South East Asia

Date

As the country tries to drum up interest in high-tech agriculture, overseas investors preferring to invest in the sector via mergers and acquisitions are hoping to receive adequate support from state authorities, instead of purely waiting for changes in regulations....


Hà Nội’s Department of Agriculture and Rural Development has been supporting farmers, cooperatives, and enterprises to promote the consumption of farming products via modern distribution channels in the context of the COVID-19 pandemic. Deputy director of the department Nguyễn Ngọc Sơn said that, to expand the agricultural product market, the department has strengthened the connection between Hà Nội and other province…


Container goods shipped via Vietnam’s seaports still maintained growth in the first half of this year despite the COVID-19 pandemic, said the Vietnam Maritime Administration (VMA). Specifically, the total volume of goods via seaports reached nearly 363 million tonnes in the first six months, up 7 percent annually. In particular, the volume of container cargo grew by 22 percent year-on-year to more than 12.4 million TEUs.…


Globe Telecom Inc. has partnered with PhilTower Consortium Inc. to put up 500 new cell sites this year in its bid to give its subscribers “better, reliable, and accessible connectivity in the new normal.”...


THE PHILIPPINES slipped seven spots in an annual global competitiveness report, the steepest decline in Asia after its economic performance slumped amid the coronavirus disease 2019 (COVID-19) pandemic. Switzerland-based business school International Institute for Management Development’s (IMD) 2021 World Competitiveness Report ranked the Philippines 52nd out of 64 countries, down seven spots from 45th last year. This year&rs…


AC Energy Corp. is getting out of the biomass energy business in Visayas to focus more on expanding its solar and wind power operations. In a disclosure to the stock exchange on Friday, the power unit of conglomerate Ayala Corp. said Negros Island Biomass Holdings Inc. (NIBH) is divesting its shares in three biomass-fired power plants in Visayas....


To tackle a budget deficit exacerbated by the coronavirus pandemic, the government wants to increase state revenue with a second tax amnesty program just a few years after the first, but critics fear the move will backfire.This article was published in thejakartapost.com with the title "Second tax amnesty: How is it different from the first?". Click to read: https://www.thejakartapost.com/news/2021/06/17/second-tax-amnesty-how-is-i…


The Indonesia Stock Exchange (IDX) has temporarily halted trading of Garuda Indonesia shares after the national flag carrier failed to make timely coupon payments on its global sukuk. The airline operator announced on Thursday that it would delay payment as the COVD-19 pandemic had impacted its financial condition.This article was published in thejakartapost.com with the title "IDX suspends trading of Garuda Indonesia shares after …


Prime Minister Tan Sri Muhyiddin Yassin has called on Egypt - the largest Malaysian palm oil importer in Africa - to increase future palm oil imports from the country. Muhyiddin also proposed for a Comprehensive Economic Cooperation agreement between both countries, which was well received by Egyptian president Abdel Fattah Al Sisi....


Swiss food and beverage (F&B) behemonth Nestle will be conducting a review of media agencies for its businesses in Malaysia and Singapore. Nestlé, the world's largest F&B manufacturer, has nourished generations of Malaysians and Singaporeans with a strong presence of over 108 years in the market....


IIB Ventures Sdn Bhd (IIB Ventures), a subsidiary of Iskandar Investment Bhd (IIB), has signed a memorandum of understanding (MoU) with Malaysian Technology Development Corporation Sdn Bhd (MTDC) to accelerate the growth of industry revolution (IR) 4.0 in Johor. The MoU includes establishing a robotics centre at Medini Iskandar, intended to develop technopreneurs and talents in robotics and emerging technologies.......


The number of electric vehicles (EVs) in Thailand is expected to reach 1 million in 2028 -- an increase of 24% per year -- with Japanese-made plug-in hybrid electric vehicles (PHEVs) to drive the next generation of cars, says Krungthai Compass, a research house under Krungthai Bank (KTB)....


Prime Minister Prayut Chan-o-cha's controversial goal to reopen virus-battered Thailand within 120 days will help boost business confidence, even if there is a risk of more Covid-19 infections, says the Federation of Thai Industries (FTI).....


Uncertainty means aid measures vital Tourism operators have voiced concerns over delays in vaccinations as this might derail the goal of reopening within 120 days, promised on Wednesday by the prime minister.....


Cambodia generates from $3.5 to 4 million a year from the exports of fresh cassava and cassava starch and chips, according to Veng Sakhon, Minister of Agriculture, Forestry, and Fisheries.....


Renewable energy is growing in importance and popularity, EDL-Generation Public Company (EDL-Gen), with over 50 years’ experience working in clean power supply in Lao People’s Democratic Republic (Lao PDR) with state-owned Électricité du Laos, before its separation and subsequent incorporation in 2010, is striding to boost its capital fund from independent power producers (IPP) offshore under its generation capacity expa…


The Republic of Korea has provided a total of $13.4 million  to support the agricultural sector in Cambodia. The project is divided into three major sections and  will run until 2027....


