November 2018 – Page 58 – ASEAN Economic Community Strategy Center

November 12, 2018

Indonesia: Investment board eyes US, Chinese investors

Indonesia’s Investment Coordinating Board (BKPM) has sent representatives to Guangzhou in China and New York in the United States to lure Chinese and American investors to put their money into Indonesia. The representatives last week spoke to Chinese investors during a seminar hosted by the United Overseas Bank (UOB) during a business forum hosted by the Indonesian consulate. BKPM regional investment promotion director Nurul Ichwan […]

November 12, 2018

Philippines: Airline profits hit by rising fuel prices

MANILA, Philippines — Soaring fuel prices took its toll on the profitability of local airlines in the nine months ending September. In separate financial reports to the Philippine Stock Exchange, the listed operator of Philippine Airlines (PAL) said the company widened its net loss in the first three quarters, while Cebu Air Inc. saw its […]

November 12, 2018

Myanmar: Businesses positive over growth prospects

Mandalay is poised to become the second-largest hub for growth after Yangon, the city’s chief minister Dr Zaw Myint Maung said at the Mandalay Business Forum held over the weekend. Dr Zaw Myint Maung highlighted the region’s vast, unoccupied land, which is ripe for investments and assured investors of looser regulations that will enable them […]

November 12, 2018

Myanmar: Central Bank allows foreign banks to lend to local businesses

Foreign banks in Myanmar are being allowed to provide commercial services, setting them on more equal footing with the local banks as the sector implements further reforms, U Soe Thein, Vice Governor of Central Bank of Myanmar (CBM), told The Myanmar Times on November 9. “Financing and lending to local businessesis is now open to all foreign […]

November 11, 2018

Brunei – BruPay launches: No transaction or registration fees

Fintech startup BruPay’s eWallet application will carry no transaction or registration fees for customers and merchants who sign on and make purchases using the newly launched service. With an increasing number of cashless payment options in Brunei, BruPay’s unique selling point is its promise to only levy fees when customers or merchants withdraw or transfer […]

November 9, 2018

Brexit is bringing the UK back to Southeast Asia

As the United Kingdom proceeds to leave the European Union, the Conservative Party government is busy promoting an international identity for itself under the banner of ‘Global Britain’. It is enunciating an ‘All of Asia’ policy — ostensibly to signal that London is keen to engage all countries in the wider East Asia region, big […]

Asean News

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Vietnam: Elusive trade target with Vietnam renewed

Central Group wins bid for Big C Vietnam

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Monthly Archives: November 2018