Markets

The future of Southeast Asian cars is electric

The first image that usually springs to mind when someone mentions any Southeast Asian capital is that of 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.According to the latest data, vehicle sales in Southeast Asia is set to outpace all other regions in the world.

2 February 2019
0

Can VinFast boost Vietnam’s automotive market?

In June 2017, Vingroup, a Vietnamese conglomerate focusing on real estate development, retail, mobile and various services decided to diversify its business and launch Vietnam’s first domestic car manufacturer, VinFast. Not long after, in September 2017, VinFast opened its first manufacturing complex worth US$1.5 billion in the northern port city of Hai Phong, officiated by Nguyen Xuan Phuc, the Vietnamese Prime Minister himself.

30 January 2019
0

Making Cambodians more competitive

The European Institute of Business Administration’s (INSEAD) 2019 Global Talent Competitiveness Index (GTCI) report, released earlier this month, revealed that Cambodia had managed to move up one notch in the rankings as a country for attracting and growing talent. This means the Kingdom moved from 108th to 107th in the talent ranking.

29 January 2019
0

Making Vietnam’s textile industry sustainable

The Vietnam Textile and Apparel Association (VITAS) and World Wildlife Fund (WWF) Vietnam are collaborating to transform Vietnam’s bourgeoning textile and apparel industry into a more sustainable one. The project was launched this month and will be carried out from 2018 to 2020.

27 January 2019
0

Malaysian automotive sector on the rise

For the past few years Malaysia’s automotive sector has proven itself to be one of Malaysia’s key industries. Figures from last year reveal that the sector played a significant role in the country’s economy, contributing 4.2 percent to the country’s total gross domestic product (GDP). On its own, the automotive sector continues to improve, demonstrating growth in many segments within the sector.

21 January 2019
0

Vietnam pitches itself as an investor safe haven

A red-hot economy, business-friendly policies and a Communist party led by free-traders: that’s the elevator pitch Vietnamese Prime Minister Nguyen Xuan Phuc is delivering to global investors amid the United States (US)-China trade war.“We are ready to grab the opportunity,” Phuc said in an interview, a few days before departing this week to the World Economic Forum in Davos, Switzerland.Vietnam is quietly positioning itself as a safe haven for manufacturers wary of getting caught in the cros

21 January 2019
0

Is F1 the right fit for Vietnam?

Come April 2020, Vietnam will become the third country in ASEAN to host a Formula 1 Grand Prix – a major status symbol for the Communist state.

20 January 2019
0

Good fortunes in ASEAN’s financial services

Over the past decade, the financial services sector in Southeast Asia has seen growth that is nothing short of impressive. A more integrated approach in this sector has facilitated great strides in economic prosperity, with an increase in the region’s gross domestic product (GDP) standing as a testament to the methodical planning among ASEAN member countries.

19 January 2019
0

Asian markets boosted by China-US trade hopes

Asian markets rallied Friday as another broadly positive week drew to a close, with investors cheered by a report that the United States (US) was considering lifting tariffs on China as officials look to hammer out a trade deal.Optimism that the world's top two economies are on course to reach a deal ending their long-running trade row has helped boost equities across the world this year.And while news that the US was carrying out a criminal probe into Chinese tech giant Huawei caused a

18 January 2019
0

Supply chain shift to ASEAN

The relocation of production bases from China to ASEAN is perhaps the most notable benefit of the ongoing US-China trade war for the region.

17 January 2019
0

ASEAN scores strongly on Muslim travel index

Three ASEAN countries finished in the top-10 of last year’s Mastercard-CrescentRating Global Muslim Travel Index (GMTI) 2018 in a strong acknowledgement of the region’s reputation as an Islamic tourism hub. Malaysia topped the index for the eighth straight year, finishing ahead of Indonesia and the United Arab Emirates and cementing its position in the global Islamic tourism market.

14 January 2019
0