South East Asia

Date

Canada Pension Plan Investment Board (CPPIB) will make its first infrastructure investment in Indonesia with the acquisition of a 45 percent stake in PT Lintas Marga Sedaya (LMS), the concession holder and operator of the Cikopo-Palimanan (Cipali) toll road in West Java. The investment will be made in partnership with PT Baskhara Utama Sedaya (BUS), a wholly-owned subsidiary of PT Astra Tol Nusantara (Astra Infra), CPPIB stated in a press re…


Foreign executives and managers in Myanmar can now rely on a handbook about respecting the local culture in the workplace when it comes to defusing possible cross-cultural misunderstandings and potential disputes.  The Directorate of Investment and Company Administration (DICA) and the Myanmar Centre for Responsible Business (MCRB) collaborated on the guide titled “Respecting Myanmar Culture in the Workplace”..............


Russia on Wednesday offered to support Myanmar on the digital front, with proposals to help the country draft its first cyber security law, build e-government platforms and develop smart cities. More than 70 percent of the Russian population has round-the-clock access to e-government platforms, the use of which also helps to eliminate corruption and errors, said Alexey Volin, vice-minister of digital development, communications and mass media…


The Korea-Myanmar Industrial Complex (KMIC) is set to be among the best industrial complexes in Myanmar and will help unlock the potential of Myanmar, China, India, and ASEAN as markets, Kim Gunwoo, general manager of the Korea Land and Housing Corporation (Myanmar), said in an interview with The Myanmar Times.  Korea Land and Housing Corporation (Myanmar) is overseeing the construction of the industrial complex north of Yangon. Ear…


All of Ho Chi Minh City’s 24 districts will have Internet of Things (IoT) broadcasting stations installed by the end of this month, making the city the first place in Vietnam to be fully covered with an IoT network. IoT is a system of interrelated computing devices and machines with the ability to transfer data over a network without requiring human-to-human or human-to-computer interaction.       Connected devices, smart d…


Tycoon Ramon “RSA” Ang snakes through the labyrinthine crowd and hurriedly slips inside a waiting white van that will bring him to a helipad inside Manila North Harbor. He is in the Bronx-like district of Tondo in Manila’s belly where he led the opening of San Miguel Corp.’s learning facility. He needs to rush to Clark for the signing of the Bulacan Airport agreement. The van takes him to his chopper, a waiting H130 helico…


Vietnam’s food processing and packaging industry has expanded by 15-20 percent annually over the past several years and is likely to grow further in the coming years, according to the Association of Vietnam Retailers (AVR) Vietnam’s food processing and packaging industry has expanded by 15-20 percent annually over the past several years and is likely to grow further in the coming years, according to the Association…


Novaland Group signed strategic partnerships with The PGA of America, IMG and Accor at an investment promotion conference of Binh Thuan province on September 22. Real estate developer Novaland Group signed strategic partnerships with The Professional Golfers’ Association of America, International Management Group (IMG) and French multinational hospitality group Accor at an investment promotion conference of Binh Thu…


The value of counterfeit goods seized by the government reached close to P14 billion in the January to July period, with cigarettes and alcohol products topping the haul, according to the Intellectual Property Office of the Philippines. IPOPHL said the counterfeit items worth P13.73 billion confiscated by the National Committee on Intellectual Property Rights (NCIPR) during the seven-month period is nearly 60 percent of full-year 2018’s rec…


A conference was held in Hanoi on September 23 to seek solutions to support and create favourable conditions for businesses to export goods and services to the ASEAN market A conference was held in Hanoi on September 23 to seek solutions to support and create favourable conditions for businesses to export goods and services to the ASEAN market.According to Nguyen Vu Kien, head of the International Relations Department under the Vietnam …


2019-09-24

Presented by SGInnovate and UNDP   Technology and Sustainability Creating Impact with Sustainable Finance In strengthening Singapore’s sustainable investment ecosystem, we need to establish Singapore as a node for Global Sustainable Finance, and consider the element of impact measurement within incubators/accelerators. Date: 27 September 2019, FridayTime: 4:00pm – 6:00pmVenue: 32 Carpenter Street, Singapore 059911 …


Global flows are shifting toward Asia on seven of eight dimensions namely trade, capital, people, knowledge, transport, culture and resources according to the latest study by McKinsey Global Institute. The only flow that has declined is waste (environment).  From 2007 to 2017, Asia's share of global goods trade rose from 27 to 33 per cent, of global capital flows from 13 to 23 per cent, of worldwide patents from 52 to 65 per cent (although i…


