MANILA: The world’s largest Ikea store will open in 2020 in the Philippines as the Swedish furniture retailer presses on its bets in Asia. “Ikea will debut a 65,000-square-metre store in SM Prime Holdings Inc’s Mall of Asia where it’s leasing a space that’s equal to more than 150 basketball courts,” Ikea Southeast Asia managing-director Christian Rojkjaer said […]
Read MoreCustoms-cleared exports rose more than expected in October after a surprise decline in the previous month, the Commerce Ministry said on Wednesday. Exports increased 8.7% in October from a year earlier, compared with the median forecast for a 4.5% rise in a Reuters poll. In September, exports contracted 5.2% from a year earlier. The export […]
Read MoreKUALA LUMPUR (Nov 20): Exports of Malaysian palm oil products for Nov 1-20 fell 10.9% to 793,497 tonnes from 890,622 tonnes shipped during Oct 1-20, according to independent inspection company AmSpec Agri Malaysia said on Tuesday. Here is the breakdown of the AmSpec Agri Malaysia palm export figures for Nov 1 to 20 compared with […]
Read MoreThe government will allow foreign investors to have full ownership in 25 business units, among the 54 business units that were removed from the Negative Investment List (DNI) stipulated in the 16th economic policy package announced earlier this week. “So, the withdrawal of [54] business units from the negative investment list was not to invite foreign […]
Read MoreShop.com.mm, the Myanmar arm of China’s largest e-commerce company Alibaba Group, generated sales of over US$90,000 (K143 million)in the first hour of its first-ever Singles Day online sale on November 11. The occasion, also known as 11.11, is the biggest shopping event in China. Shop which is the largest online shopping platform in Myanmar, received more […]
Read MoreBANKERS here are hopeful that more foreign issuers will be making a beeline for the local debt market, in light of some major deals recently. They say that foreign issuers are finding the Singapore dollar (SGD) market efficient and stable, relative to the bigger – but more volatile – US/Euro dollar markets. Clifford Lee, DBS […]
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Thailand
