The representatives of BIM and AC Energy at the ground-breaking ceremony of the BIM solar power plant Notably, BIM Group has signed EPC and financing documents to increase the capacity of the solar power plant from 30 to 280MWp. The joint venture plans to expand the capacity to well over 300MWp. Upon completion, the solar farm will become the largest in Southeast Asia and generate 545 million kWh of clean electricity annually. BIM Group is the majority shareholder with a controlling interest. The corporation has completed the credit agreement with an international bank in order to secure a total loan amount of more than $200 million. Previously in this January, BIM and AC Energy started developing BIM 1 solar power plant in Phuoc Minh commune. The project aims to satisfy the increasing energy demand and to replace fossil energy with more sustainable and renewable alternatives, contributing to the country’s economic development and improving living standards. Recognised as one … [Read more...] about BIM signs for largest solar plant in Southeast Asia
Food southeast asia
Hanoi, HCMC among 10 cheapest cities in Southeast Asia
Around the Country Hanoi, HCMC among 10 cheapest cities in Southeast Asia Nguyen Quy Wednesday, Jan 24, 2018,18:05 (GMT+7) Hanoi, HCMC among 10 cheapest cities in Southeast AsiaNguyen Quy Foreigners enjoy food and beer on Bui Vien pedestrian-only street in the backpacker’s area - PHOTOS: HOANG PHONG Hanoi and HCMC, Vietnam’s two biggest cities, have recently made the list of the top 10 cities for budget-conscious backpackers in Southeast Asia for 2018, according to a survey conducted by Numbeo, the world’s largest database of user contributed data providing current and timely information on the costs of living at leading cities worldwide. The Cost of Living Index 2018 released by the news site www.numbeo.com ranks HCMC 9th among the 10 most affordable cities in the region while the capital city grabbed the 8th spot. Furthermore, the index also reveals that the cost of living in HCMC is higher than in Hanoi. … [Read more...] about Hanoi, HCMC among 10 cheapest cities in Southeast Asia
Top 5 shopping categories in Southeast Asia in H1
Priceza Indonesia, a shopping search engine and price comparison platform in Indonesia, revealed interesting facts about the five most popular shopping categories in six Southeast Asian countries during the first six months of 2018. The shift to online shopping has swept Southeast Asia in recent years. According to Bloomberg, internet shopping in Thailand increased by 100 percent in 2017. Top 5 Categories in 6 Countries in the last 6 Month of 2018. Graphics by Priceza Pioneering companies in the e-commerce industry have grown in this region, some of which have successfully won the title of "unicorn" - which means its valuations are already exceeding $1 billion, as achieved by Tokopedia and BukaLapak from Indonesia. In response to these developments, the shopping search engine and price comparison platform Priceza which established 2010 firstly at Thailand in 2010, released interesting information on the most searched product categories over the last six months (January - June 2018), … [Read more...] about Top 5 shopping categories in Southeast Asia in H1
Mobile payment firms struggle to dethrone cash in Southeast Asia
Bui Mai Phuong is an avid online shopper, ordering anything from clothing to personal-care products from her smartphone. But she prefers to pay with cash. She is among hundreds of millions of people whom firms such as Softbank Group-backed Grab and China’s Tencent want to win over as they try to tap into Southeast Asia’s burgeoning internet sector. More than 70 percent of the region’s 600 million-plus people do not use banks - higher than the global average of about 30 percent - and e-commerce is projected to hit $88 billion by 2025. But convincing consumers like Phuong, who lives in Hanoi, could be tricky. “I have never tried using mobile payments because I don’t know how to use it and it seems a bit complicated to use,” said Phuong, 36, a manager at a construction material supplier in Vietnam. Mobile payments are ubiquitous in China; a consumer can spend a day without using cash at all in Beijing or Shanghai, and even some beggars accept mobile … [Read more...] about Mobile payment firms struggle to dethrone cash in Southeast Asia
Indonesia’s Go-Jek to expand markets in Southeast Asia, targeting VN
Go-Jek operates a fleet of motorcycle taxis and private cars and other services, from massage and house cleaning to grocery shopping and food delivery. With such services, Go-Jek will directly compete with Singapore’s Grab, which is dominating Southeast Asia. Both of them are also trying to extract more revenues from their ride-hailing customers in Indonesia. Southeast Asia's ride-hailing market is expected to reach 20 billion USD by 2025, according to a research done by Google and Temasek./. VNS Tags: app Go-Jek … [Read more...] about Indonesia’s Go-Jek to expand markets in Southeast Asia, targeting VN