[BANGKOK] WHA Corp, Thailand’s top industrial estate and warehouse developer, targets a 20 per cent revenue growth this year on higher government spending on infrastructure, foreign investment and a growing e-commerce market, its chief executive said on Wednesday. The company is also set to benefit from tax incentives that its customers receive on the Eastern […]
Grab makes takeover bid for Uber’s Southeast Asia operations, including Vietnam: reports
February 21, 2018 by
Uber has been unable to turn a profit in Asian markets, making it a prime target for rivals. Southeast Asian ride-hailing firm Grab has been in talks with rival Uber to acquire its regional operations in a bid to tighten its grip on the rapidly growing shared transportation sector, Kr-Asia quoted people familiar with the […]
Myanmar’s mobile money services poised for expansion
February 16, 2018 by
THE rapid increase in the ranks of smartphone users in Myanmar is providing opportunities for the marketing of mobile money services in the country, a forum has heard. Stephen Swan, head of product and digital at Wave Money Myanmar, which provides the nation’s leading mobile wallet, said mobile penetration rates in Myanmar had exceeded all […]
Businesses demand quicker reforms, policy clarity in 2018
January 2, 2018 by
After a somewhat “disappointing” 2017 for the private sector, during which key economic legislation failed to take shape as expected, leading businessmen and chambers of commerce have urged Nay Pyi Taw to be more decisive and efficient in implementing reform in 2018. Moving forward, the business community wants to see stronger leadership and direction from […]
Bracing for competition
October 10, 2017 by
IF your father were a tycoon and founder of numerous thriving businesses, it would seem a no-brainer to join him at the helm. But that prospect was not a straightforward decision for Melvyn Pun, son of Serge Pun and chief executive of Yoma Strategic Holdings. With his stellar career of 12 years at Goldman Sachs […]
UOB puts focus on Asean investment
September 12, 2017 by
UNITED OVERSEAS BANK (UOB), one of the largest Asian banks, is actively engaged in bringing foreign investors to Thailand, particularly the flagship investment project in the Eastern Economic Corridor, according to its chief executive. Asked which Asean countries were now the most attractive for foreign direct investment in the eyes of UOB, Choon Hin Tan, […]
Myanmar Strategic Holdings plans further Myanmar expansion with London Stock Exchange float
August 18, 2017 by
A company making its debut on the London Stock Exchange today has said it is targeting expansion in Myanmar’s fast-growing consumer sector. Myanmar Strategic Holdings (MSH) is aiming to raise $4.3m (£3.3m) on its admission to the London market which it has announced today, as it targets growing its portfolio to 20 locations in the […]
Uber Stuck in Neutral Under Hong Kong Taxi Regime
August 18, 2017 by
HONG KONG — Uber Technologies’ ride-hailing service is stalling in Hong Kong, cut off by taxi interests that wield heavy influence in local politics. Law enforcement authorities in May arrested 22 Uber drivers on suspicion of operating without a taxi license or auto insurance. “Some companies … hope they can run their businesses and not […]
