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Indonesia: E-commerce threatening imported footwear outlets: Aprisindo

The rapid growth in online retailers, or e-commerce, has apparently affected the sustainability of imported footwear outlets in Indonesia, the Indonesian Footwear Association (Aprisindo) has revealed. The closure of at least two imported footwear outlets in Indonesia was evidence of an obvious decline in the imported shoe market, Aprisindo head Eddy Widjanarko said on Friday, according to a kontan.co.id report. Clarks, […]

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Thailand 4.0: Rise of the machines?

The Fourth Industrial Revolution is at our doorstep, with artificial intelligence (AI), robotics and automation threatening unskilled workers and new graduates who are at risk of being left unemployed by job-killing androids. As these technological breakthroughs take place, automation and AI are compelling blue-collar workers to improve their skills and do more sophisticated work. Those […]

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Philippines: IMF reviewing 3% inflation forecasts

MANILA, Philippines — Multilateral lender International Monetary Fund (IMF) is revisiting its inflation forecasts to take into consideration the impact of the tax reform law, foreign exchange movement and agricultural output. YongZheng Yang, IMF resident representative for the Philippines, said in an email to The STAR the agency is now reviewing its three percent inflation […]

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