Newly established Indonesian wholesale marketplace Ula said it has received US$10.5 million in seed funding led by Sequoia India and Lightspeed India, as it seeks to expand its consumer base across Java. The company, which was launched in January, also received investments from San Francisco-based Alter Global, Sinar Mas-backed conglomerate SMDV, among others, along with […]
Read MoreThe average loss for each container of shipments to the EU due to the EC’s yellow card is 10,000 euros, according to a source. The figure was included in a Vietnamese document about the fight against Illegal, Unreported and Unregulated (IUU) fishing, just released by the Vietnam Association of Seafood Exporters and Producers (VASEP) recently. […]
Read MoreCambodian Securities Exchange: The index rose for the first time this week increasing 2.92 points (0.4 percent) to close at 730.66. The small rise stops four days of falls that have taken some steam out the market since reaching more than 800 points in early June. Trading volumes were at 608,705,880 riels ($148,288) with 41,963 […]
Read MoreAuthorized by the prime minister, Minister of Finance Dinh Tien Dung on June 11 submitted a draft resolution to the National Assembly (NA) to offer a 30% corporate income tax cut for small businesses and cooperatives in 2020. Minister Dung said that the global coronavirus pandemic has put a crimp in economic activity across local […]
Read MoreTHE number of incidents involving piracy and armed robbery against ships in Asia doubled in the first five months of 2020, compare to the same period last year, according to the Regional Cooperation Agreement on Combating Piracy and Armed Robbery against Ships in Asia (ReCAAP). From January to May 2020, there were 49 such incidents, compared with 25 […]
Read MoreThe coastal province of Preah Sihanouk – considered to be one of the Kingdom’s economic hubs and a southwest rising star of the country – will soon be home to six more special economic zones (SEZ). The additions will bring the total number of industrial parks in the province to 10, the provincial administration reported. […]
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Thailand
