Grab, the largest ride-hailing platform in Southeast Asia, raised a record US$2.5 billion during its Series G round last year, yet it is continuing with its Series H round, which has raised at least $2.65 billion since it opened in June. The bulk of these funds are to be channeled to the company’s GrabFood delivery […]
Read MoreMANILA, Philippines — The country’s economic managers are pushing for amendments in the Constitution to allow for more foreign investors, according to the Department of Finance (DOF). Finance Secretary Carlos Dominguez said while the government has done as much as it can administratively to ease restrictions on foreign investments, there are still parts of the Constitution that limit their […]
Read MoreKUALA LUMPUR: CIMB Equities Research is retaining its Neutral outlook on beverages while its top picks are Berjaya Food and Power Root. It said on Monday the implementation of levy on sugary ready-to-drink beverages in Malaysia will be delayed by three months to July 1, 2019 from April 1 previously. “Milk-based drinks with sugar content of less […]
Read MoreProperty developer Asset Wise Co will focus on developing condos priced lower than 2 million baht a unit as the new loan-to-value (LTV) limits weaken the purchasing power of some buyers. Chief executive Kromchet Vipanpong said some condo buyers will be required by the new lending curbs to make a higher down payment, making them […]
Read MoreMANILA, Philippines — The Bureau of Customs (BOC) has issued the interim guidelines for the return of empty containers at the port of Manila (POM) and the Manila International Container Port (MICP) to prevent congestion in the harbors. Customs Commissioner Rey Leonardo Guerrero signed last Feb. 28 Customs Memorandum Order (CMO) 13-2019, which contains guidelines to address […]
Read MoreDanone SA, one of the world’s biggest food and drink companies, is expanding into Thailand’s 200-billion-baht beverage industry to capitalise on the growing trend towards healthier products. Floris Wesseling, regional vice-president for Danone Waters in Asia-Pacific and the Middle East, said during a visit to Thailand yesterday that the French company is paying more attention to expanding […]
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Thailand
