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Malaysia: FMM sees dip in manufacturing in Q1 2023

PETALING JAYA: The Federation of Malaysian Manufacturers (FMM) expects the local manufacturing sector to experience a downturn in the first quarter of next year (1Q23) due to global uncertainties. In light of the potential slowdown, FMM president Tan Sri Soh Thian Lai said the order books of companies might see lower growth. “Businesses are lowering […]

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Thai Vietjet set to expand overseas routes

Thai Vietjet (TVJ) is preparing an aggressive plan for international expansion next year with the aim of increasing the portion of international flights to 67% from 41% this year, with new routes to destinations in China, India, Japan and Vietnam. “We want to be a part of driving the Thai economy by bringing more foreign tourists,” […]

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JFC: Philippines to attract $128 billion FDI by 2030

MANILA, Philippines — The Joint Foreign Chambers of the Philippines (JFC) has raised its foreign direct investments target to $128 billion by the end of 2030 as it banks on recently passed reforms that provide significant opportunities for FDI. In a press conference yesterday, American Chamber of Commerce of the Philippines (Amcham) executive director Ebb […]

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Cambodia: PP-Bavet Expressway clauses reviewed

Senior officials of the Ministry of Public Works and Transport (MPWT) and the Ministry of Economy and Finance (MEF) on Wednesday met the delegation of the developer of China Road and Bridge Corporation (CRBC) to review terms and conditions before they reach the stage of signing a deal for the development of Phnom Penh-Bavet Expressway […]

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Thailand: Tourism making gradual recovery

The recovery rate of Thai tourism was slower than in neighbouring countries because of a shortage of flights and the absence of key markets such as China, according to leading regional travel tech companies. Wilfred Fan, chief commercial officer at Klook, a travel and experiences platform, said there was a strong recovery for cross-border travel in […]

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