have been suffering under the pandemic and in exporting cargo overseas due to […]

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