The Hanoitimes – Operating conditions have now improved in each of the past 34 months. The headline Nikkei Vietnam Manufacturing Purchasing Managers’ index (PMI) dropped to 51.5 in September from 53.7 in August, indicating a further slowdown in growth momentum in the manufacturing sector, according to Nikkei and IHS Markit. A reading below the 50 neutral […]
Read MoreThe Indonesian government has placed a temporary ban on the development of its lucrative palm oil industry as it seeks to review existing concessions and sort out land ownership problems. The three-year moratorium, based on a presidential instruction issued on Sept 19, orders five ministries, the state investment coordinating body BKPM and regional governments to conduct a […]
Read MoreMANILA, Philippines — Higher interest rates may address the monster inflation in the country but may soon constrict Philippine companies’ capacity to expand as borrowing costs rise, according to industry players. “Companies will further be saddled by the additional burden of borrowing and overhead costs. It’s a major domino effect. Almost all segments will be […]
Read MoreThe government has issued another temporary permit extension for gold and copper miner PT Freeport Indonesia (PTFI) as the divestment process of shares from Freeport-McMoran (FCX) to state-owned mining holding company PT Indonesia Asahan Aluminium (Inalum) is still incomplete. The temporary special mining permit (IUPK) is being issued by the government as the previous temporary […]
Read MoreAs the National League for Democracy-led government is half-way through its five-year term, the empty hotel rooms, plight of small businesses and falling investor confidence paint a bleak economic picture. In another 2.5 years’ time, many voters will be asking what the first NLD-led administration has delivered. The current numbers are hardly encouraging. Between April and […]
Read MoreThe Hanoitimes – After a long time making merger and acquisition (M&A) deals to set foothold in Vietnamese market, foreign retailers are ramping up their expansion plans to gain more market share here. Central Group, Thailand’s largest retail conglomerate, has recently planned to spend as much as US$500 million to expand its retail network in Vietnam […]
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Thailand
