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Vietnam set to become second largest economy in Southeast Asia

Vietnam aims to become the second largest economy in Southeast Asia by 2030 thanks to its sound economic performance, Prime Minister Nguyen Xuan Phuc has said. Phuc unveiled the target while presenting the 2021-2030 national socio-economic development strategy and the 2021-2025 development plan at the national conference to popularize the recently-concluded National Party Congress’s resolution […]

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Thai bourse ‘the highest’ fundraiser for ASEAN firms

The Thai stock market has the highest fundraising value among ASEAN countries in the first quarter of this year, the Stock Exchange of Thailand (SET) said on March 26. Dr Soraphol Tulayasathien, head of corporate strategy division, said Thailand’s fundraising as of February this year was 46.1 billion baht ($1.48 billion), followed by Indonesia’s 5.96 […]

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Malaysia: Mulling new taxes

KUALA LUMPUR: Malaysia’s government will pay more attention to economic sectors most affected by the pandemic such as tourism and retail, and will wait for the recovery to gain traction before considering any new taxes, the country’s finance minister said yesterday. The Finance Ministry is studying the possibility of a consumption tax, but “we have […]

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Philippines ramping up efforts to lure more foreign investors

MANILA, Philippines — The Philippines is ramping up efforts to attract more foreign investors to take advantage of the impending recovery from the pandemic-induced recession, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno. Diokno told participants of the virtual 2nd Philippines-Singapore Business and Investment Summit on Friday the impact of COVID-19 pandemic on […]

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Cambodia: Digital entrepreneurship for women given a boost

The Cambodian think tank Asian Vision Institute (AVI), Woomentum and the Harpswell Foundation have launched a “Women Digital Entrepreneurship Programme (WDE)”. It is a joint venture to empower women’s digital entrepreneurship, business and social skills via policy dialogue, training, research and publication. The programme will kick-start with policy dialogue among female entrepreneurs and policy and […]

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‘Philippines economy in a worrisome state’

MANILA, Philippines — The  recovery of the Philippine economy  may  further stall amid the recent spike in  COVID-19 infections, according to Moody’s Analytics and BDO Unibank Inc. Katrina Ell, economist at Moody’s Analytics, said the Philippine economy is in a worrisome condition and is likely to further stall at least through the first half of […]

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