The Housing and Development Board (HDB) has rolled out the use of artificial intelligence (AI) to enhance worker safety at its construction sites. This AI system will focus on two scenarios which are common causes of worksite accidents, based on data from the Ministry of Manpower, HDB said in a media briefing on Thursday (Sep 12).   The system will monitor workers who come within one metre of a non-barricaded edge with a drop of more than tw…


Visibility in some parts of Singapore was reduced to between 3km and 5km on Monday morning (Sep 23) due to hazy conditions and increased moisture in the atmosphere, said the National Environment Agency (NEA).  This gradually improved to a visibility of between 7km and 8km over most areas in the afternoon, the agency added.  Read more at https://www.channelnewsasia.com/news/singapore/haze-singapore-visibility-reduced-…


SINGAPORE firms are switching from cheques to e-payments, but the pace is just not fast enough. To give them a further push, local banks OCBC and DBS are raising cheque fees and, at the same time, offering promotional rates for electronic transactions. Small and...


Small and medium-sized enterprises (SMEs) for five out of six sectors in Singapore are expecting a worse business outlook for the coming six months, as the global economic slowdown continues amid a trade war that shows little signs of abating. In particular, SMEs in manufacturing logged lower turnover expectations due to slowing demand for goods, while those in commerce and trading are expecting, for the fourth straight quarter, worse p…


The Department of Transportation (DOTr) is bent on upgrading the country’s regional airports even without the private sector’s participation. Transportation Undersecretary for aviation Manuel Tamayo said the government is keen on pushing through with airport projects which have received unsolicited proposals from various private groups should any of them decide to back out. “Whether they push through or not, we’re doing it…


  The Philippine is expected to become a recipient of a huge amount of investments in the information and communication (ICT) sector as efforts to improve the country’s telecommunication services and internet connectivity intensify. Investments in the country’s ICT sector have been surging this year to levels never before seen, and such magnitude is expected to continue in the years to come, according to Information and Communica…


Printing businesses in Vietnam should begin using more environmentally friendly equipment, experts said at a recent conference in Ho Chi Minh City Printing businesses in Vietnam should begin using more environmentally friendly equipment, experts said at a recent conference in Ho Chi Minh City.Ngo Anh Tuan, chairman of the Printing Association of HCM City, said that the kind of printing methods being used by businesses are the primary cause o…


The final round of the United Association of Vietnamese Students (UAVS) Start-up Challenge took place in Sydney on September 21  The final round of the United Association of Vietnamese Students (UAVS) Start-up Challenge took place in Sydney on September 21.Accordingly, the Sister Bag team won the competition with Made-in-Vietnam handbag project, looking to bring eco-friendly and handmade fashionable products to consumers via online…


The Vietnam Travel and Marketing Transport JSC (Vietravel) will trade 12.6 million shares on the Unlisted Public Company Market (UPCoM) on September 27, insiders have said.The company’s trading code is VTR and debuting price is 40,000 VND (1.72 USD) per share, valuing the firm at 504 billion VND, according to the Hanoi Stock Exchange.With a trading band of 40 per cent on either side on debut day, Vietravel shares may swing be…


CATALIST-LISTED Y Ventures said on Monday that it is placing 24.7 million new shares in the company at S$0.0812 apiece to raise around S$2.0 million. The placement price represents a discount of around 9.98 per cent from the volume-weighted average price of the group’s shares of S$0.0902 traded on Sept 17, the last full market day prior to the subscription date. The new shares also represent around 10.74 per cent of Y Venture’s enlarg…


In a recent episode of CNA's Talking Point, Education Minister Ong Ye Kung called for a shift in societal mindsets when it comes to academic qualifications Armed with only an A-level certificate and lacking work experience, Ms Sarah Shaikha was in an unenviable position when job hunting in 2016. She knew she was competing against those with work experience and better academic qualifications.   But law firm Oon & Bazul LLP offer…


 In 2015, the shares of Indonesia's largest cab company were soaring, while its revenue reached a record high. Then came Uber, followed by Grab and Gojek, South-east Asia's answer to the revolutionary ride-hailing app. Competition from the technology titans wiped out US$1.7 billion, or almost 80 per cent, of PT Blue Bird's market value from a peak. Revenue plunged 23 per cent in three years and the latest quarterly earnings fell to a record …


When Finance Minister Heng Swee Keat announced a doubling of the diesel tax to 20 cents a litre earlier this year, there was a small outcry. Fleet owners pointed out that there were no ready alternatives to diesel models, especially for heavy vehicles. That is actually not true, as PSA Corp is buying 200 liquefied natural gas (LNG) trucks, representing 15 per cent of its truck fleet......


