HANOI — Vietnamese businesses won a contract to supply 175,000 metric tonnes (MT) of rice to the Philippines via an open tender for 250,000 metric tons of government’s rice importation, which was organised by the National Food Authority (NFA) in Quezon City on July 25. The news was confirmed by Chairman of the Vietnam Food Association Huynh The […]
Read MoreTEMPO.CO, Jakarta – Alibaba Group Holding Co. is eyeing investment opportunities in Indonesianmajor e-commerce company Tokopedia, according to Strait Times. A source said that the China-based company is currently negotiating to lead a series of US$500 million funding for Tokopedia. A smooth negotiation would see Alibaba joining SoftBank Group and Sequoia Capital as the existing investors of Tokopedia. Alibaba may challenge JD.com that aim to become an investor as well. Both Alibaba and Tokopedia managements have yet to issue a statement on the report. For Alibaba, Tokopedia is the […]
Read MoreThe Bank of Thailand has acknowledged the baht’s rapid climb against the US dollar recently, a movement that it says warrants close monitoring. “Even though the baht’s strengthening is in tandem with the movement of other currencies in the region, the baht in the recent period has gained in value rather fast,” said Mathee Supapongse, the […]
Read MoreKUALA LUMPUR: Malaysia’s capital market increased 9% to RM3.1 trillion in the first six months of this year and is now ranked fifth in Asia, relative to the gross domestic product (GDP), Prime Minster Datuk Seri Najib Tun Razak said. He said Malaysia is also home to the largest number of listed companies in Asean […]
Read MoreThe Mandalay region is set to achieve its US$600 million foreign direct investment (FDI) target for 2017-18. FDI in April-June has already exceeded US$582 million, which is around 90 per cent of the target, data released by the Mandalay Region Investment Committee showed. Under the new Myanmar Investment Law enacted in Oct 2016, Region and State investment committees have been given […]
Read MoreHANOI — How to mobilise idle foreign currency and gold from locals to invest in business and production has become a hot issue recently, with the Government last week once again asking the State Bank of Vietnam (SBV) to consider proposals. At a working session with SBV last week, Government Office chairman Mai Tien Dung said the Prime Minister […]
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