MANILA, Philippines — Middle East retail giant LuLu is set to make its foray into the Philippine market, seeking to enter the very competitive mall and supermarket landscape, and make the country its sourcing hub in the region. Philippine Economic Zone Authority (PEZA) director general Charito Plaza said officials from the LuLu group were in […]
Read MoreThe government has offered local distributors of cigarettes and alcohol some slack by reducing the tax obligation on secondary distribution of their products. A prakas issued late on Tuesday by the General Department of Taxation (GDT) revises the application of the public lighting tax (PLT), a 3 percent tax that is applied to the invoices […]
Read MoreFacebook, 7-Eleven and Lazada top the 10 best perceived brands among millennials in Thailand, according to a YouGov BrandIndex survey. The three brands achieved the highest word-of-mouth scores in the survey, a notch above Line and KFC, which rank fourth and fifth respectively. The ranking is dominated by fashion retail brands, with three out of […]
Read MoreTEMPO.CO, Jakarta – State-owned Enterprise Minister Rini Soemarno said the divestment process of Freeport Indonesia’s 51 percent shares will be completed next year. “We emphasize that the divestment process should be completed in the first quarter of 2019, as well as calculation scheme of the [shares] value,” she said on Wednesday. According to Rini, the government is still […]
Read MoreBanking experts and senior officers from the International Council of Small Business (ICSB) said Myanmar must change its loan policy to make it easier for businesses to access debt for growth. In Myanmar, loans issued to businesses are approved based on collateral and are mostly extended over a short term. Compared to other countries, the […]
Read MoreKUALA LUMPUR: Malaysia’s industrial production in August expanded at its fastest pace since March 2015 and above industry expectations, supported by strong growth across all sectors. Factory output grew 6.8% from a year earlier in August, above the 5.9% annual rise forecast in a Reuters poll. Industrial output was up 6.1% in July. Factory output […]
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Thailand
