Chinese carmaker Geely to acquire Malaysia’s Proton Chinese automaker Geely has agreed to buy struggling Malaysian manufacturer Proton from DRB-Hicom, according to a statement issued on Wednesday (May 24). – Channel NewsAsia Report: Nuclear power plant in Malaysia by 2030? Malaysia could have its own nuclear power plant by 2030 to address the high power […]
National Assembly doubtful about 6.7% growth target With economic results in the first four months of the year below the average performance in previous years as reported by the Government, the National Assembly (NA) is afraid that GDP growth in 2017 can hardly meet the 6.7% target. The NA Economic Committee tentatively put GDP growth […]
Charoen Pokphand Sets Aside Rp 1.1t for Capex, Acquires 7-Eleven Charoen Pokphand Indonesia, a local unit of the Thai conglomerate, has set aside Rp 1.1 trillion — around $82.5 million — for capital expenditure this year to add production facilities and repair maintenance utilities, the company’s president director said on Tuesday (23/05). – Jakarta Globe […]
Path to EU widened for Vietnamese garments-textiles Vietnam’s garment-textile sector is expected to expand its markets once the Vietnam-EU Free Trade Agreement (EVFTA) comes into force in early 2018, reducing tax on Vietnamese garments and textiles exported the EU to zero percent over the next seven years. – VietnamPlus/ VNA Bad debts at 7 billion […]
‘FDI this year to exceed last year’s RM41 billion’ The value of foreign direct investment (FDI) in Malaysia this year is expected to surpass last year’s RM41 billion despite the challenging economic climate, Najib Razak said. – FMT/ Bernama Selangor contributed nearly half of new jobs in Malaysia from 2014-2016 -Selangor’s 305,300 new jobs from […]
AIS projecting 5% revenue growth for 2017 Thailand’s AIS is projecting a 5% increase in revenue and a 44% growth in ebitda this year as a result of strong growth in 4G customers. – Telecomasia.net Retail sales rise but picture clouded SALES AT big retailers and chain-store operators jumped 3.02 per cent in the first […]
Malaysia keeping its options open on Trans-Pacific Partnership The Ministry of International Trade and Industry said Malaysia is keeping its options open on the Trans-Pacific Partnership (TPP), following the first meet of all TPP ministers bar the United States, in which they decided to keep talks alive despite differing views. – The Sun Daily New […]
Vietnam, Indonesia seek to achieve 10 billion USD trade Vietnam and Indonesia should actively prepare for the 7th session of the Joint Committee on Economic, Scientific and Technological Cooperation to seek more ways to achieve a trade value of 10 billion USD as set. – VietnamPlus Việt Nam urges Australia to ease shrimp trade ban […]
Increasing productivity to drive competitive dairy industry in Myanmar MYANMAR’S dairy industry will remain uncompetitive if the nation fails to address low productivity of raw milk driven by poor genetics and low production technology, said Dumrong Leenanuruksa, a former vice president of Maejo University in Chiang Mai who carried out comprehensive research on the competitiveness […]
FOMM to make EVs in new Thai plant Japan’s FOMM Corporation is scheduled to start the construction of its assembly plant for its compact electric vehicles (EVs) at Amata Nakorn Industrial Estate this year, with production expected to kick off by June next year. – Bangkok Post Three Years After Coup, Thailand Plagued by Lackluster […]
Nam Ngiep 1 Project Starts Impounding Water Nam Ngiep 1 Hydropower Project (NNP1) commenced impounding water in its re-regulation reservoir on 15th May 2017, with electricity generation scheduled to start before the mandated date in early 2019 after all electrical and mechanical installation is completed and the 115 kV transmission line is built by Electricité […]
New Voter Registration Procedure Could Disenfranchise 300,000 Cambodians: Analysts More than 300,000 Cambodians may not be able to vote in next month’s commune elections because they do not possess identification cards required for casting a ballot under a new legal procedure put in place by the country’s election commission, election observers and analysts said on […]
Worry dogs last Pak Bang Dam forum LOCAL PEOPLE along the Mekong River in Thailand have expressed concerns over the Pak Bang Dam in Laos and urged the Lao government to reconsider the project amid worries it could cause major flooding in Chiang Rai and destroy people’s livelihoods. – The Nation NA approves measures on […]
Shares sink on investor sentiment Shares fell on both local exchanges on May 18, as investor confidence was weakened by negative global market trends and investors continued to seek short-term profits. VietnamPlus/ VNA European businesses unhappy with tax authorities’ handling of filing errors How to improve the business environment in Viet Nam with respect to […]
Celcom, Ericsson bring 5G to Malaysia The nation’s telecommunication technology is set to evolve into a whole new level when Celcom Axiata Bhd and Ericsson yesterday performed Malaysia’s first 5G trial. – Borneo Post/ Bernama Fonterra reopens Malaysian milk powder plant Fonterra has reopened its milk powder manufacturing plant in Malaysia following a NZ$7m (US$4.8m) […]