MANILA, Philippines — Southeast Asia’s biggest e-commerce portal expects to double the sales generated in the Philippines from its biggest one-day sale event 11/11 compared to last year. “We expect to do twice of 11/11 last year this year and 15 times a normal day,” Juan Pavez Spencer, Lazada Philippines chief executive officer for logistics or operations told […]
Read MoreMANILA, Philippines — A Thai agro-industrial conglomerate has committed to buy sweet sorghum, a grain crop used as raw material for feeds, from the country as the Department of Agriculture (DA) starts the propagation of the commodity amid tight supply of corn for the growing livestock industry. Agriculture Secretary Emmanuel Piñol said Thai-based Charoen Pokphand […]
Read MoreTHE entry of Singapore-based private investment platform Fundnel into Malaysia will provide small businesses with more options to raise capital for growth. Fundnel was recently appointed by the Securities Commission (SC) Malaysia as the seventh Equity Crowdfunding (ECF) platform. Fundnel will provide a comprehensive suite of capital raising services targeted at local unlisted growth companies […]
Read MoreIndonesia’s Investment Coordinating Board (BKPM) has sent representatives to Guangzhou in China and New York in the United States to lure Chinese and American investors to put their money into Indonesia. The representatives last week spoke to Chinese investors during a seminar hosted by the United Overseas Bank (UOB) during a business forum hosted by the Indonesian consulate. BKPM regional investment promotion director Nurul Ichwan […]
Read MoreMANILA, Philippines — Soaring fuel prices took its toll on the profitability of local airlines in the nine months ending September. In separate financial reports to the Philippine Stock Exchange, the listed operator of Philippine Airlines (PAL) said the company widened its net loss in the first three quarters, while Cebu Air Inc. saw its […]
Read MoreMandalay is poised to become the second-largest hub for growth after Yangon, the city’s chief minister Dr Zaw Myint Maung said at the Mandalay Business Forum held over the weekend. Dr Zaw Myint Maung highlighted the region’s vast, unoccupied land, which is ripe for investments and assured investors of looser regulations that will enable them […]
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Thailand
