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June, 28, 2016

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Uber meets local lookalikes in taxi-app war
Riding on its startup success and flush with fresh capital, taxi-hailing smartphone app Uber is making a big push into Asia. There's a twist, though: Instead of being the game-changing phenomena it was in the U.S., Uber faces a slew of competitors using similar technology.
 
A U.S.-backed Pacific free trade pact could cause resentment in Southeast Asia as it would leave some nations in the region better positioned to access America's market than others, a top Philippine official said Thursday.
 
The implementation of the ASEAN Economic Community (AEC) at the end of 2015 will provide huge opportunities for construction companies operating in the region to strengthen their foothold in Southeast Asia.
 
The Asian Development Bank has imposed sanctions on 30 people and 31 firms for "integrity violations," following a 2013 fraud investigation into US$1 billion worth of projects it funded, the lender said.
 
Reforms slow in Bangladesh's toxic tanneries
Standing knee deep in toxic chemicals, Mokter Hossain loads animal hides into huge drums filled with still more dangerous liquids at a tannery in the Bangladesh capital.
 
Nepal Telecom (NT) has moved a step ahead in its quest to hitch up with a strategic partner, with its board approving plans to hire a consultant to write the bid documents.
 
China has fallen off the top of a list of Japan Inc.'s favored investment destinations for the first time in more than two decades because of higher labor costs and bilateral tensions, a survey said.
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A new report from the Department of Economic Planning and Development (JPKE) has revealed that Bruneian households are gaining more spending power with the average monthly income jumping 20 percent between 2005 and 2010/2011.
 
Oman is keen to establish air connectivity with Brunei to increase business activities between the two countries, said the outgoing ambassador of Oman to Brunei.
 
The Lao government expects to accept new mining investment proposals in 2015 after suspending the new investment projects few years ago to review the approved mining projects and policy.
 
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