Indonesia can expect more capital going into its start-ups in the future as the country already enjoys the highest flow of funds in Southeast Asia after Singapore, according to Sequoia Capital India. The digitalization of Indonesia’s economic activity was one of the growth areas for start-ups in the country. “Another good thing about Indonesia is […]
Read MoreNEARLY 23,000 workers were affected by plans to slash business costs in July, led by a spike in the construction sector, according to Ministry of Manpower (MOM) data out on Thursday. The latest wage cuts take the number of affected workers to 224,800 for the period March 12 to end-July, although the volume of cost-saving […]
Read MoreThe value of Myanmar trade with ASEAN countries through the sea route and land borders has registered at US$9.94 billion in the nine months (Oct-June) of the 2019-2020 financial year, according to the Ministry of Commerce. The ministry reported that imports surpassed exports in regional trade, with exports reaching over $3.6 billion and imports valued […]
Read MoreThe hotel and retail sectors should prepare for stringent cost-cutting and find alternative income sources for as long as there is no coronavirus vaccine, as it will take two years for businesses to resume as usual, according to property consultant JLL Thailand. JLL managing director Suphin Mechuchep said the hotel sector has borne the brunt […]
Read MoreSINGAPORE, Aug 20 — Certificate of Entitlement (COE) prices closed mostly higher at the end of the latest bidding exercise yesterday. Premiums for small cars (up to 1,600cc & 97kW) went up by 8.21 per cent to S$35,710 (RM109,391). Large cars (above 1,600cc or 97kW) saw premiums go up from S$37,102 in the previous bidding […]
Read MoreMANILA, Philippines — The government’s strong current account position, together with other sound macroeconomic indicators, may speed up the country’s recovery from the impact of the pandemic, according to the Department of Finance (DOF). In a report, Finance Undersecretary and chief economist Gil Beltran said the country posted a current account surplus of $92 million […]
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Thailand
