The clinched free trade agreements (FTAs) has opened the door wider for Vietnamese goods to enter foreign markets, helping the country improve trade balance with its trade partners. Before 2007, Vietnam was involved in only two free trade deals as member of the Association of Southeast Asian Nations (ASEAN): the ASEAN-China and the ASEAN- Republic […]
Read MoreBy Melissa Luz T. Lopez, Senior Reporter BANKS and e-money issuers have set up a new clearing house for real-time fund transfers yesterday, with seven lenders now able to process interbank transactions in a matter of seconds. Industry players unveiled the InstaPay platform on Monday, which serves as an automated clearing house to process payments across accounts […]
Read MoreMANILA, Philippines – At least 25% of jobs in Southeast Asia may be automated in the next two decades, according to the International Labour Organization (ILO). ILO reported that workers in low-skilled, labor-intensive sectors, may be displaced by technology which has become increasingly accessible. “It is estimated that at least a quarter of jobs in […]
Read MoreThe government has signed off on a proposal to designate more than 9 hectares of land along Phnom Penh’s riverfront as state-private land, opening it up for private investment or long-term leasing. The 9.25-hectare stretch of riverfront from the capital’s Night Market to the Chroy Changvar bridge was reclassified from state-public land to state-private land […]
Read MoreThe auction plans for the Bongkot and Erawan gas blocks in the Gulf of Thailand have finally been determined after almost a dozen postponements in the last two years. The winning bidders for the Erawan and Bongkot gas blocks in the Gulf of Thailand are expected to sign production-sharing contracts with the government by February 2019, […]
Read MoreMyanmar and Vietnam have agreed to raise bilateral trade and have set a target of exceeding $1 billion in trading value by 2020. The pact was made during State Counsellor Daw Aung San Suu Kyi’s two-day visit to the country on April 19-20, according to a statement from the Ministry of Foreign Affairs. Currently, Vietnam […]
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