Markets

ASEAN’s growing demand for medical devices

Southeast Asia may have a burgeoning youth (15-34 years) population that’s expected to peak at around 220 million in 2038, up from 213 million in 2017. However, the region’s demographic clock continues to tick as the existing population continues to age. A rapidly ageing population within the Association of Southeast Asian Nations (ASEAN) member states will spur the demand for healthcare.

3 August 2018
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Apple valued at US$1 trillion

Apple – the culture-changing company behind the iPod, iPhone and iPad – hit another milestone on Thursday, becoming the first private-sector company to surpass US$1 trillion in market value.Shares of Apple finished the formal Wall Street trading day at US$207.39, topping the magic number two days after the California tech giant reported strong quarterly earnings.The landmark is the latest victory for Tim Cook, who faced scepticism when he took over as chief executive in 2011 from ailing iconi

3 August 2018
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New airline to join Vietnam's congested skies

Vietnam’s skies are about to get more crowded.With state-owned Vietnam Airlines JSC and budget carrier Vietjet Aviation JSC serving one of the world’s busiest routes, property developer FLC Group JSC wants a piece of the action with a new airline, operating 37 routes in the country after its inaugural flight in October.Called Bamboo Airways, the new airline still needs a government aviation license before operating and is seeking to capitalize on the nation’s growing middle class and rapidly

1 August 2018
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Can the TRAIN bill save the Philippines?

This month marks the third year of Rodrigo Duterte’s presidency. His presidency has been controversial to say the least, from being marred with criticisms from international institutions for his war on drugs to his various public outbursts. Most recently, the Filipino president called God “stupid” and vowed to resign if anyone could prove that God existed.His penchant for outrageous headlines however has stolen the spotlight from his economic reforms, dubbed “DuterteNomics”.

31 July 2018
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Vietnam goes for eco-shrimp

Shrimp is a popular seafood around the world. The European Union (EU), United States (US) and Vietnam were the world’s largest shrimp importers in 2016. Vietnam also happens to be the third highest exporter of shrimp.Shrimp exports were so profitable that many small rice farmers in the Mekong Delta switched to shrimp farming some 15 years ago.

28 July 2018
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Jokowi pushes tourism as funds flee Indonesia

As foreign funds continue to dump Indonesian stocks and bonds, President Joko Widodo is chasing dollars from tourism and exports to help contain a widening current-account deficit.Widodo, known as Jokowi, ordered ministers, officials and central bankers on Thursday to step up efforts to lure more foreign visitors into the pristine sand beaches dotting hundreds of islands across the archipelago.

28 July 2018
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Alleviating poverty with microfinancing

Much has been written about the importance of financial inclusion for rural communities in Cambodia, Lao PDR, Myanmar and Vietnam. The benefits are obvious even to armchair economists.

27 July 2018
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Tapping into digital consumers for greater business opportunities

Southeast Asia continues to be urbanising at a rapid pace. Alongside this phenomenal growth, a younger and increasingly wealthier urban consumer base with bigger spending power has been steadily growing. This growth is set to boost the online consumer sector even more as the rapid use of technology is poised to add another facet to how citizens in the region shop.

24 July 2018
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ASEAN comes clean with public toilets

When Western tourists first arrive in the Far East, one of the culture shocks they encounter lies on the other end of local cuisine: the public toilets. It is a make-or-break experience that may soil their view of the country and impact future travellers. ASEAN is determined that this be a positive one.

22 July 2018
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Malaysia cuts growth projection

Malaysia’s Finance Minister Lim Guan Eng pared back expectations for economic growth for this year to about five percent as the export-reliant nation braces for knock-on effects of a brewing trade war.“If the global economy slows, as a trading nation, definitely Malaysia will be impacted,” Lim said in an interview on Thursday.

21 July 2018
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Lao PDR: Southeast Asia’s factory

Until 1953, Lao PDR was a French colony. Following a successful overthrow of the country’s monarchy in the mid-seventies by communist forces, Lao PDR then spent years in isolation. After the fall of the Berlin Wall in 1989, this small landlocked nation soon began opening its doors to the rest of the world.

20 July 2018
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Google fined record US$5 billion by EU

Google was fined 4.3 billion euros (US$5 billion) by the European Union (EU) and ordered to change the way it puts search and web browser apps on Android mobile devices, setting a global record for antitrust penalties.The penalty - the same amount the Netherlands contributes to the EU budget every year - is far higher than any other dished out by the United States (US), Chinese or other antitrust authorities.

19 July 2018
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