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Malaysia: March industrial production index exceeds forecast

KUALA LUMPUR: Malaysia’s industrial production index (IPI) expanded at a faster pace of 3.1% in March, exceeding a Bloomberg survey of a 2.3%, according to the Statistics Department. Chief Statistician  Datuk Seri Dr Mohd Uzir Mahidin said on Friday the increase in was supported by the growth in the index of electricity (4.8%) and manufacturing […]

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Myanmar: Avoid debt trap when engaging Belt and Road: analysts

At the second Belt and Road forum held in Beijing in April, State Counsellor Daw Aung San Suu Kyi acknowledged that infrastructure development under China’s Belt and Road Initiative (BRI) is important to facilitate trade, create jobs and enhance connectivity. However, local analysts say Myanmar should avoid accepting loans from China, which typically come with […]

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Thailand: EV group urges changes to 3-wheeler laws

The Electric Vehicle Association of Thailand (EVAT) is calling for the Land Transport Department to revise related laws to enable new registration of three-wheelers, mainly emphasising electrified tuk-tuks.  There are two types of registration for three-wheelers, aka tuk-tuks: personal use and public transport.  Yossapong Laoonual, president of the EVAT, said the registration process for tuk-tuks is […]

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Malaysia: More factory jobs created, manufacturing sales up in March

KUALA LUMPUR: Malaysia’s manufacturing sales grew by 5.7% in March 2019 to RM72.4bil compared with RM68.5bil a year ago while the number of workers and the salaries and wages paid also increased, the Statistics Department said. Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said on Friday that on month-on-month growth, sales value rose by 10.1%  (RM6.6bil) while on a seasonally adjusted […]

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Singapore ride-hailing app TADA debuts in Cambodia

TADA, a blockchain-based application by Singapore firm MVL Foundation, was launched in Phnom Penh, Cambodia on Wednesday. MVL signed a memorandum of understanding with Pi Pay, a digital wallet and lifestyle application based in Cambodia. Pi Pay and Alipay will be integrated onto the TADA application in Cambodia to allow for seamless cashless transactions. “This […]

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