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Laos: More investment in human resources needed: economist

While the Asia-Pacific region is experiencing population ageing at an unprecedented rate, the growing number of young people in Laos can provide a significant momentum in driving economic growth. A senior economist from the Faculty of Economics and Business Management at the National University of Laos, Dr Phouphet Kyophilavong, told Vientiane Times on Wednesday that the country’s […]

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Cambodia falls further behind in competitiveness

Cambodia slid further down the rankings of global competitiveness on this year’s Global Competitiveness Report, which showed the Kingdom dropping five notches on the annual index to hold its position as the second least competitive country in Asean after Laos. Cambodia ranked just 94 out of 137 economies, falling from 89 last year, on the […]

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Philippines net liability position up in June

MANILA, Philippines — The country’s international investment position (IIP) weakened as of end-June due to higher net liability position, according to the Bangko Sentral ng Pillipinas (BSP). According to preliminary IIP data, the country’s net external liability position reached $33.8 billion, higher than the end-March level of $29.2 billion. This came as external financial liabilities […]

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Malaysia: Ringgit depreciates against US$

KUALA LUMPUR: The ringgit fell against the US dollar early Monday on lack of interest for the local currency as sentiment turned positive for the greenback a dealer said. At 9 am(0100gmt), the local traded at 4.2280/2310 against the greenback from 4.2190/2220 recorded at 6 pm on Friday. FXTM Reserach Analyst Lukman Otunuga said comments […]

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Indonesia: 2017 FIDIC Conference Expected to Attract Foreign Investment

TEMPO.CO, Jakarta – The Indonesian Consultant Association (Inkindo) said that the 2017 International Federation of Consulting Engineers (FIDIC) Conference is expected to attract foreign investment into Indonesia. The conference is held at Jakarta Convention Center on October 1-3. Inkindo chairman Nugroho Pudji Rahardia said that consultants play a key role in convincing investors to invest in Indonesia. Therefore, Nugroho […]

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Go-Jek to Expand in SE Asia, Competes with Uber and Grab

TEMPO.CO, Jakarta – Ride-hailing company Go-Jek is planning to expand in Southeast Asia in a bid to compete with similar companies Grab and Uber Technologies Inc. Without specifying the countries that will become its target, Go-Jek CEO Nadiem Makarim said that Southeast Asian nations have a large population and adopt cash payment system. He pointed out that Go-Jek digital […]

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