SINGAPORE/SHANGHAI: Alibaba Group plans to expand its Southeast Asian arm, Lazada, to Europe, two sources familiar with the matter told Reuters, as the Chinese e-commerce company seeks further overseas growth amid slowing opportunities at home. The move comes months after Alibaba’s logistics arm, Cainiao, opened a central hub for European sales in Belgium. Alibaba is […]
Read MoreThe Kingdom has a young and highly cost-competitive workforce ideal for manufacturing various types of electronics components. Sixty-four percent of its 16 million population is under 35 years of age, with minimum wages in the country currently set at $194 per month, which is at least 10-20 percent lower than other major manufacturing hubs in the region Cambodia […]
Read MoreThe Thai economy is expected to grow over the next 1-2 months, driven by higher demand for industrial products and exports, following a rise in the Manufacturing Production Index (MPI) in March to 109.32 points, the highest level since April last year, says the Office of Industrial Economics (OIE). The projection is calculated by the […]
Read MoreSingapore remained the largest investor in Vietnam during the four months with US$3.1 billion, or 28.8% of the total. FDI commitments in Vietnam as of April 20 were estimated at over US$10.8 billion, a decline of nearly 12% against the same period of last year, a report of the Foreign Investment Agency (FIA) under the […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is ramping up the pilot test of a wholesale central bank digital currency (CBDC) as part of efforts to promote the stability of the country’s payment system. Dubbed Project CBDCPh, the pilot will test the use of CBDCs for large-value financial transactions on a 24/7 basis […]
Read MoreThe SME Association of Malaysia touched down in Phnom Penh on Wednesday to kick off its four-day mission to discover the investment opportunities and framework that post-Covid Cambodia has to offer, led by various ministers and supported by the ambassador to Malaysia. The delegation left to the Ministry of Foreign Affairs and International Cooperation (MFAIC) […]
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Thailand
