When talking about gambling in Asia, the first place that usually springs to mind is Macau – also dubbed the Monte Carlo of the Orient – and it is with good reason. Often regarded as the gambling capital of the world, taxes from its casinos make up over 80 percent of the government’s revenue.
Thailand’s Eastern Economic Corridor (EEC) is slated to become an arterial node for trade, investment, and regional transportation, besides also serving as a strategic gateway to the Southeast Asian region.
Ever since the advent of the internet and the proliferation of smartphones, traditional media such as television and radio no longer have the same kind of mainstream influence as they used to. With growing high-speed internet penetration all over the world, streaming platforms are now raking in the big bucks.
On Tuesday, Malaysian Prime Minister Mahathir Mohamad told reporters he's studying whether to sell, shut down or refinance Malaysia Airlines Bhd., the troubled national carrier. A decision needs to be made soon.
In a vast convention centre in Naypyidaw, Myanmar’s sprawling and eerily empty capital, prospective investors listened politely as local companies pitched opportunities and government officials spoke of the country’s vast economic potential.
Global consulting leader, Mercer’s recent Singapore Employee Engagement Index 2018 made startling conclusions in its report on the city-state when it placed Singapore in second last place for work engagement in the Asia Pacific region.
Air travel across Southeast Asia is growing by around 10 percent a year, with Cambodia, Lao PDR, Myanmar, Thailand and the Philippines all experiencing double-digit expansion rates according to research firm Centre for Asia Pacific Aviation (CAPA).
Thanks to digital transformation and the Fourth Industrial Revolution, it will be possible for the same output from ASEAN's top six economies today to be produced using 28 million fewer workers by 2028.
Tourism is a powerful tool for development. It represents 10 percent of the world’s gross domestic product (GDP) and provides 10 percent of jobs globally. The sector is also interlinked with every other sector in the economy.