BioNTech, the vaccine maker that has partnered with Pfizer on its Covid-19 shot, will be designating Singapore as its regional headquarters for Southeast Asia, and will set up an mRNA manufacturing facility in the city-state. It plans to open its Singapore office and start the construction of the manufacturing facility this year, subject to planning […]
Read MoreMANILA (REUTERS) – The Philippine economy shrank more than expected in the first quarter, though sequential momentum showed a recovery was underway and suggested the central bank will keep rates at a record low at this week’s policy review to support the revival. Gross domestic product fell 4.2 per cent in the March quarter from a […]
Read MoreVietnam is the largest gold market in Southeast Asia, according to a recent study of the World Gold Council (WGC). The WGC also announced the country among the top 10 markets in the world, saying consumer demand for gold in Vietnam reached 39.8 tonnes in 2020, higher than the demand of 37.6 tonnes in Indonesia […]
Read MoreThe baht opened at 31.09 to the US dollar on Tuesday, unchanged from Mondays closing rate. The Thai currency is likely to move between 31.05 and 31.20 during the day, Krungthai Bank market strategist Poon Panichpibool said. He predicted that the baht would move to 31 to the dollar with resistance. Meanwhile, several companies are […]
Read MoreForeign investors from China, Thailand, and Singapore are increasingly acquiring renewable energy projects located at strategic positions from domestic enterprises. Chinese investors are increasing their ownership in numerous renewable energy projects in Central Vietnam, the Central Highlands region, and Southwest Vietnam. Notably, in Dak Nong Province, the joint venture between Hung Bac Energy Investment JSC […]
Read MoreMANILA, Philippines — Car sales plummeted to their lowest level in 10 months in April, adding to growing evidence that consumer demand suffered a fresh blow from reinforced lockdowns that likely halted the economy’s already slow bounce-back. A total of 17,843 units were sold by members of the Chamber of Automotive Manufacturers of the Philippines […]
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