SINGAPORE’S services businesses closed off 2019 with another jump in their takings, helped by a recovery in recreation and personal services spending. Business receipts grew by 4.6 per cent year on year in the fourth quarter, up from 2.3 per cent in the three months prior, according to Department of Statistics (SingStat) data out on […]
Read MoreCambodia and Thailand are planning temporary opening of a crossing along Stung Bot of Cambodia’s Banteay Meanchey province and Thailand’s Ban Nong Ian area in Sa Kaeo province. The news was shared in a meeting between H.E. Heng Rathpisidh, Cambodia’s Director General of Public Works General Department, Ministry of Public Works and Transport, and Mr. Apichart Junratasup, Deputy […]
Read MoreThough motorbike sales in Vietnam ranked second in ASEAN last year, domestic demand showed a decline against regional growth. The country recorded 3.27 million units sold, second to Indonesia at 6.53 million, according to Italy-based market research firm Motorcycles Data. Vietnam’s figure was almost twice that of third-ranking Thailand with 1.73 million units sold. unitsMotorbike […]
Read MoreThe Hanoitimes – Vietnam’s modern grocery retail and pharmacy sector will benefit specifically from the country’s consumer spending growth story. Consumer spending in Vietnam continues to expand and outpace its ASEAN peers as the country’s real household spending is predicted to grow by 7.9% year-on-year in 2020, a slight slowing on the 9.9% recorded last year, […]
Read MoreThailand’s richest man wants to set another record. Billionaire Charoen Sirivadhanabhakdi, via his recently listed property unit Asset World Corp, has his sights on building the nation’s tallest skyscraper. Details are scant — no official height has been set and completion isn’t expected until 2025 — but the tower, at the centre of another $948 […]
Read MoreWeak consumer demand is contributing to a decades-low inflation rate in Indonesia, as the central bank steps up efforts to control inflation rates at the same time, a Bank Indonesia (BI) senior official says. BI senior deputy governor Destry Damayanti said Indonesia’s low inflation rate in 2019, which at 2.72 percent is the lowest in […]
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