Thailand, Singapore most vulnerable to potential US recession
Investvine | Southeast Asia's Business News Site
by Arno Maierbrugger
2M ago
Southeast Asia could be seriously affected in case the US falls into recession, but some countries would be more badly hit than others, economists told news portal CNBC. The US has already reported two consecutive quarters of negative growth in The post Thailand, Singapore most vulnerable to potential US recession appeared first on Investvine ..read more
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Philippines awards $11-billion airport project to Samsung-led consortium
Investvine | Southeast Asia's Business News Site
by Arno Maierbrugger
2M ago
The Philippine government has awarded a consortium backed by South Korean and European companies and led by Samsung Group’s construction arm the $11-billion deal to develop the Sangley Point International Airport, or SPIA, in Cavite south of Metro Manila The The post Philippines awards $11-billion airport project to Samsung-led consortium appeared first on Investvine ..read more
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Vietnamese edtechs attract international investor interest
Investvine | Southeast Asia's Business News Site
by Arno Maierbrugger
2M ago
Innovative educational technology companies (edtechs) in Vietnam are increasingly on the radar of international private equity firms as education gets more digitised not only in the country itself, but in the entire Southeast Asian region, partly as a result of The post Vietnamese edtechs attract international investor interest appeared first on Investvine ..read more
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Inflation in Laos reaches over 30 per cent
Investvine | Southeast Asia's Business News Site
by Arno Maierbrugger
2M ago
Faced with a debt crisis and various other economic problems, Laos saw its inflation jumping to 30.1 per cent year-on-year in August from 25.6 per cent in July, according to the latest report from the Lao Statistics Bureau. Higher prices The post Inflation in Laos reaches over 30 per cent appeared first on Investvine ..read more
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China’s Chery to open car plant in Vietnam
Investvine | Southeast Asia's Business News Site
by Arno Maierbrugger
2M ago
Chinese car maker Chery Automobile plans to set up a factory in Vietnam by next year to sell locally produced models in the country rather than import them, online news portal VnExpress reported. “We want to build a factory in The post China’s Chery to open car plant in Vietnam appeared first on Investvine ..read more
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Vietnam’s VinFast to start shipping first electric vehicles to North America, Europe
Investvine | Southeast Asia's Business News Site
by Arno Maierbrugger
2M ago
Vietnamese electric vehicle maker VinFast will ship about 5,000 vehicles to customers in the US, Canada and Europe in early November, according to a statement from parent company Vingroup, a diversified holding run by the country’s richest person, billionaire Pham The post Vietnam’s VinFast to start shipping first electric vehicles to North America, Europe appeared first on Investvine ..read more
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Malaysia could build 120-kilometer connection across Malacca Strait
Investvine | Southeast Asia's Business News Site
by Arno Maierbrugger
2M ago
A new route – either a bridge or a tunnel – spanning 120 kilometers is planned by a private consortium to link Malaysia’s coast in Malacca with a landing point in the adjacent Riau province of Indonesia’s island of Sumatra, The post Malaysia could build 120-kilometer connection across Malacca Strait appeared first on Investvine ..read more
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China’s BYD to build electric vehicle plant in Thailand
Investvine | Southeast Asia's Business News Site
by Arno Maierbrugger
2M ago
Chinese car maker BYD Auto said it would set up a facility in Thailand to start producing 150,000 passenger cars per year from 2024. The company would invest 17.9 billion baht ($490.5 million) to purchase 96 hectares of land in The post China’s BYD to build electric vehicle plant in Thailand appeared first on Investvine ..read more
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WeWork opens flagship office tower in Singapore
Investvine | Southeast Asia's Business News Site
by Arno Maierbrugger
2M ago
US co-working company WeWork has unveiled its flagship office tower in Singapore as it expands in the Asian financial hub, which is among its fastest growing markets. WeWork, majority-owned by Japan’s SoftBank Group, moved into 21 Collyer Quay at the The post WeWork opens flagship office tower in Singapore appeared first on Investvine ..read more
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Indonesia to set up crypto stock exchange
Investvine | Southeast Asia's Business News Site
by Arno Maierbrugger
2M ago
The Indonesian government is planning to establish its envisaged “crypto stock exchange” by the end of 2022, DealStreetAsia cited the country’s deputy trade minister Jerry Sambuaga as saying. Originally set to launch in 2021, the realisation of the bourse was The post Indonesia to set up crypto stock exchange appeared first on Investvine ..read more
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