ASEAN News

November 21, 2018

Thailand: Local sales drive auto output

The Federation of Thai Industries (FTI) has increased its projection for the country’s automotive output in 2018 after recording huge growth in domestic sales. On Tuesday, the FTI’s automotive industry club announced the 2018 projection for car production at 2.1 million units, up by 5.59% from 2017. The local market has driven the higher output, with 1 […]

November 21, 2018

Indonesia: Work on sections of LRT, high-speed railway suspended to ease traffic

The government has suspended construction of some sections of the light rapid transit (LRT) and the Jakarta-Bandung high-speed railway to ease worsening traffic on the Jakarta-Cikampek toll road, but it allows work on the elevated toll road to continue. “We will demand the postponement of [work on] the LRT and high-speed railway projects at Kilometers […]

November 21, 2018

Malaysia: Ringgit slides as investors seek out safe havens

KUALA LUMPUR: The ringgit retreated from Monday’s gains to open lower this morning against the US dollar, as the stronger greenback curbed demand for the local unit, dealers said. At 9.00am, the ringgit stood at 4.1950/2000 versus the US dollar from 4.1870/1920 recorded at 6 pm on Monday. The market was closed yesterday for the […]

November 21, 2018

Philippines: House cuts proposed increase in alcohol excise tax

MANILA, Philippines — The House of Representatives yesterday slashed the proposed hike in the excise tax rates of alcoholic beverages under a consolidated bill which merges House Bills 4839 and 8286. According to data acquired by reporters, the technical working group (TWG) formed by the House of Representatives Ways and Means Committee has approved the […]

November 21, 2018

Singapore, Hong Kong and Malaysia are APAC’s top 3 talent hubs, study finds

Singapore, Hong Kong and Malaysia are Asia-Pacific’s top three countries at developing, attracting and retaining highly-skilled professionals, according to a ranking published on Wednesday (Nov 21) by the International Institute for Management Development (IMD). Using data and the responses from its annual survey of 6,000 executives, IMD assessed 63 countries on areas like education, apprenticeships, workplace training, language skills, […]

November 21, 2018

Vietnam’s internet economy a “dragon being unleashed”: Google-Temasek

The Hanoitimes – The country’s internet economy is projected to reach US$33 billion by 2025, at a compounded annual growth rate (CAGR) of 25% in 2015 – 2025. Vietnam’s internet economy has made a turnover of US$9 billion in gross merchandise value (GMV) in 2018 across online travel, e-commerce, online media and ride hailing, which is […]

Malaysia’s construction sector expands 8.1% in 2Q 2023 – DoSM

Philippines: Government hikes budget for debt payment

Thailand: Behind the power tariff decision

Cambodia’s agricultural product exports at $2.6 billion

More Filipinos went jobless, sought more working hours in June

Cambodia, Laos & Myanmar – 2016 Foreign Investment Outlook

Vietnam: Elusive trade target with Vietnam renewed

Central Group wins bid for Big C Vietnam

Economy Retailers must find competitive edge: experts

Up to 72 percent of enterprises support TPP

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