Consumer goods giant PT Unilever Indonesia reported a 6.53 percent growth in net profit in the first quarter of 2020 as domestic and foreign sales saw an upsurge amid the COVID-19 pandemic. The publicly listed company, which owns soap brand Lifebuoy and Lipton tea, among other brands, reaped a net profit of Rp 1.86 trillion […]
Read MoreNguyen Kim home appliance distribution chain has been acquired by Central Retail of Thailand. The deal was made in June 2019, but the information was revealed when Central Retail Corporation (CRC), a subsidiary of Central Group, had an IPO on February 20, 2020. The prospectus of the company showed that Nguyen Kim’s business results have […]
Read MoreMANILA, Philippines — Companies and individuals have been given more time to file their various tax returns and make the corresponding payments as the enhanced community quarantine in the National Capital Region (NCR) and nearby provinces has been extended anew, according to the Bureau of Internal Revenue (BIR). Finance Secretary Carlos Dominguez and Internal Revenue […]
Read MoreSINGAPORE (BLOOMBERG) – Factory output across several Asian countries slumped to record lows in April, signalling a deeper contraction in the world’s manufacturing hub even as China begins restarting some operations. Purchasing Managers’ Indexes (PMIs) across South-east Asia slumped further below 50, the dividing line between contraction and expansion, to post their weakest readings since […]
Read MoreWhile COVID-19 dealt a blow to the retail market in the first quarter, e-commerce, online shopping, and delivery services emerged as clear beneficiaries. Vo Thi Phuong Mai, associate director and head of retail services at CBRE Vietnam claims COVID-19 has negatively impacted offline traffic but at the same time created many opportunities for growth for […]
Read MoreKUALA LUMPUR, May 4 — The local manufacturing sector was an unsurprising victim following measures taken to contain the Covid-19 outbreak, as market analysts IHS Markit released a report today indicating sharp a decline in revenue and production volumes. A report by IHS gauging the Purchasing Managers’ Index (PMI), a value indicating an index of […]
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Thailand
