JAKARTA: Jakarta food and beverages retailer Ong Tek Tjan sells ice cream in cups his customers can eat afterwards, instead of throwing away – they are made from seaweed and taste like jelly, in flavours from peppermint to green tea. Indonesian startup Evoware, which makes the cups, as well as other containers, from farmed seaweed […]
Read MoreSHC Capital Asia, an investment holding company, is planning to acquire MM Myanmar from Mr Serge Pun’s First Myanmar Investment Limited (FMIL), a local conglomerate which is listed on the Yangon Stock Exchange, Yoma Strategic Investments and Exemplary Ventures for S$69.7 million. SHC Capital Asia is backed by Malaysian property developer See Hoy Chan and […]
Read MoreMANILA: Philippine President Rodrigo Duterte has instructed government agencies to scrap or start easing barriers that foreigners face in multiple business and employment sectors, part of moves to liberalise an economy long criticised as restrictive. The directive, made public on Thursday, said the aim was to pursue stronger economic growth, create fairness and to enable […]
Read MoreSupplement maker Me Infinity Thailand is betting its entry into the Cambodian market with an energy drink can double the company’s revenue after a few lean years in the local market. The company’s revenue fell 50% from 2016 to 2017, down to 100 million baht, in large part because of the passing of the late […]
Read MoreThe government is committed to starting big-ticket infrastructure projects worth over 740 billion baht next year in the much-touted Eastern Economic Corridor (EEC). The EEC committee chaired by Prime Minister Prayut Chan-o-cha on Wednesdayapproved the development schedule for the projects with the aim of attracting at least 100 billion baht in private investment annually. Projects […]
Read MoreSINGAPORE: Singapore raised its economic growth forecast for this year and sees global growth underpinning that momentum into 2018, with some moderation. Gross domestic product rose 5.2% from a year earlier, the fastest pace in more than three years, versus a median estimate of 5%. Compared to the previous quarter, GDP rose a seasonally adjusted […]
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Thailand
