Market research firm Canalys has named Indonesia as the fastest growing market for smartphones in Southeast Asia. Quite frankly, this should not come as any surprise considering the fact that Indonesia has the largest population in Southeast Asia and one of the largest populations in the world.
In 2017, when speaking about the drop in his country’s tourism sector, an unnamed government official suggested that Lao PDR should put more effort into attracting tourists from Muslim countries in the region.
The Malaysian Dutch Business Council (MDBC) recently became the second Dutch chamber in the world to join the NLinBusiness network and receive worldwide recognition for its efforts to promote Dutch businesses in Malaysia.
In December, it was revealed that the government of Thailand had passed a bill that it hoped would ensure more effective tax collection, especially from e-commerce businesses.
Singapore has attracted high-tech manufacturers with incentives and a well-educated workforce, but growing demand for highly skilled labour, combined with limits on numbers of foreign workers may mean a tougher path ahead.
Asian shares climbed and United States (US) equity futures fluctuated as investors prepared for news on pivotal US-China trade talks, with tariff hikes set to kick in today. The yuan remains near its weakest since January.
Boosted by the fastest growing middle class in Southeast Asia, Vietnam’s travel industry has seen phenomenal growth which has led to Vietnamese airlines launching direct flights to the United States (US) for the first time.
The State of Global Islamic Economy Report 2018/2019 states that fashion consumption among Muslims across the world is currently valued at US$270 billion and is projected to continue to increase at a growth rate of five percent. By 2023, the consumption will be worth US$361 billion.
The first image that usually springs to mind when someone mentions any Southeast Asian capital is congested roads filled with honking cars and motorcycles. Congested roads have become synonymous with Southeast Asia, and that is not going to change anytime soon.
Labour rights violations in ASEAN are among the negative effects of an increase in production due to the ongoing United States (US)-China trade war which has resulted in a shift of some production from China to this part of the world. While the region is embarking on the Fourth Industrial Revolution, numerous industries in ASEAN still rely on labour-intensive factories.
Several challenges lie ahead for Malaysia if the former global tin leader is to revive the industry. Speaking to local media last week, Malaysia’s Minister of Water, Land and Natural Resources, Dr Xavier Jayakumar, said the country is looking to restart the industry as prices have now rebounded to US$20,000 per metric tonne.
However, it is not as simple as that.