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Tuesday, October 15, 2019

Tag: Southeast Asia

Grab to raise billions thanks to region’s flourishing internet economy

Value of online transactions, from retail to ride-hailing, expected to reach US$300 bil by 2025.

As election nears, Singapore may raise spending to ease economic pain

For many Singapore voters, some extra support to bring down costs in a struggling economy would be welcome.

Asia’s beaches go quiet as Chinese tourists stay home

The decline of Chinese travellers has become a painful lesson for Thailand and Indonesia which are overly dependent on visitors from China.

Grab to spend US$150 mil on AI to build regional super...

Grab believes AI will help it better to target users across Southeast Asia, a region of disparate consumer and ethnic cultures.

Taiping chosen as only ‘age-friendly town’ in Southeast Asia

The town has met various criteria set by the World Health Organisation.

Thailand to acquire 120 US armoured vehicles

The armoured vehicles will be deployed at a base in Chachoengsao, south of Bangkok.

Manufacturers to focus on curbing Southeast Asia plastic waste

The US$1 billion fund will finance city partnerships and infrastructure to support waste management in Southeast Asian countries.

Thailand aims to become Southeast Asia’s power-trading middleman

The power-trading hub move by Thailand is part of its efforts to make the nation's system cleaner, cheaper and more efficient.

US, Southeast Asia to hold first ever joint maritime drill

The move is likely to further irk China in the wake of Washington's latest US$8 billion arms sales to self-ruling Taiwan, which Beijing views as part of its territory.

China, Vietnam, spar on high seas over US$2.5 trillion in energy

Vietnam has persistently rejected China’s nine-dash line map of the sea as a basis for cooperating on energy resources, prompting tensions to increase as Beijing’s military strength grows.

Thailand asks tech firms to set up centres against ‘fake news’...

The proposal came as Asean telecoms regulators were meeting this week in Bangkok with an aim to come up with regional guidelines to regulate over-the-top platforms, including taxation policies.

Philippines dangles tax perks to drive businesses out of Manila

The government is proposing an additional two years of incentives for companies that relocate outside Manila.

Muslim insurgent group says it met with Thai government

A Thai military official declined to comment on whether a meeting had taken place.

Jokowi eyes highest Indonesia growth since 2013 amid risks

Southeast Asia’s largest economy is forecast to grow 5.3% next year.

Indonesia seals oil palm, timber concessions amid forest fires

The sealing of oil palm and timber concessions owned by 10 companies in Borneo comes as Indonesia faces mounting pressure from neighbouring countries to stop forest fires.

Australia agrees to ban exporting recyclable waste

State and federal governments agree at a conference to draw up a timeline for developing their own recycling capabilities.

Australia to help Asean firms tackle slavery in supply chains

It is part of a 10-year counter-trafficking initiative launched by Australia and Asean.

Migrants mistakenly held in Thai trafficking shelters

The US State Department criticises Thailand for not pushing their anti-trafficking efforts enough.

Plastic waste piles up as Indonesia’s import crackdown backfires

Indonesia, Malaysia and the Philippines are among countries pushing back against imports of waste, following China’s lead that imposed curbs on shipments last year.

Australia pledges US$55 mil to fight human trafficking in Southeast Asia

Australia's initiative to fight human trafficking will also help and support international investigations to ensure traffickers are charged.

Asian factories are stuck in the doldrums as trade war hits...

Purchasing manager indexes for Japan, South Korea, Malaysia and Taiwan remain below 50, signalling deeper contractions in factory output.

Hong Leong, TPG said in advanced talks for Asian hospitals

The deal could value the hospital business at US$1.2 billion.

Britain searches for post-Brexit trading opportunities in Southeast Asia

Advocates of Brexit have long argued that one of the biggest benefits of leaving the EU will be an ability to strike new bilateral trade deals rather than relying on EU-level agreements.

Vietnam says Chinese vessel violated its sovereignty in South China Sea

Vietnam and China are embroiled in a years-long dispute over the potentially energy-rich stretch of waters in the South China Sea.