Investvine | Southeast Asia's Business News Site
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Investvine, Southeast Asia's business news site covering tech & innovation, current events, politics and business trends.
Investvine | Southeast Asia's Business News Site
1y 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
Investvine | Southeast Asia's Business News Site
1y 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
Investvine | Southeast Asia's Business News Site
1y 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
Investvine | Southeast Asia's Business News Site
1y 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
Investvine | Southeast Asia's Business News Site
1y 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
Investvine | Southeast Asia's Business News Site
1y 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
Investvine | Southeast Asia's Business News Site
1y 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
Investvine | Southeast Asia's Business News Site
1y 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
Investvine | Southeast Asia's Business News Site
1y ago
Thailand’s embattled flag carrier Thai Airways International has set the course to recovery as its creditors have accepted the carrier’s revised rehabilitation plan The airline reported to the Stock Exchange of Thailand on September 1 that creditors who hold 78.59
The post Thai Airways gets nod from creditors for rehabilitation plan appeared first on Investvine ..read more
Investvine | Southeast Asia's Business News Site
1y ago
The wife of the former Malaysian prime minister Najib Razak, Rosmah Mansor, has been sentenced to ten years in prison for soliciting and receiving bribes in exchange for government contracts. The sentence by Malaysia’s High Court came just one week
The post Wife of Malaysia’s ex-prime minister gets ten years’ jail time appeared first on Investvine ..read more