by Teuvo Tuomi | Nov 27, 2022 | Business, ASEAN, Southeast Asia, Vietnam, Visions
It’s been an unexpected and very peculiar year in Vietnam. In 2022 the stock market of Asia’s fastest-growing, most competitive, and the least-indebted country faced a total crash. In a year of excellent earnings growth, the Vietnam stock market has plummeted...
by Teuvo Tuomi | Nov 17, 2022 | ASEAN, Business, Economy, News, Southeast Asia
At the G20 Summit in Bali, the central banks of Indonesia, Malaysia, the Philippines, Singapore, and Thailand entered a memorandum of understanding to start using QR codes for international payments between the five countries, without the need to use the US dollar....
by VF | Sep 28, 2022 | Linkss, ASEAN, Business, Food & Drinks, News, Southeast Asia
Thailand’s Singapore-listed conglomerate, ThaiBev, plans to spend 5-8 billion baht next year to expand its businesses. Out of this, 1.1. billion baht would be allocated for the food business, 600-800 million for spirits, and 300-400 for non-alcoholic drinks. For...
by VF | Sep 27, 2022 | Business, ASEAN, Economy, News, Southeast Asia
Shopee Thailand’s second round of layoffs is affecting about 100 employees, about 10% of its workforce. The company says that this will enable it to continue to run more efficient business operations. The Singaporean multinational technology company that focuses...
by VF | Sep 16, 2022 | Linkss, ASEAN, Asia, Business, Southeast Asia, Technology
Through its subsidiary PT VKTR Teknologi Mobilitas, PT Bakrie & Brothers is the latest Indonesian conglomerate to enter the country’s nascent electric vehicle industry, collaborating with two state-owned enterprises. VKTR will work with heavy equipment...
by VF | Sep 7, 2022 | Business, ASEAN, Asia, Economy, News, Southeast Asia
The Regional Comprehensive Economic Partnership agreement (RCEP) came into effect on 1 January this year. The pact has resulted in the growth of China’s exports to other member countries of the agreement. During the first six months of 2022, exports and imports...
