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ASEAN to open markets for regional startups

Ubud, Bali (ANTARA News) – Member countries of the Association of Southeast Asian Nations (ASEAN) are expected to open their markets for startup companies from the region, especially unicorn startups, to boost development of the regional digital economy. “We also discuss ways to open the markets within ASEAN and expand presence of ASEAN unicorns in […]

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Malaysia: AirAsia to set up operations in Vietnam

KUALA LUMPUR (Bernama) – AirAsia and Thien Minh Travel Joint Stock Company (TMG) have signed a Memorandum of Cooperation to set up a low-cost carrier service with local partners in Vietnam, said Group Chief Executive Officer (CEO) Tan Sri Tony Fernandes. He said yesterday’s memorandum reaffirmed the group’s commitment to set up the service in […]

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Thailand: E-commerce players up in arms over tax

The government’s tax collection policy is threatening the growth of e-payments and discouraging a cashless society, say e-payment and e-commerce proponents. The Bank of Thailand reported that the value of e-payments in June 2018 was 38.94 trillion baht, up from 33.56 trillion a year earlier. The volume of e-payment transactions in June 2018 totalled 375 […]

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Philippines logistics cost among highest in Southeast Asia

MANILA, Philippines — The Philippines has the highest logistics cost compared to three other Southeast Asian countries, a study undertaken by the Department of Trade and Industry (DTI) and the World Bank showed. The DTI and World Bank’s policy brief, titled “An Assessment of Logistics Performance of Manufacturing Firms in the Philippines,” released during the Logistics Services Philippines Conference and […]

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Cambodia, Laos set to boost bilateral trade

Cambodia and Laos have pledged to boost trade and investment across their border, while trade volume between the two countries last year was just over $27 million, according to the Cambodian Ministry of Commerce. Ministry data show that bilateral trade between Cambodia and Laos last year was more than $27.25 million. The data did not […]

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Myanmar: More foreign investments expected in Ayeyarwady

Investors eyeing expansion opportunities in Myanmar might want to consider Ayeyarwady Region, where the government is now prioritising developments in the agriculture, livestock and marine, forestry, industry, infrastructure, transportation and tourism sectors, said regional chief minister U Hla Myo Aung. “Although much of the country’s exports originate in Ayeyarwady, foreign investments in the region are […]

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