The Industry Ministry will roll out an incentive programme to encourage six eco-car manufacturers to make electrified eco-cars after finding that the electric vehicle scheme was ineffective at boosting mass-market production of EVs. “The ministry is working on a new programme called Eco EV, which is aimed at offering incentives for eco-car makers,” said Nattapol Rangsitpol, […]
Read MoreThe Hanoitimes – Deposits at three major state-run banks stood at VND2,550 trillion (US$110.04 billion), accounting for 46% of total deposits at 28 banks, CafeF reported. Deposits at 28 banks operating in Vietnam as of September 2018 reached VND5,495 trillion (US$236.88 billion), up VND488 trillion (US$21.04 billion) or 9.76% compared to the beginning of the year. […]
Read MoreHopes of a direct flight between Cambodia and India were re-kindled this week, with the Indian Ambassador announcing that the flight is expected “soon”. In a meeting on Monday in Phnom Penh, Ambassador Manika Jain told Mao Havannal, Secretary of State for Civil Aviation, that India “has plans to operate a direct flight to Cambodia” […]
Read MoreMANILA, Philippines (Update 2, 2:19 p.m.) — The Philippine economy expanded at a slower pace in the third quarter amid weak consumer spending and lackluster agriculture growth, which may give the central bank a chance to hit the pause button on policy tightening to rein in inflation. Gross domestic product — or the value of all finished goods and services […]
Read MoreSINGAPORE: The ability to communicate, shop online, order rides, read books, play games, get food delivery and pay for anything within a single, unified smartphone app is Asia’s defining innovation, technology leaders said at Bloomberg’s New Economy Forum in Singapore. WeChat, Grab and Go-Jek are prime examples of a breed of software called the Super […]
Read MoreThe Indonesian Retailers Association (Aprindo) has said retail business did not recover in October, and the month was unusually weaker than the previous month’s sales, even though it was closer to Christmas and New Year. Aprindo chairman Tutum Rahanta said low-purchasing power had sparked the weak sales in October. “The weakening of the rupiah, which affected the prices of goods, combined with stagnant […]
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Thailand
