Kerry Logistics Network Limited announced a new joint venture with E-Services Group (‘ESG’), an international e-commerce company, to strengthen global e-commerce fulfillment capabilities in Asia. Kerry Logistics has identified cross-border e-commerce, particularly between the Greater China region and Asean, as a major growth sector, the company said in a press release on Monday. The new […]
Read MoreSiem Reap will be home to a $70-million aquarium and wildlife sanctuary project that seeks to become a new tourist draw for the province. Angkor Wildlife and Aquarium, a joint venture of Cambodian, Japanese and US investors, announced the project on Monday during a meeting with Siem Reap’s governor Tea Seiha. Roger Reynolds, member of […]
Read MoreThe Stock Exchange of Thailand (SET) is considering extending the night trading period for gold futures to serve high demand for gold investment amid foreign exchange fluctuations and prospects of slower global economic growth. Rinjai Chakornpipat, managing director of the Thailand Futures Exchange (TFEX) and the SET’s senior executive vice-president, said the TFEX’s gold members have […]
Read MoreKUALA LUMPUR: The ringgit extended yesterday’s uptrend to open higher against the US dollar this morning as demand for the greenback was fragile amid uncertainty about the US-China trade talks, dealers said. At 9 am, the ringgit was quoted at 4.0700/0740 compared to Tuesday’s close of 4.0780/0830. He said the greenback was under pressure as […]
Read MoreKUALA LUMPUR: Petroliam Nasional Bhd (Petronas) and its joint venture partners Repsol and MOECO have made the largest gas find in Indonesia in 18 years in the Sakakemang block in South Sumatara. Repsol said on Wednesday the KBD-2X well provides preliminary estimation of at least 2 trillion cubic feet (TCF) of recoverable resources. “The find […]
Read MoreTHE Asia-Pacific is the only region that can expect growth in hotel transaction volumes this year, according to the latest JLL Hotel Investment Outlook. The global real-estate consultant anticipates Asia-Pacific’s total hotel transaction volume to hit US$9.5 billion (Bt297 billion) this year, marking a 15-per-cent increase from last year. In 2018, transaction activity was fuelled […]
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