PETALING JAYA: Significant capacity expansions by casinos in the region have resulted in intensifying competition for Genting Malaysia Bhd ’s casino business, particularly in its mass and premium-mass segment. Affin Hwang Capital Research said casinos in Cambodia, Philippines and Vietnam have recently expanded their capacities, emerging as Genting Malaysia’s “biggest competition threat” in the two segments. It […]
Read MoreLicenses for importing some of the over 4,000 products into the country will be done away with as part of the move to facilitate trade and ensure Myanmar adheres to international trade regulations. Ministry of Commerce assistant secretary U Khin Maung Lwin said import licenses will be done away with in a move to facilitate […]
Read MoreBank of Thailand governor Veerathai Santiprabhob has toned down his hostility towards Facebook’s digital currency plan, but he said prudent study of both the benefits and risks of the virtual coin is still needed. The social media giant’s Libra stablecoin would give more opportunities to Thais in financial access, he said, but the digital coin’s […]
Read MoreInformal businesses owned by Chinese nationals are on the rise in central Phnom Penh, especially in Tonle Bassac commune, surrounding Koh Pich. Such businesses have sprung up notably in Central Market, Orussey Market, Sovanna Shopping Mall, Rattana Plaza, as well as Kakab commune across from Phnom Penh International Airport. The influx of Chinese nationals over […]
Read MoreTHAILAND’S consumer sector will be led by food and beverage in the second half of 2019, on relatively strong food inflation and a pick-up in drinks consumption, a report has said. As the increase in food and non-alcoholic drink costs continues to outpace headline inflation, Nomura research analysts Thanatcha Jurukul and Rajesh Kumar are banking […]
Read MoreAs the excise tax for motorcycles will increase from January 2020, demand is expected to rise in the second half of this year, says BMW Motorrad, the German motorcycle maker. Christian Samlowski, the new head of BMW Motorrad Thailand, said the remainder of 2019 offers potential for buyers before the prices change next year. In […]
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