Dong Nai has been among the leading localities in Vietnam in attracting foreign investment over recent years, with local authorities continuing to innovate and create a favourable investment environment. Fujitsu Vietnam has been operating at the province’s Bien Hoa 2 Industrial Park for more than 25 years. It initially invested nearly 80 million USD upon […]
Read MoreMANILA, Philippines — Fitch Solutions Country & Risk Industry Research expects a deeper economic contraction for the Philippines for this year, but expects a stronger rebound next year on the back of supportive fiscal and monetary policy stances. The research arm of the Fitch Group expects the Philippine economy to contract by a deeper 9.6 […]
Read MoreThailand’s tourism minister has warned that local demand is expected to drastically slow amid a slumping economy if there is no proper plan to reopen to tourists next year. Local demand remains below 40% of last year’s figure despite an uptick in activity since the outbreak of the pandemic, said Phiphat Ratchakitprakarn, Tourism and Sports […]
Read More[HANOI] Fifteen Asia-Pacific nations are set to sign an enormous free trade deal at an online summit that started on Thursday, with the pact seen as a coup for China in extending its influence across the region. Once signed, the Regional Comprehensive Economic Partnership (RCEP) will be the world’s largest trade pact in terms of […]
Read MoreMANILA, Philippines — Foreign groups are closely looking at the Philippine mining industry as the government considers the sector as a major contributor to economic recovery. In a virtual forum Wednesday, the Philippine Mining and Exploration Association (PMEA) said international and local firms are now revisiting their prospects as the mineral industry has not been […]
Read MoreThe controversial acquisition of Tesco by CP Group could leave lasting damage on the economy, several trade commissioners have warned. The government’s competition watchdog approved the Group’s US$10.6-billion acquisition of the British supermarket’s Thai operations last week. The deal would see CP acquire 86.9% of Tesco’s Thai operations and 100% of the UK retailer’s Malaysian […]
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