World

Bangkok (VNA) – Thailand’s biggest drinks company Thai Beverage (ThaiBev) will allocate 7 billion THB (about 230 million USD) next year to renovate 25-year-old breweries and increase sales from all beverages in populous ASEAN countries in the next six years. Bangkok Post newspaper quoted Thai Beverage’s president and chief executive Thapana Sirivadhanabhakdi as saying that three breweries located in Kamphaeng Phet and in Ayutthaya are due for a major renovation after brewing for 25 years. Some of the investment budget in 2020 will be for Sabeco, the brewer of Saigon beer in Vietnam that the company acquired in 2017, to reduce debt and financial costs, he said. Sabeco is Vietnam’s leading beer by volume with a market share of 40 percent. In the first nine months, 4.4 billion litres of Sabeco was sold in Vietnam, one of the largest beer-consuming countries in the region. Thapana said Cambodia is another country that drinks mainly beer. The company is exploring … [Read more...] about Thailand’s biggest drinks company strives to become ASEAN market leader

In order to reach the Ban Co Peak, visitors have to go through a challenging winding road. It is called Ban Co Peak because according to legend, in the old times, two fairies chose this area to stop for resting and playing chest. That is why Son Tra Mountain is also called Tien Sa (fairies come down). … [Read more...] about Son Tra Peninsula: A world biosphere reserve site in the future

Another mobile chain retailer, Hanoi-based CellphoneS, is applying cost-cutting measures such as reducing store rent, advertising budget and non-fixed expenses to struggle in the pandemic time. It also tries to maintain sales by reducing prices and increasing promotion programs; and promoting selling via phone and online to stimulate purchasing power. … [Read more...] about Tech retailers manage to survive COVID-19 pandemic

Kuala Lumpur (VNA) - The Malaysian government on April 6 unveiled an additional stimulus package worth 10 billion ringgit (2.3 billion USD) to support small- and medium-sized enterprises (SMEs) affected by the COVID-19 outbreak. In a live televised address, Prime Minister Muhyiddin Yassin noted that SMEs contributed to 40 percent of the economy, adding that it was therefore necessary to sustain the companies through these trying times.   Earlier, on March 27, the PM announced an economic stimulus package worth 250 billion ringgit, after the launch of the movement control order (MCO), which was initially effective from March 18 to 31, but later is extended until the end of April 14. Malaysia is taking measures to contain the spread of COVID-19 in the community. By the end of April 5, Malaysia had recorded a total of 3,662 cases, including 61 deaths./. … [Read more...] about Malaysia announces another stimulus package to cope with COVID-19

Jakarta (VNA) - The Jakarta Manpower, Transmigration and Energy Agency said on April 6 that a total of 162,416 workers in Jakarta, the capital of Indonesia, have been laid off and forced to take unpaid leave due to COVID-19 pandemic. Of the figure, 30,137 workers of 3,348 registered companies were laid off, while 132,279 others from 14,697 firms were also put on forced unpaid leave," according to the agency. The data will soon be submitted to the Coordinating Ministry for Economic Affairs, it said. As part of its stimulus package to counter the effects of the epidemic, the Indonesian government has issued a policy of expanding its pre-employment card programme which provides job skills training and incentives for laid-off workers. President of the Confederation of Indonesian Trade Unions (KSPI) Said Iqbal has called on the government to prepare more measures to support workers who lose their jobs, such as providing money to workers and drivers. On … [Read more...] about Hundreds of thousands of workers in Jakarta affected by COVID-19