Markets

Final days for many national airlines

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 2018, the perpetually money-losing airline accounted for about half of the US$1.5 billion in losses suffered by its parent, Khazanah Nasional Bhd., Malaysia's sovereign wealth fund.On purely economic terms, Mahathir’s decision should be easy.

14 March 2019
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Myanmar’s growth slowed by Rohingya crisis

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.Yet in the hallways, conversations drifted toward one topic: A military-led crackdown that drove more than 700,000 Rohingya Muslims from the country, prompting allegations of genocide and threats of renewed economic penalties from the United States (US) an

11 March 2019
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ASEAN’s delicious food is a goldmine

ASEAN countries should do more to promote their cuisine globally via gastrodiplomacy and tap into the vast potential it offers.The practice of promoting a country’s identity, heritage and diversity overseas through its cuisine or “gastrodiplomacy” is an increasingly popular government strategy for diplomacy and branding and can serve several purposes.Its best definition can perhaps be provided by the International Institute of Gastronomy, Culture, Arts and Tourism, an international n

9 March 2019
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Singaporeans are unhappy at work

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.

8 March 2019
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The future of aviation in Southeast Asia

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).This is due to rising consumer affluence thanks to a growing middle class in the region as well as continuous efforts to liberalise air traffic regulations.

6 March 2019
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Lost jobs in the future

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.Digital transformation will disrupt the workforce but its impact has never been truly quantified.

3 March 2019
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Growth in tourism sector under threat

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.

2 March 2019
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Of The “Rude”, “Dangerous” And “Unsafe”

A previous article published by The ASEAN Post on ride-hailing ended with the lingering question on whether some taxi drivers are refusing to change their attitudes even after facing tough competition from ride-hailing services.

27 February 2019
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Can Industry 4.0 revolutionise manufacturing?

Southeast Asia is a region that’s vast developing. It has evolved from an agricultural society to one of the fastest growing regions in the world within the span of a century. One of the main drivers of such growth was due to Southeast Asia’s position as a low-manufacturing hub. This combined with cheap exports, provided the region with the necessary income to develop. However, in the past two decades, the world has seen the meteoric rise of China’s manufacturing industry.

26 February 2019
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Ride-hailing in Malaysia: Driving downhill?

On 26 March 2018, GrabTaxi Holdings Pte. Ltd. (Grab), a technology company that offers ride-hailing, ride sharing, food delivery and logistics services through its mobile app in Southeast Asia; announced that it had acquired its competitor’s (Uber) Southeast Asia operations.

25 February 2019
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Chinese New Year tourism in ASEAN

Several factors have led to an unprecedented boom in the Chinese outbound tourism sector and this especially includes rising incomes in China. According to the United Nations World Tourism Organization (UNWTO), 131 million overseas trips were made by Chinese people in 2017.

22 February 2019
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