US tech giant Apple Inc. has set its sights on Indonesia as the location of its third largest IT center in the world, following the establishment of similar centers in Brazil and Italy, the Industry Minister has said. Industry Minister Airlangga Hartato said the planned IT center was to be located in Bumi Serpong Damai (BSD), an integrated development in South Tangerang, […]
Read MoreKUALA LUMPUR: The ringgit opened higher against the US dollar on Wednesday on continued buying momentum for the local note, supported by the positive Malaysian economy, a dealer said. At 9.01am, the ringgit was quoted at 3.8875/8920 from the 3.8885/8925 recorded at Tuesday’s close. A dealer said the ringgit received a boost from higher global […]
Read MoreSINGAPORE: Vingroup JSC, Vietnam’s biggest developer, is targeting an initial equity offering of as much as US$2bil for its luxury residential arm, people with knowledge of the matter said. The Hanoi-based group’s Vinhomes JSC unit is considering seeking a valuation of US$13bil to US$16bil in the share sale, according to one of the people, who […]
Read MoreALIBABA Group’s plans for investment in the Eastern Economic Corridor (EEC) and associated e-commerce initiatives will be revealed after the technology giant’s founder, Jack Ma, arrives in Thailand tomorrow. Industry Minister Uttama Savanayana said that Ma, the executive chairman of the Chinese e-commerce operator, would use the visit to announce the group’s planned investments and […]
Read MoreMANILA, Philippines — The Philippines is expected to be the fastest growing economy in Southeast Asia and second fastest in the world over the next two years as it remains resilient to external shocks, according to the latest World Economic Outlook released by the International Monetary Fund (IMF). YongZheng Yang, IMF resident representative for the […]
Read MoreThe e-commerce boom and customer demand for same- and next-day delivery have forced e-commerce companies and their logistics partners to streamline both their warehousing needs and delivery models to remain competitive in this rapidly changing industry. Prior to the rapid expansion of e-commerce, large retailers did not have warehousing and logistics networks in place to deliver […]
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