2021-06-18

Robots could soon have ‘skin’ so sensitive it can detect a flower petal or a grain of rice. Researchers from NTU Singapore have invented a pressure sensor that can be ‘printed’ onto flexible material such as paper or plastic film, and which are 100 times more sensitive than existing commercial sensors.  A working prototype of the sensor has been integrated into a robotic hand that is capable of gripping deli…


Apple suppliers in Vietnam, already on the increase since the US-China trade war kicked off, are continuing to bulk up operations here with added funding and heightened relocation efforts. Pegatron, a major Apple manufacturer with facilities across the globe, last Monday got the nod from Taiwanese leaders to inject an additional $101 million into Vietnam. The group had already announced plans to invest up to $1 billion into the country.....


Another batch of ‘thiều’ lychee from the northern province of Hải Dương will be shipped to France this week thanks to swift consumption of the fruit in the European country. France decided to speed up import procedures ahead of schedule to meet local demand, two batches containing nearly one tonne of lychees each have been flown to France within just one week....


The PetroVietnam Gas Trading Company (PV GAS Trading) received a batch of 46,000 tonnes of refrigerated liquefied petroleum gas (LPG) from Saudi Aramco in early June, making it the first direct customer of the Saudi Arabian public petroleum and natural gas company in Vietnam.The batch worth some 560 billion VND (24.06 million USD) resulted from a decade of exchanging, seeking opportunities, and building trust for cooperation b…


The Philippines reaffirmed its commitment to expand trade and investment ties with Switzerland and deepen cooperation in clean techology and renewable energy, infrastructure, life sciences and digital healthcare sectors. The Department of Trade and Industry made the commitment ahead of the fourth Joint Economic Commission (JEC) to be held this week.....


The Philippine Stock Exchange (PSE) has announced a leaner top management team come July as it seeks a fresh start in the aftermath of a multimillion-peso equity market scandal. The PSE is left with just 14 nominees for its supposed 15-man board of directors after incumbent director Eusebio Tanco withdrew on Wednesday his candidacy for another term.....


Digital financial services platform PayMaya has expanded its mobile shopping offers under its PayMaya Mall feature that will cover more than 350 brands.....


THE DEPARTMENT of Finance (DoF) said it prefers the adoption of an intensity-based carbon emissions trading scheme (ETS) over an outright carbon tax, as the Philippines seeks to adopt a policy response to climate change. DoF Assistant Secretary and Spokesperson Paola Sherina A. Alvarez told BusinessWorld that based on a study conducted with the World Bank, an intensity-based ETS is the more suitable option of carbon pricing instrument (…


Businesses all over the globe are turning more optimistic as the world recovers from the impact of the pandemic, with downside risks becoming less and less, an international think tank said. Based on the June round of the Global Risk Survey of UK-based Oxford Economics, business sentiment has significantly improved and a sharp economic recovery is now highly likely, with downside risks already at the lowest levels....


Singapore has tumbled from its top spot as the world's most competitive economy to fifth place, but remains Asia's top performing economy. The Republic ranked first in the past two years of the Institute for Management Development (IMD) World Competitiveness Ranking, whose latest list was released on Thursday (June 17)....


Talk about “local spirit”. Ashwin Sekaran's Singapore Distillery boasts gin flavours made with pandan, different types of lime – and even ones that are inspired by the Singapore Sling and bandung. How would you define a Singapore-made gin? For new-kid-on-the-block micro-distiller Ashwin Sekaran, it’s all about “showcasing the amazing Asian herbs and spices that can be easily found here”.....


Firms with inadequate risk management protocols may find their cover reduced or withdrawn altogether, particularly in terms of ransomware risk   THE onslaught of cyber attacks, as Covid-19 intensified digitalisation and offices embraced remote working, is taking a toll on the cyber insurance market. According to sources, insurers are tightening capacity for cyber cover in Singapore and the rest of Asia, in line...


winding-up application has been filed against Park Hotel Management, which until recently owned Singapore-based Park Hotel Group, a hospitality company with nearly 30 hotels and resorts across Asia.   ST understands that the issue behind the application, which was advertised in The Straits Times on June 16, involves alleged unpaid rent and Grand Park Orchard hotel in Orchard Road, although the specifics are unclear.... 


Japanese investors have poured billions of dollars to purchase stakes at Vietnamese businesses over the past decade. As of May 2021, Japan was the second-largest foreign investor in Vietnam with the total registered capital of $63 billion. Japanese investors have also been actively contributing capital and share purchases to Vietnamese firms in various fields such as retail, food and beverage, pharmaceutical, real estate, and finance.....


 The Hanoi People’s Committee has approved the outline for the capital city’s housing development programme for 2021-2030, with vision to 2040. Accordingly, the authorities will conduct surveys and assessments regarding the current situation of commercial housing, social housing, resettlement housing, official residence and private housing in urban and rural areas. It will set goals for housing development and make forecasts…


A webinar on boosting business-to-business (B2B) transactions between Vietnam and Venezuela took place on June 16 in a bid to deepen the bilateral ties toward effectiveness.The Embassy of Vietnam in Venezuela together with the Venezuela-Vietnam Chamber of Commerce (CAVENVIET) co-organised the event.....


