JAKARTA: Indonesia has laid out new rules for commodities exporters to guarantee funding for shipments through Indonesian banks or branches of foreign banks in the country, the trade minister said on Tuesday, part of a bid to prop up the ailing rupiah. The Indonesian currency <IDR=> has fallen about 9 percent versus the dollar this year, caught up in broader selling of emerging […]
Read MoreLondon-based IHS Markit, a global information provider, forecasts the overall electric vehicle (EV) fleet in Thailand to reach 600,000 cars by 2030. Thailand is the major EV market in Southeast Asia, where the total is expected to hit 900,000 cars regionally in the same time frame from 40,000 projected in 2018, said research analyst Siri Kanjanasiri, […]
Read MoreKUALA LUMPUR: E-commerce platform Shopee achieved a new milestone with the highest-ever single day sales performance in its history with over 5.8 million orders recorded; amounting to three times more than an average day. This was accomplished during its Shopee 9.9 Super Shopping Day, its biggest annual regional shopping event of the year on September 9, 2018. […]
Read MoreMANILA, Philippines — Despite the onslaught of Typhoon Ompong so close to the holiday season, inflation is still expected to ease in the fourth quarter, economic managers said yesterday. In a press briefing, economic managers expressed confidence that Ompong’s impact on food prices may ease with the implementation of non-tariff measures meant to address supply […]
Read MoreKUALA LUMPUR: CGS-CIMB is negative on British American Tobacco Bhd’s (BAT) decision to raise its selling prices by 50 sen per pack post SST, as it expects a negative impact on sales volume. “We are negative on the retail price increase, given the historical drop in BAT’s sales volume after previous rounds of retail price hikes. “We […]
Read MoreSINGAPORE is the second-best city for technology companies looking to establish or expand operations in Asia, according to a report published on Wednesday by real estate services and investment management company Colliers International. In the report, titled “Top Locations in Asia – Technology Sector”, Colliers ranked 16 large Asian cities on socio-economic, property and human factors […]
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