HANOI — The Ministry of Industry and Trade has set up a council to scrutinise alleged violations of competition regulations in ride-hailing services firm Grab’s acquisition of Uber’s business in Vietnam. Investigations will look at Grab Limited Company and Uber Vietnam, both based in HCM City. Six other companies which were suspected of being involved […]
Read MoreFastGo Vietnam on December 28 launched its service in Myanmar, becoming the first Vietnamese firm in the ride-hailing sector to expand its operations to foreign markets. FastGo plans to introduce its services in big cities in Myanmar in 2019, with 2 million users and 100,000 drivers. In addition, it would continue to invest and call […]
Read MoreThe Commerce Ministry pledges to shore up key farm products this year if their prices fall below targets set by the ministry. Officials also vow to monitor food prices and service charges at restaurants to ensure fairness to consumers. Whichai Phochanakij, director-general of the Internal Trade Department, said the department set target prices for seven […]
Read MoreMyanmar must take steps to negotiate bilateral trade agreements with its neighbours to avoid volatility in border trade with China and India, as the consequent losses for locals can be huge. “There is currently no precise policy for border trade. Every country should have a policy to deal with trade disagreements and volatility. Right now, […]
Read MoreMANILA, Philippines — The Philippines may post a slower economic expansion this year after the series of rate increases adopted by the Bangko Sentral ng Pilipinas (BSP) last year to rein in inflationary pressures, according to a France-based investment bank. Trinh Nguyen, senior economist of Natixis, said in its Asia Outlook 2019 the gross domestic […]
Read MoreThe government is considering extending its grip on the exports of wood products and mai khud lom — trees grown to a certain size and dug from the ground to be replanted in other places for landscaping — to build confidence of trading partners and increase shipments. Adul Chotinisakorn, director-general of the Foreign Trade Department, said […]
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Thailand