Matabungkay has become too popular while Calatagan and Nasugbu have become semi-exclusive. On the other side, Anilao attracts divers, while Masasa, Fortune Island, and Isla Verde are a boat ride away. That leaves Laiya in San Juan, Batangas the most accessible swimming beach for families and friends.....


THE Philippine Chamber of Commerce and Industry (PCCI) and Israel are currently exploring possible areas of cooperation in a bid to help strengthen the Philippine agriculture sector. The PCCI and the Israel Economic and Commercial Mission to the Philippines on Wednesday conducted the Philippines-Israel AgroTech Business Forum and Business to Business Sessions to explore potential business cooperation and joint ventures with Israel's leading agrot…


Globe Telecom Inc.’s venture builder subsidiary will develop more digital solutions for seven industries, which it believes are “ripe for disruption.” 917 Ventures Managing Director Vince Yamat said the venture builder will prioritize the development of solutions for the following sectors: health technology, advertising technology, loyalty, data, education technology, financial technology, and e-commerce.....


THE Transportation department is expecting to award the project management consultancy services contract of the Mindanao Railway Project (Tagum-Davao-Digos segment) this month, an official said on Wednesday. “Ito pong buwan na ito, tayo po ay umaasa na mai-award na po natin ‘yung kontrata doon po sa ating project management consultant (We are hoping to award the contract to the project management consultant this month),&rdqu…


PAL Holdings Inc., the listed operator of flag carrier Philippine Airlines, widened its losses to a record P73 billion in 2020, as the pandemic brings the entire aviation industry on its knees. The results, reported by the company to the stock exchange on Thursday, was larger by 150% year-on-year, marking the fourth consecutive year in the red. It would likely be a long haul to recovery after net losses amounted to P8.6 billion in the first …


ABOUT 76 per cent of Singaporeans are unsatisfied with generic credit offers from their bank, with many seeking preferential pricing solutions and faster access to funds. About one in four Singaporeans are "very willing" to disclose more financial information for better interest rates or lower fees, while more than half of Singaporeans are somewhat willing to do so, according to a recent survey by global analytics software firm FICO.....


Singapore's labour market continued its recovery in the first quarter, with total employment growing for the first time since the start of the Covid-19 pandemic. A report by the Ministry of Manpower (MOM) on Thursday (June 17) showed that the total employment, excluding foreign domestic workers, rose by 12,200 in the first three months of the year, after four consecutive quarters of decline. This far surpassed the preliminary estimate of 4,800 re…


The World Bank said Indonesia should keep its monetary policy accommodative and make the rupiah exchange rate flexible amid external pressure, according to a report issued on Thursday, ahead of a central bank policy review. The report was released after the Federal Reserve said at its monetary policy meeting it would begin closing the door on its pandemic-driven policy. Previous talk of U.S. tapering triggered capital outflows and weighed on Indo…


Indonesia Investment Authority (INA), a recently founded sovereign wealth fund, has expressed interest in start-ups in an apparent move to capitalize on rapid growth in the tech industry. INA chief executive officer Ridha Wirakusumah said investment in the digital economy would broaden INA’s portfolio beyond infrastructure.This article was published in thejakartapost.com with the title "Indonesia's new wealth fund keen to invest i…


Thailand looks set to ask Vietnam to review its punitive measures on Thai sugar and open a new investigation next year after Vietnam ruled to impose an anti-dumping (AD) levy of 47.64% on some sugar products from Thailand.....


CCSA says sandbox is only for foreigners As vaccinations gather pace in many countries, the global tourism industry is starting to see a glimmer of hope as leading destinations start to gradually remove mandatory quarantine and ease travel regulations. However, these attempts are no beds of roses as some countries have yet to find the right formula as seen in the prelude to the Phuket sandbox scheme slated for next month.....


Techbond Group Bhd's (TGB) new upstream polymerization plant in Vietnam has commenced production of base material, polyvinyl acetate (PVAc) polymer, the raw material used by TGB to manufacture industrial adhesives. The production commencement at the Vietnam-Singapore Industrial Park II (VSIP II) will enable TGB to achieve cost savings through reduced transportation of raw materials from third-party suppliers.....


Seni Jaya Corporation Bhd (SJCB) has identified programmatic digital out-of-home (PDOH) advertising as one of its key strategies to adapt to the rapidly changing landscape of the advertising industry. SJCB will be utilising a home-grown system ENOMAD, Malaysia's first PDOH network system, provides digital car-top PDOH advertising through a partnership with a prominent regional e-hailing firm....


The new Mukah Airport in Sarawak has opened today, following a successful operational readiness and airport transfer trial last month.  The RM300million airport would replace all the functions of the previous Mukah short take-off and landing air strip (STOLport), said Malaysia Airports Holdings Bhd.


RHB Bank (Cambodia) Plc. and Credit Guarantee Corporation of Cambodia Plc. (CGCC) held a signing ceremony to seal a new partnership between both parties at the RHB Bank’s Cambodian corporate head office.....