Archive for September 27th, 2019

Hasty deadlines and upset board: Behind 1MDB’s $1b zero-return investment

27-Sep-2019 Intellasia | Malay Mail | 6:02 AM

The 1Malaysia Development Board (1MDB) received nothing in return from a $1 billion (RM3.4 billion) purported “investment”, in a deal done that saw funds [...] » More

Closing wealth gap vital for country’s harmony, PM says

27-Sep-2019 Intellasia | Malay Mail | 6:02 AM

Reducing the economic gap between the rich and poor is among ways to avoid racial tension in a country, Tun Dr Mahathir Mohamad said at the World Leaders Forum at Columbia [...] » More

In US, Dr M says multilateralism won’t work if superpowers are bullies

27-Sep-2019 Intellasia | Malay Mail | 6:02 AM

Powerful countries that engage in actions to further their own interests are the biggest threat to global multilateralism, Tun Dr Mahathir Mohamad said during the World [...] » More

Malaysia’s police say fugitive financier’s whereabouts known

27-Sep-2019 Intellasia | Aljazeera | 6:02 AM

Malaysian police have said they know the location of fugitive financier Low Taek Jho and hope to bring him back by the end of the year to help in investigations into a multi [...] » More

Columbia University decries Dr M’s ‘anti-Semitism’, but says PM must be given room to speak

27-Sep-2019 Intellasia | Malay Mail | 6:02 AM

Columbia University has explained today that it does not endorse the views of speakers invited to speak at its World Leaders Forum, ahead of Tun Dr Mahathir Mohamad’s [...] » More

Southeast Asia’s No. 1 travel app is getting into fintech

27-Sep-2019 Intellasia | Bloomberg | 6:02 AM

Traveloka, Southeast Asia’s largest online travel startup, is getting into financial services. The startup backed by Expedia Group Inc. and Inc. will issue a [...] » More

Vietnam-Korea businesspeople and investment association debuts

27-Sep-2019 Intellasia | VNA | 6:02 AM

The Vietnam-Korea Businessmen and Investment Association (VKBIA) officially made its debut in Seoul on September 25. Addressing the launching ceremony, VKBIA Chair Tran Hai [...] » More

New Minh Phu plants to boost shrimp exports to EU, Australia & China

27-Sep-2019 Intellasia | VN Economic Times | 6:02 AM

New plants of country’s biggest shrimp exporter to focus on exports to EU, Australia and China. Vietnamese shrimp giant the Minh Phu Seafood Corp. is closing in on [...] » More

Convenience store segment welcomes newcomer from Korea

27-Sep-2019 Intellasia | VIR | 6:02 AM

The company said that it has signed a master franchise contract with CUVN, a Vietnam-based convenience store operator backed by local companies including retailer SnB [...] » More

Auto industry’s overwhelming reliance on imports continues

27-Sep-2019 Intellasia | VN Express | 6:02 AM

The need to import most parts makes auto prices in Vietnam higher than in neighbouring countries, insiders say. Toru Kinoshita, CEO of Toyota Vietnam and chair of the Vietnam [...] » More

520 exhibitors sign up for VietnamPlas 2019

27-Sep-2019 Intellasia | The Saigon Times | 6:02 AM

As many as 520 leading exhibitors from local and international markets have registered to participate in the 19th Vietnam International Plastics and Rubber Industry [...] » More

Local enterprises reaching out via Wire and Tube Southeast Asia 2019

27-Sep-2019 Intellasia | VIR | 6:02 AM

Vietnamese tube firms sought opportunities to expand their reach to the world through Wire and Tube Southeast Asia 2019 taking place at the Bangkok International Trade & [...] » More

Local bidding for North-South expy project slated for October

27-Sep-2019 Intellasia | The Saigon Times | 6:02 AM

The Ministry of Transport will send out bidding documents exclusively to local investors and launch a preliminary bidding session next month for eight sections of the [...] » More

Japanese firms lead investors in Binh Duong with $482 million

27-Sep-2019 Intellasia | The Saigon Times | 6:02 AM

Major Japanese enterprises, including electronics firm Sharp and Nitto Denko, are developing a number of large-scale projects in Binh Duong Province, making Japan the [...] » More

Hanoi welcomes 21.5 million tourist arrivals in nine months

27-Sep-2019 Intellasia | HanoiTimes | 6:02 AM

The city is striving for the target of receiving 29 million tourists and making VND103 trillion (US$4.4 billion) from tourism by the end of 2019. Hanoi received around 21.5 [...] » More