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Malaysia: Payment woes for contractors

PETALING JAYA: The weak property market in recent years has resulted in a competitive tendering environment for building construction jobs, with some contractors willing to cut prices in their efforts to secure new jobs, said Master Builders Association Malaysia (MBAM) president Foo Chek Lee. “It is a very competitive tendering environment now. For some tenders, […]

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Bright prospect for Vietnam’s key economic sectors in 2019

The Hanoitimes – In 2018, manufacturing remained the driving force of the economy with an increase of 12.98% year-on-year, contributing 2.55 percentage points to Vietnam’s 10-year high economic growth of 7.08%. The manufacturing sector ended 2018 being the bright spot of Vietnam’s economy, and is expected to achieve higher growth this year amid uncertainties surrounding the […]

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Vietnam leads cashless drive in Southeast Asia

The Hanoitimes – Vietnam and Thailand are experiencing a boom in mobile payments as more people use e-wallets to pay for goods and services. Governments across Southeast Asia are pushing ahead with efforts to create cashless economies, with less developed countries such as Vietnam and Thailand leapfrogging richer ones like Singapore and Malaysia in electronic payments, […]

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Malaysia’s current account in surplus for 2019: Pua

KUALA LUMPUR: Malaysia’s current account balance will remain in surplus for 2019 and the economy is not experiencing a current account deficit, says political secretary to the Finance Minister Tony Pua. Pua issued a statement on Friday in response to a Bloomberg interview hosted by David Ingles with the invited guest, UBS Global Wealth Management […]

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Thailand in lead pack for Asean capital markets

THAILAND ranks in the top three of capital markets in Asean and is expected to stay in the leading pack in 2030, trailing only Singapore and Indonesia, a study indicates. The report, Capital Markets in 2030, drew on research by The Economist Intelligence Unit on behalf of PwC.  The survey asked nearly 400 executive at […]

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