Singapore’s sovereign wealth fund GIC has decided to fully exit its four-year-old investment in Vietnamese taxi firm Vinasun (VNS) at a time when traditional cab operators are struggling given the rise of ride-hailing technology players. In a disclosure to Ho Chi Minh City Stock Exchange, GIC said it sold all the 5.4 million shares, equivalent to a 7.96 per […]
Read MoreInflation was recorded at 0.21 percent in May, higher than 0.1 percent recorded in the previous month, the Central Statistics Agency (BPS) announced on Monday. The latest figure brought year-to-date (ytd) inflation at 1.3 percent. Meanwhile, year-on-year (yoy) inflation was recorded at 3.23 percent in May, lower than 4.33 percent and 3.33 percent recorded over […]
Read MoreDespite the July 29 national elections having drawn criticism at home and abroad, Cambodia’s property market seems immune to a potential downturn as land sales continue to rise and new projects keep changing the Kingdom’s skyline. Mong Martin, an investor currently working on a project in Kampong Speu province, said Cambodians are increasingly aware of […]
Read MoreHigh-ranking officials from the Greater Mekong Subregion convened last week to discuss regional cooperation in food safety, agricultural trade and the implementation of the GMS Strategy and the Siem Reap Action Plan. The 15th Annual Meeting of GMS’s Working Group on Agriculture took place on May 29-30 in the Chinese city of Pu’er, in Yunnan […]
Read MoreThe Hanoitimes – Domestic enterprises must adapt new business models in the digital economy to ensure they can compete against foreign rivals, even on their home market. In a digital economy, technology will help add more value to products, cut production costs, and reduce the number of required workers. As such, Vietnamese enterprises which could tap […]
Read MoreDue To Weak Peso, High Oil Prices MANILA, Philippines — Listed consumer companies hinted of more price hikes for their food and beverage products as they are getting increasingly worried over rising inflation, high oil prices and the weakening of the peso against the dollar. Some of the listed consumer firms have already reported lower-than-expected […]
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Thailand
