HANOI: Vietnam’s leading property developer, Vingroup, has begun construction of an automobile factory in a project worth between US$1 billion and $1.5 billion in the first phase. The project is part of Vingroup’s expansion plan into heavy industry, its vice-chairman was quoted as saying in a statement, following similar moves in other major sectors such […]
Read MoreSoutheast Asia hosts nearly 10 million migrants, of whom roughly 7 million originate from countries within the region. The main component of migration involves the movement of lower-skilled labour, predominantly from Myanmar, Cambodia and Laos to Thailand. In Asean and around the world, labour migration has proved to be a force for good, rather than […]
Read MoreCOMPANIES in Myanmar need to ensure cybersecurity, as it is the fourth most exposed country in Asia-Pacific to malicious programmes, according to Microsoft. Microsoft’s Security Intelligence Report Volume 22, which was released this week, also found Bangladesh, Cambodia, Indonesia and Vietnam among the top five most exposed countries in Asia-Pacific. Myanmar had 23.8-per-cent exposure to […]
Read MoreTwo divergent trends have prevailed in the Thai economy, with cross-border sectors thriving while domestic ones remain stagnant, according to a bank research unit. The economy has clearly split into two recently, said Phacharaphot Nuntramas, head of economic and financial market research at Siam Commercial Bank’s Economic Intelligence Center. The sectors involving foreign countries such […]
Read MoreTEMPO.CO, Jakarta – Economist at SKHA Institute for Global Competitiveness, Eric Alexander Sugandi estimated that inflation in August would not be high. According to him, there is even a potential of deflation, albeit small. Eric added that low inflation was triggered by the prices of basic food that have gone back to normal, especially after Eid Day. “Price normalization […]
Read MoreThai annual headline consumer prices rose for a second straight month in August, government data showed on Friday, but the inflation rate was still low, giving the central bank ample room to keep monetary policy loose to support the economy. Headline consumer prices increased 0.32% in August from a year earlier, after a 0.17% rise […]
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