Cambodia sees 16% rise in garment, footwear exports in 6 months

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Cambodia’s garment and footwear industry, the country’s largest income earner, saw a 16 per cent increase in exports in the first six months of 2014, according to a commerce ministry’s report released on July 20. The country exported apparel and footwear products worth $2.92 billion during the January-June period this year, up 16 per cent … Continue Reading »

Global real estate investment to reach $45 trillion by 2020

Driven by rapid urbanisation and demographic changes, especially in emerging markets, global investment in the real estate sector is likely to increase by 55 per cent to $45.3 trillion by 2020 from $29 trillion in 2012, according to a new report by PwC. The report Real Estate 2020: Building the Future said that the investment … Continue Reading »

Indonesia ‘No. 1 target for cyber attacks’

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A year-end report from the Indonesian Communications and Information Technology Ministry has revealed that Indonesia was the world’s most targeted country for cyber attack in 2013, the Jakarta Post reported. Minister Tifatul Sembiring said that in 2013 Indonesia saw more than 1.2 million cyber attacks, or approximately 42,000 attacks a day. The US ranks second … Continue Reading »

Kerry in Vietnam: Focus on trade, security

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US Secretary of State John Kerry, in his first visit to Vietnam in this role, will seek closer trade and security ties between the US and Vietnam, US media reported. Kerry is on a four-day trip that started on December 14 and will visit Ho Chi Minh City, the Mekong Delta and the capital Hanoi … Continue Reading »

Indonesia to import LNG from the US

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Indonesia’s state-owned oil and gas producer Pertamina has signed its first agreement to import liquefied natural gas (LNG) in a deal to take supplies from the US. Pertamina will buy 800,000 metric tonnes a year of gas starting 2018 for Indonesia’s domestic market, the company said in a statement according to a Bloomberg report. The … Continue Reading »

Vietnam-US trade in 2013 up by 15.3%

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Trade between the US and Vietnam is expected to rise 15.3 per cent in 2013 to a value of $28.7 billion, with Vietnam’s exports to the US expected to rise at a faster rate than its imports from the US, the American Chamber of Commerce in Vietnam (AmCham) said according to the Wall Street Journal. … Continue Reading »

Emergency law imposed throughout Bangkok

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The Thai government on November 25 has invoked the Internal Security Act (ISA) across the whole of Bangkok and nearby provinces – including the province where the city’s main airport Suvarnabhumi is located  – with immediate effect after anti-government protesters occupied two state ministries and other public buildings in the capital. The act allows troops … Continue Reading »

Wikileaks: Malaysia gov’t withheld key TPPA details

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Leaked papers of the contentious Trans-Pacific Partnership Agreement (TPPA) show that the Malaysian government in Putrajaya withheld key details of the trade negotiations from stakeholders, said a group fighting to prevent Malaysia from inking a deal it claimed would “colonise” the country, according to the Malay Mail. A representative of the anti-TPPA group, Fifa Rahman, said … Continue Reading »

Malaysia’s total trade up 2.4% in first 9 months of 2013

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Malaysia’s total trade for the January-September 2013 period increased 2.4  per cent to RM1 trillion ($317.5 billion) in the same period of 2012, said Malaysia External Development Corporation (Matrade) Chairman Datuk Noraini Ahmad according to a Bernama report. She said the increase was achieved due to trade activities with China, which was the main contributor … Continue Reading »

AmCham opens Myanmar chapter

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The American Chamber of Commerce launched its Myanmar chapter in Yangon at the end of October, the US Embassy said in a statement. The US government welcomed the move and thanked American businesses for their enthusiastic support of the new chapter and for bringing US business to the Southeast Asian country, said Derek Mitchell, the … Continue Reading »