A SURVEY of senior executives from 41 companies based in India has revealed that these companies, which focus on the India-Asean corridor, are highly optimistic about business growth in the Asean region. Commissioned by Standard Chartered, its findings showed that all companies surveyed expect their business to increase production in Asean, while a majority 93 […]
Read MoreThe coronavirus disease had a disastrous effect on Southeast Asia as the pandemic pushed 4.7 million people into extreme poverty in 2021, according to a new Asian Development Bank (ADB) report presented at the Southeast Asia Development Symposium (SEADS) on Wednesday. In its latest report titled, ‘Southeast Asia Rising from the Pandemic’, ADB stated that […]
Read MoreThe Covid-19 pandemic obliterated 9.3 million jobs in Southeast Asia as lockdowns hit the region’s traditional engines of growth such as hospitality and tourism, according to the Asian Development Bank (ADB). This pushed 4.7 million people to extreme poverty last year, measured as living on less that US$1.90 a day, the ADB said in a […]
Read MoreThe Asean Economic Ministers (AEM) group wants to upgrade existing free trade agreements (FTAs) and accelerate the enforcement of the Regional Comprehensive Economic Partnership (RCEP) trade pact among all members, aiming to revive the regional economy amid the Covid-19 crisis. According to Trade Negotiations Department director-general Auramon Supthaweethum, the economic ministers are expected to discuss […]
Read MoreSoutheast Asian e-commerce enabler aCommerce aims to launch its initial public offering (IPO) this year while expanding into Vietnam to capture the burgeoning regional online shopping market, expected to be close to US$130 billion in value by 2025. “We expect the IPO sometime this year,” said Paul Srivorakul, aCommerce group chief executive. “We have spent […]
Read MoreVisa Inc. and Mastercard Inc. are preparing to increase the fees that many large merchants pay when they accept consumers’ credit cards. The fee increases — delayed during the past two years because of the pandemic — are scheduled to kick in next month, according to people familiar with the matter and a document viewed […]
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