SINGAPORE (BLOOMBERG) – The Indonesian rupiah could be Asia’s best-performing currency for the rest of the year with elevated commodity prices boosting the nation’s trade surpluses. The exporter of coal and palm oil is benefiting from a global energy crisis that has roiled many of its peers that are net commodity importers. Indonesia is due […]
Read MoreVenture capital in Vietnam will reach $600 million and may surpass $1 billion in 2021. The country is expected be an attractive destination for venture capital funds in the following years. Le Hoang Uyen Vy, founder of DO Ventures, said that 2019 saw a record high venture investment in Vietnam with nearly $900 million, nearly […]
Read MoreThailand’s leading joint-business group on Monday raised its 2021 economic forecast again to between 0% and 1% growth thanks to declining Covid-19 cases, more vaccinations and a resumption of businesses. In September, it predicted between a 0.5% contraction to 1% growth, the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) said in a statement. […]
Read MoreIn 2020, Masan took over the tungsten division of H.C. Starck Tungsten, the world’s leading manufacturer with thermal resistance technology, as part of its plan to become a leading high-tech industrial material manufacturer. The Vietnamese name is now among the top manufacturers of tungsten products for important industries such as mechanical engineering, mining, automobile, energy, […]
Read MoreMANILA, Philippines — Car manufacturers posted a double-digit sales growth in September, a performance that the industry considers “crucial” to achieving its sales target for this year. What’s new Automakers sold a total 21,492 units in September, 35.6% higher compared to sales in August when Metro Manila and other provinces briefly returned to harsh lockdowns, a […]
Read MoreThe European Union says ASEAN can do more to make trade between members easier and cheaper. EU Ambassador to ASEAN Igor Driesmans said Europe had a vested interest in smoother trade because the EU is ASEAN’s third largest trading partner and ASEAN is the fifth largest economy in the world with a nominal gross domestic […]
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