PETALING JAYA: Oil prices continued to climb to a near 3½-year high, crossing the US$75 per barrel mark on expectations of lower supply. There are also indications that the United States might impose new sanctions on Iran that might lead to increased geopolitical tensions in the Middle East, according to wire reports. Brent crude oil […]
Read MoreFilipinos looking for the IKEA experience will have to continue waiting before the Swedish furniture and home accessories retailer opens its first store in the Philippines. “We are [still]looking for sites and partners,” IKEA Southeast Asia Market Development Manager Georg Platzer told reporters at the sidelines of Monday’s launch of the Philippines-Sweden Business Council. “We […]
Read MoreAlibaba Group’s partnership with the Thai government aims to continue to drive overseas growth for Thailand’s farmers. Alibaba’s Thai durian promotion on its Tmall platform resulted in more than 130,000 Thai durians pre-sold to Chinese consumers, including more than 80,000 Monthong durians in the sale’s opening minute. Under the terms of the partnership with the government, […]
Read MoreThe clinched free trade agreements (FTAs) has opened the door wider for Vietnamese goods to enter foreign markets, helping the country improve trade balance with its trade partners. Before 2007, Vietnam was involved in only two free trade deals as member of the Association of Southeast Asian Nations (ASEAN): the ASEAN-China and the ASEAN- Republic […]
Read MoreBy Melissa Luz T. Lopez, Senior Reporter BANKS and e-money issuers have set up a new clearing house for real-time fund transfers yesterday, with seven lenders now able to process interbank transactions in a matter of seconds. Industry players unveiled the InstaPay platform on Monday, which serves as an automated clearing house to process payments across accounts […]
Read MoreMANILA, Philippines – At least 25% of jobs in Southeast Asia may be automated in the next two decades, according to the International Labour Organization (ILO). ILO reported that workers in low-skilled, labor-intensive sectors, may be displaced by technology which has become increasingly accessible. “It is estimated that at least a quarter of jobs in […]
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Thailand
