The relentless rise of e-commerce made last year the worst yet for traditional retailers. Shoppers around the world have made it clear that they want to do more browsing as well as buying online. Shares of Amazon.com rose 55% last year and this month it became just the second UScopy-trillion company in history (Apple was the […]
Read MoreMANILA, Philippines — Higher fares loom for airline passengers this year as the Civil Aeronautics Board (CAB) is likely to allow local airlines to reimpose fuel surcharge on the back of skyrocketing fuel costs. CAB executive director Carmelo Arcilla said while some legal procedures are still being undertaken, it is possible for the agency to greenlight the […]
Read MoreINDEPENDENT e-payment players such as Grab and Go-Jek will be the biggest winners in the South-east Asian e-payment market, going by a latest Morgan Stanley report. This is followed by banks, consumers and telcos, said the report titled Disruption Decoded: Who will win in e-payments – banks, independents or telcos?. Banks will lose between US$13.1 […]
Read MoreThe government has assured there will be no increase in subsidized fuel prices amid calls from economists who say a fuel-price hike would help ease the current account deficit (CAD). “The [subsidized] fuel price will be maintained,” said state-owned oil and gas holding company Pertamina vice president of communications Adiatma Sardjito on Sunday as reported […]
Read MoreGEORGE TOWN: The Federal Government expects a more positive response from housing industry players following its decision to exempt construction services and certain building materials from the Sales and Services Tax (SST). Finance Minister Lim Guan Eng expressed hope of seeing at least some changes in housing prices as the government was not collecting SST […]
Read MoreDomestic and external developments weighed on Ayala Corp. (AC) last week but the conglomerate’s shares remain above their year-to-date low. “A lot of foreign selling … brought the price down,” Eagle Equities research head Christopher John Mangun said. AC suffered net foreign selling of over P640 million last week, with the bulk occurring Friday to […]
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Thailand