Indonesian investigators have found that design and oversight lapses played a key role in the fatal crash of a Boeing Co's 737 MAX jet in October, the Wall Street Journal reported on Sunday (Sep 22). The draft conclusions, which is expected to be the first formal government finding that the design and US regulatory approval were flawed, also identifies a string of pilot errors and maintenance mistakes as causal factors of the Lion Air c…


They say a number of factors stand in the way of brokerage CLSA's suggestion that reorganisation could revitalise Republic's equity market COULD a reorganisation of companies under state investment firm Temasek's portfolio revitalise Singapore's equity market? CLSA thinks so in a recent study. But other industry watchers point out obstacles to the brokerage's proposals, which range from the much-discussed...


It is piloting click-and-collect express system that will see its outlets preparing orders for quicker customer pickup The drugstore business might be a traditional one, but the industry is also looking to remake itself to stay relevant. Beauty, health and wellness retailer Watsons, which is headquartered in Hong Kong, aims to transform itself by offering offline and online channels to consumers to keep their loyalty..................


The new vehicles will be equipped with screens displaying speed and how much electricity is in the tank as well as a 3D mapping system Thailand’s ubiquitous tuk-tuks, the loud and colourful three-wheeled taxis, are due for a cutting-edge makeover to help push to local industry into the future. Commencing in November 2019, a public-private partnership will test the nation’s first self-driving tuk-tuk in an effort to nudge Tha…


The partnership will drive and enhance research and innovation across all sectors and build S&T capacities in the Philippines The Department of Science and Technology signed a Memorandum of Understanding (MOU) with the US-ASEAN Business Council (US-ABC) to promote the development and implementation of science, technology and innovation initiatives of the government in the private sector. According to a recent press release, the MOU betwe…


Solar tech projects remain positive and will likely accelerate growth in the market over the coming years An expert noted that while a lower bid price for developers suggests that the scope for any margin of error, such as project implementation delays, could adversely hit project economics, it was emphasised that Malaysia has a relatively favourable investment environment with low political, economic and operating risks compared to regional peer…


Globe Telecom Inc. continues to provide more school communities quality access to the internet through GoWiFi, as it sealed a partnership with the Philippine Normal University (PNU) and the Philippine Women’s University (PWU). GoWiFi, the country’s largest WiFi service, will be available within the campuses within the year. By having GoWiFi available inside these educational institutions, Globe said students and teachers alike would b…


Busuanga Island Electric Cooperative Inc. (BISELCO) has inaugurated the country’s first off-grid smart solar network that can provide 24/7 power to 62 households in the Palawan town. Considered to be the first of its kind in the country, the project was done in partnership with the Association of Isolated Electric Cooperatives Inc. (AIEC), Island Light and Water Energy Development Corp. (ILAW), One Renewable Energy Enterprise Inc. (OREEI), …


Da Nang will connect with more countries around the world as new flights are launched to more destinations from the central cityDirect and charters flights will operate connecting Da Nang with the Republic of Korea, Jakarta (Indonesia), Phnom Penh (Cambodia), Haneda (Japan), Taiwan, India, Australia and Russia from next year.Deputy Director of the city’s Tourism Department Truong Thi Hong Hanh said Russian Anex Tourism Group …


Speakers at Vietnam Reform and Development Forum (VRDF) 2019 suggested calling for more investment into tech startups to leverage innovation and overcome the middle-income trap, entering a new stage of development In the framework of Vietnam Reform Development Forum (VRDF) 2019, international experts shared experiences from other countries which overcame the middle-income trap successfully, particularly drawing on the wellspring of South Korea's …


E-commerce in Việt Nam is growing, however many individuals and businesses are taking advantage of online platforms to sell poor quality and fake goods, harming customers and causing lost tax revenues. The statement was made by Đàm Thanh Thế, Chief of the Standing Office of National Steering Committee 389, at a conference held in Hà Nội on Thursday. Thế said authorities had not been able to control fraud on such platforms a…


The Vietnamese air freight market has seen remarkable growth in recent years and the momentum is expected to continue, the 4th International Conference and Exhibition on Air Freight Logistics Vietnam heard in HCM City on September 20.Tran Thanh Hai, deputy director of the Ministry of Industry and Trade’s import-export department, said along with the country’s economy, the aviation industry, especially logistics, too has…


