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Philippines: Manufacturing output drops in March; more factories operate below capacity

MANILA, Philippines — Manufacturing output declined both in terms of volume and value in March mainly due to decreased activity in the food, furniture, basic metals and petroleum sectors, the Philippine Statistics Authority (PSA) reported yesterday.  Factory output, as measured by the Volume of Production Index (VoPI), registered a 9.2 percent contraction in March, reversing the 11 percent growth in […]

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Myanmar: A burgeoning entrepreneurial ecosystem

A bit more than a decade ago, buying a cellular SIM card in Myanmar cost US$3,000 in 2001 and $250 in 2013. Fast forward to April 2019, and you can purchase a starter pack for as little as $1.10. And this is only one of the changes afoot in Myanmar, where local and international entrepreneurs are eager to […]

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First Cambodian car online market launched

Australian start-up AsiaCarGroup has launched the first online marketplace for cars in Cambodia, mykhmercar.com, according to a press release on Tuesday. The website allows local individual sellers and car dealers to easily, quickly and securely sell their cars, motorbikes and trucks using the platform and find buyers faster than before, according to the release. AsiaCarGroup […]

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South Korean power company eyes opportunities in Laos PDR

The Korea Electric Power Corporation (Kepco) hopes to expand its power equipment business as well as explore other avenues of cooperation with Laos’ energy sector. A business meeting between representatives of Laos’ Ministry of Energy and Mines, Electricite du Laos (EDL), and Kepco as well as related sectors from Lao and the Republic of Korea […]

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Skills shortages, labour curbs may hit Singapore manufacturing

Singapore has attracted high-tech manufacturers with incentives and a well-educated workforce but growing demands for highly skilled labour and government moves to curb numbers of foreign workers may mean a tougher path ahead. The city-state is a major producer of products ranging from aircraft engines to medical equipment and oil rigs, and top firms such […]

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