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Starbucks Officially Announces Entry into Laos

Starbucks has announced that it plans to open outlets in Laos as it expands its network of over 10,000 stores in Asian countries. The Seattle-based coffeehouse has said it is to open its first store in Vientiane Capital in 2021, which would make it the 17th Asian market in which the coffee chain operates. According to its website, […]

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Malaysia’s manufacturing PMI at 48.5 in October

PETALING JAYA: The headline IHS Markit Malaysia Manufacturing Purchasing Managers’ Index (PMI) dipped for the fourth successive month in October as rising Covid-19 case numbers and renewed restrictions to try to prevent its spread stymied the manufacturing sector’s recovery. IHS Markit said the composite single-figure indicator of manufacturing performance fell to 48.5 from 49.0 in […]

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Philippines factory activity among worst worldwide

MANILA, Philippines — The downturn in output of the Philippine manufacturing sector was among the steepest in the world in the first nine months of the year, according to IHS Markit.  In a recent research brief, the market intelligence firm said that among the 31 countries monitored for manufacturing conditions from January up to September this […]

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Laos: Govt vows to smooth the path for investors

The government has pledged to remove barriers and further improve the business climate in a bid to attract more investment from Laos and foreign countries. In addition, the government will not approve new mining projects for the rest of this year while it reviews the progress of existing projects. With regard to hydropower projects, the […]

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