2019-09-22

Suntec, Singapore FUTR Economy Conference | ASIA Summit |  SG:D Industry Day FUTR is Asia's only Summit focused on fresh thinking and progressive change in the future of retail, marketing and commerce. Our attendees have told us it is "the ONLY Retail and Marketing event they attend all year." FUTR is the annual gathering of brands and retailers across Digital, Marketing, Ecommerce, Retail, Innovation and Customer Experience, that want …


Co-working spaces in Singapore may be in hot demand but the arena is dominated by the big boys The demand for co-office spaces continues to grow and has, in fact, tripled in space consumption since 2015. It's no wonder that co-working spaces have the reputation as the Grab of the office sector. If you're investing in commercial space, here's what to take note of.  WHAT’S HAPPENING IN THE CO-WORKING SCENE?   In 2015,…


2019-09-22

Presented by SGInnovate and UNDP Technology and Sustainability Creating Impact with Sustainable Finance In strengthening Singapore’s sustainable investment ecosystem, we need to establish Singapore as a node for Global Sustainable Finance, and consider the element of impact measurement within incubators/accelerators. Date: 27 September 2019, FridayTime: 4:00pm – 6:00pmVenue: 32 Carpenter Street, Singapore 059911 Speaker…


Les Amis's Sebastien Lepinoy recounts the long and tough journey to get to the top of the Michelin food chain YOU DON'T WANT to play poker with Sebastien Lepinoy. He's a high stakes player - so high that you will break into a sweat at the extent of his wager and his single-minded, laser-point focus that shows you he has no intention of losing. And his gamble has paid off. Big time. On Tuesday night, three years after earning two stars in Singapor…


South-east Asia will be the fastest-growing region for co-location data centres in the next five years, with its market size expanding at a compound annual growth rate (CAGR) of 13 per cent between this year and 2024. The uptrend is underpinned by the rapid pace of digitalisation and surge in demand for cloud-based services across the region, which prompted giant companies such as Google, Alibaba Group and Amazon Web Services to expand their clou…


Tribe Accelerator, a blockchain accelerator backed by Enterprise Singapore, announced the onboarding of new partners to its program. Despite having launched only last year Tribe Accelerator has already garnered the support of multiple government and corporate partners, including AXA, BMW Group Asia, Intel, IMDA, Nielsen, PwC, and Temasek. This list of enterprise partners will be complemented by IBM, Citibank and Ubisoft, as they come on board aft…


2019-09-22

29 Sep Nanyang Auditorium NTU - Singapore TEDxNTU TED is a group of the world’s most creative and inspiring thinkers. By forming a similar community at Nanyang Technological University, we hope to congregate innovative and socially conscious students and guests who are committed to bring a positive change in the society for better. Through the event, we wish to expose potential change-makers in the NTU community to innovative speakers …


Carro, Southeast Asia’s largest automotive marketplace, has invested US$30 million into Malaysia-based car bidding platform myTukar to digitise the local used car dealer industry. Through this strategic investment, Carro’s technology will power myTukar to digitally enable the traditional used car dealerships across Malaysia, boost inter-city car sales and help local businesses grow. "Malaysia is one of the leading automotive markets a…


Petroliam Nasional Bhd (Petronas) president and chief executive officer Tan Sri Wan Zulkiflee Wan Ariffin will be visiting Abu Dhabi next month to form a joint working committee to explore viable commercial opportunity with Abu Dhabi National Oil Company (Adnoc). This confirms a NST Business report of a maiden collaboration between the two oil giants. “We are looking at opportunities for the time being. Next month, I am going to Abu Dhabi a…


Advanced technology applications have a combined B28.7bn in value The Board of Investment (BoI) yesterday approved investment applications for four large-scale projects worth a combined 28.7 billion baht. Duangjai Asawachintachit, secretary-general of the BoI, said the four projects fall into the government's targeted advanced technology industries. The projects include a polycarbonate resin production project worth 18.5 billion baht at Asia Indu…


The Finance Ministry estimates that more than 100 billion baht is needed to fund a strategy of sustainable development for the rural economy to thoroughly cover 30 million poor people in the segment. The ministry will hold a meeting with related agencies, including the Bank for Agriculture and Agricultural Cooperatives (BAAC), Government Savings Bank (GSB), and the Industry and Energy ministries to push measures to help the needy, said finance pe…