KUALA LUMPUR: Malaysia is seeking a new contractor to build the East Coast Railway Link (ECRL), after terminating the original contract awarded to China Communications Construction Company (CCCC) on Tuesday (Jan 22), a source told The Straits Times. It is understood that the government is seeking to halve the estimated project cost of RM81 billion (S$27 billion) […]
Read MoreHCM CITY — Grab has announced that its food delivery service, GrabFood, will be expanded to 12 more cities and provinces in Vietnam, taking the total number where it is available to 15. They are Can Tho, Quang Ninh, Hai Phong, Hue, Nha Trang, Vung Tau, Binh Duong, Dong Nai, Da Lat, Phan Thiet, Buon […]
Read MoreLarge retailers, such as supermarkets and hypermarkets, will likely continue to experience subdued growth in 2019, which will benefit minimarket operators, Fitch Ratings says. “The shift in customers’ preference toward shopping in smaller quantities has heightened competition. The trend has hurt the growth of hypermarkets and supermarkets,” Fitch said in a press release on Wednesday. […]
Read MoreThe changing lifestyles and preferences of consumers are causing financial distress to many retailers who refuse to reinvent their stores. Traditional retailers are under intense pressure from the rapid transformation of the retail industry. Today, consumers want to maximise their shopping experience with minimal effort and maximum convenience. To meet consumers’ high expectations, big players […]
Read MoreEconomic growth for Thailand was likely 4.1-4.2% last year, short of the Finance Ministry’s target of 4.5% because of lower than expected exports, says the head of the Fiscal Policy Office (FPO). To achieve the ministry’s target, exports had to expand 8%, but last year’s outbound merchandise shipments grew 6.7% after unexpectedly shrinking 1.7% year-on-year […]
Read MoreExports fell for a second straight month in December, dropping the full-year performance for 2018 to 6.7% growth and missing the 8% target set by the government. The Commerce Ministry reported Monday that customs-cleared exports unexpectedly shrank by 1.7% year-on-year last month with a value of UScopy9.4 billion after contracting 0.95% in November. The December decline was […]
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