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Thailand: Tesco reveals ‘historic’ discount campaign

Tesco Lotus Thailand has launched its biggest discount programme ever as sales of fast-moving consumer goods (FMCG) are expected to dip 1% this year — the largest fall in recent history. Domestic sales of FMCG, including food, increased 1.7-2.6% for retailers between 2014 and 2016. The projected decrease this year is in large part driven by […]

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Philippines: Hot money reverts to net outflow in February

MANILA, Philippines — Foreign portfolio investments reverted to a net outflow in February as investors cashed in their profits with the impending rate hike by the US Federal Reserve. Data released by the Bangko Sentral ng Pilipinas (BSP) showed foreign portfolio investments, or hot money, booked a net outflow of $545.14 million in February, a […]

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