HIGH ECONOMIC GROWTH RATE AND ADOPTION OF TECH MAKES ASEAN ATTRACTIVE: SONTIRAT PRIME MINISTER General Prayut Chan-o-cha has urged policymakers and entrepreneurs in Southeast Asia to develop and nurture a digital trade ecosystem as information technology in the region takes off. Delivering the keynote speech on the topic of “CLMVT Taking-Off Through Technology”, Prayut praised […]
Read MoreKUALA LUMPUR: Maybank Investment Bank Research expects AirAsia Group Bhd’s core net profit for Q2’18, which will be released on August 30, to come in at RM289mil, a 39% decline year-on-year and 10% decline quarter-on-quarter. This would bring 1H’18 core net profit to RM596mil, or 48% of its full-year forecast. The research house noted that yield pressure […]
Read MorePETALING JAYA: Economic growth for Malaysia in the second quarter of this year came in at 4.5%, which was below the consensus estimates of more than 5%. According to Bank Negara Malaysia, supply disruptions in the second quarter resulted in the slower economic growth. In comparison, GDP growth was 5.8% in the corresponding quarter of […]
Read MoreAlibaba Group Holding, the world’s largest e-commerce services provider, is making a push into Southeast Asia by offering a suite of cloud computing solutions to help retailers embrace digitalisation and provide the kind of online-offline shopping experience that is already commonplace in China. A suite of computing solutions ranging from cloud architecture and machine learning […]
Read MoreLast year, in a bid to curry favor with the more than 700,000 garment workers in the country ahead of the election, Hun Sen oversaw the raising of the minimum wage to $170 per month and provided additional benefits such as free transportation and medical care. PHNOM PENH — The Cambodian government has announced it would […]
Read MoreThe Bank of Thailand forecasts that Thailand’s ageing demography will dampen the country’s annual GDP growth by 1.5 percentage points over the next 10 years. Thailand’s labour growth rate averaged 5% over the past 10 years, but such growth is expected to decline to 3.5% a year in the next decade, said Don Nakornthab, senior director […]
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