From wooing more Russian tourists to boosting trade, Southeast Asian nations are bolstering economic ties with Russia in hopes of curbing inflation and spurring their recovery from the COVID-19 pandemic. The U.S. and European countries have imposed sweeping sanctions on Russia in response to its invasion of Ukraine. But these efforts could be hindered by […]
Cambodia and Myanmar race to become the next apparel manufacturing hub
June 29, 2022 by
Cambodia has become the next popular destination for China’s processing trade business after Vietnam. As China battled a wave of Covid-19 flare-ups over the past few months with strict control measures, the widespread disruption of business operations fueled concerns over an accelerating exodus of manufacturing. From October 2021 to March 2022, China lost around 5% […]
Can Asia Remain the ‘Garment Factory of the World’?
June 26, 2022 by
Bolstering labor productivity in Asia’s garment sector could improve wages, a new International Labour Organization report says, although many issues can influence variables and so inferences regarding this relationship “must be nuanced.” What’s clear, however, is that the so-called “garment factory of the world” is struggling with challenges made more acute by the Covid-19 pandemic, the United Nations […]
MSH to raise investment for Vietnam based franchise
June 4, 2020 by
Myanmar Strategic Holdings (MSH) will be raising $6 million from Belgian PE firm Verlinvest SA and MSH’s largest shareholder, MACAN Pte Ltd, and will use the proceeds to acquire language training service brand Wall Street English franchise in Vietnam in a separate transaction, dealstreetasia reported. MSH said in a statement that it will issue 200,000 […]
Vietnam Eases Border Trade Restrictions With China to Help Virus-Hit Businesses
February 25, 2020 by
HANOI/LANG SON—Vietnam has eased restrictions on cross-border trade with China to prop up economic activities hit by the new coronavirus, the Ministry of Industry and Trade said on Thursday. China is Vietnam’s largest trading partner and the Southeast Asian country’s manufacturing sector relies on it for materials and equipment. China is also Vietnam’s key market […]
Vietnam acts to improve labour productivity
February 14, 2020 by
HANOI (Viet Nam News/ANN) – Vietnam will launch a national programme to improve labour productivity, a critical factor for the middle-income country to enhance its competitiveness and develop. This was highlighted in a directive Prime Minister Nguyen Xuan Phuc issued recently. Labour productivity is a decisive factor for the economy’s and every enterprise’s competitiveness and […]
Coronavirus fears haunt Vietnam and Myanmar border towns
January 31, 2020 by
HANOI/YANGON — Truong Phan cannot tear himself away from news of the coronavirus outbreak for long. “I keep checking the situation every hour,” said the owner of a small trading company in Vietnam’s northern city of Mong Cai, on the border with China. Truong’s family abandoned their plans to cross the border for the Lunar […]
Singapore-Kunming Rail Link (SKRL)
January 3, 2020 by
The Singapore-Kunming Rail Link (SKRL) is a pan-Asian high-speed railway network being developed to connect the countries of Cambodia, Laos, Malaysia, Myanmar, Republic of China, Singapore, Thailand, and Vietnam. The 6,617.5km-long, meter-gauge railway network is being developed with an estimated investment of $15bn, under the ASEAN-Mekong Basin Development Cooperation (AMBDC) which was formed to encourage […]
Philippines Firms Eye ASEAN’s last Frontiers
November 27, 2019 by
PHILIPPINE conglomerates are watching out for opportunities in less developed but fast-growing Association of Southeast Asian Nations (ASEAN) members, drawn by the “unique needs” of these markets. Gross domestic product growth projections of the Asian Development Bank, International Monetary Fund, the World Bank and the ASEAN+3 Macroeconomic Research Office for Cambodia, Laos and Myanmar have […]
Reaching Singapore’s Unicorn Status, Carousell Expands its Presences to eight Markets Through 701Search’s Mergers
November 26, 2019 by
With the merger, Carousell will join forces with 701Search’s marketplaces such as Mudah in Malaysia, Cho Tot in Vietnam, and OneKyat in Myanmar Singaporean online marketplace Carousell announces that it has merged with telecommunications company Telenor Group’s 701Search, and its various marketplaces in different Southeast Asia regions, such as Mudah in Malaysia, Cho Tot in […]
