MANILA, Philippines — The Philippines is expected to become the top e-commerce market in Southeast Asia as early as 2020 – a not so welcome development for Filipino malls and retail stores as this could spell doom for their operations. The Philippine e-commerce industry, valued at over $1 billion, is expected to grow exponentially in […]
Read MoreSINGAPORE: Rich Asians boosted their cash holdings to the highest level in five years as they sought to buffer their wealth against any downturn in buoyant financial markets, according to a survey by Capgemini SA. High-net-worth individuals, or those with at least $1 million in investable assets, were also moving into cash to provide ammunition […]
Read MoreYoma Strategic, an affiliate of Yangon Stock Exchange-listed First Myanmar Investments Company (FMI), has successfully closed a placement of shares that will enable it to raise S$82.2 million in fresh funds in Singapore, where it is listed on the Mainboard of the Singapore Stock Exchange. In a November 5 statement, Yoma Strategic said the placement, […]
Read MoreTwenty years since the 1997 Asian financial crisis, analysts are once again looking skeptically at potentially unsustainable debt piles in the region. Largely untouched by the ’97 collapse, Laos could get pulled into a new era of financial turmoil. An International Monetary Fund (IMF) report released this year said that the risk of “external debt distress” […]
Read MoreWith the General Department of Taxation (GDT) recently introducing transfer pricing rules that aim to shore up the Kingdom’s tax base and align regulations with international standards, The Post’s Kali Kotoski spoke with Brendan Lalor, director of tax and advisory services at Ernst & Young, about how the new laws will impact businesses. Can you broadly […]
Read MoreThe Hanoitimes – In welcoming billionaire Jack Ma to Vietnam, the Prime Minister Nguyen Xuan Phuc hoped the Founder and Chairman of Alibaba Group Jack Ma will inspire young Vietnamese with his success story. On November 6, the Prime Minister Nguyen Xuan Phuc had a meeting with the Founder and Chairman of Alibaba Group Jack ma. […]
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Thailand
