A rapid increase in digital consumers is expected to be a major driver for Southeast Asia's economy, which is projected to grow by 4.7% this year, according to consulting firm YCP Solidiance.

Land and Houses Financial Business Group (LHFG), a holding company of LH Bank, aims to grow its Taiwanese banking business more aggressively this year, boosted by manufacturing relocation by multinational and Taiwanese firms to Asean amid deglobalisation.

The Philippines, Vietnam and Indonesia are competing to host another Southeast Asian electric-vehicle assembly plant for BYD Co, the world’s second-largest maker of EVs, according to a Philippine trade and investment official.

Chinese sport utility vehicle manufacturer Great Wall Motor (GWM) is determined to expand its electric vehicle (EV) business in Asean, with Thailand and Indonesia selected as its top destinations.

Bank of Ayudhya (Krungsri) continues to expand its financial business in Asean and targets its regional customer base exceeding 500,000 this year.

“We are available for this, to work with Singapore, and with Timor-Leste because of the importance we attach to participation in ASEAN”, the Minister of Foreign Affairs of Portugal, João Gomes Cravinho, said today in Singapore, indicating that this was one of the issues discussed during the meeting he held ...

Fifty-five percent of small and medium enterprises in Southeast Asia are optimistic about their business recovery after the pandemic, but they realise they need to make changes to stay competitive, the UOB Asean SME Transformation Study 2022 has found.

Local banks have continued to gear up for regional business expansion, aiming to create higher income from the growth potential of the Asean economy in the post-pandemic period.

Thailand has the potential to become the Asean hub of Mice (meetings, incentives, conferences and exhibitions), with the country's industry forecast to reach US$12 billion by 2027, buoyed by world-class venues and its multicultural nature, according to global event organiser RX.

By Nicolás Promanzio This Sunday ended the 40th and 41st summit of the Association of Southeast Asian Nations (ASEAN), held for 4 days in Cambodia. ASEAN is an intergovernmental organization that is on course to become the fourth largest economy in the world in the coming years and already has more ...

In a global economy facing a protracted period of weak growth and high inflation, Southeast Asia offers a rare speck of optimism, with strong fundamentals, accelerating growth and a bright future.

China is expected to start talks with Southeast Asian nations about an upgrade to their giant free-trade zone in a potential boost to the stability of Beijing's manufacturing supply chains amid mounting rivalry with the United States.

Kasikornbank (KBank) has set a goal to expand the extension of sustainable financial facilities to 25 billion baht this year, doubling to 50 billion next year, aiming to become an Asean leader in the field of environment, social and governance (ESG) finance by 2030.

Hong Kong is set to gain early admission into the Regional Comprehensive Economic Partnership (RCEP), city leader John Lee Ka-chiu has said as he expressed confidence the city would bring "enormous value" to the free-trade grouping and revealed that member states of the Association of Southeast Asian Nations (Asean) supported ...

Thailand saw private funding of US$300 million in the first half of 2022, a jump from $200 million in the same period a year earlier, according to an Asean internet economy report by Google, Temasek and Bain & Company.

Cargill Meats (Thailand), the subsidiary of the US agricultural and food ingredient producer Cargill Group, is ramping up its ready-to-cook products and using Thailand as a production hub to export to the Asean market.

Asean is expected to lead the world in terms of export growth from 2021 to 2026, followed by South and Central Asia, according to a report by global logistics provider DHL.

Since the lifting of the strict lockdown in the first quarter of 2022, and the decrease in the number of COVID-19 cases, the Thai economy has shown signs of recovery. However, Thailand still faces a battle in bringing its economy back up to pre-pandemic levels in order to compete with ...

MANILA: Philippine President Ferdinand Marcos Jr has rejected a proposal to import an additional 300,000 tonnes of sugar, his press secretary said on Wednesday, despite an earlier announcement of approval by the industry regulator.

8th August 2022 marks an important occasion of the 55th anniversary of ASEAN (the Association of Southeast Asian Nations), an intergovernmental organization of 10 member states in Southeast Asia (Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand, and Viet Nam), founded in Bangkok in 1967. Meanwhile, 5th August ...