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Myanmar attracts over USD348M in foreign investment in Q1 of FY 2020-2021

YANGON (XINHUA) – Myanmar attracted investment capital of over USD348 million from permitted foreign enterprises in first quarter of the present fiscal year (FY) 2020-2021 starting October, according to figures issued by the Directorate of Investment and Company Administration (DICA) yesterday. In the cited quarter of the current fiscal year, the Myanmar Investment Commission (MIC) […]

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Thailand: Retail slump prompts calls for action

The retail sector lost 500 billion baht in 2020, while the retail index for the first quarter this year is expected to fall by 7-8%, according to the latest predictions by the Thai Retailers Association (TRA). In response, the TRA has requested the government to provide urgent assistance to stimulate the economy and bring rising […]

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Thailand: Future of department stores redefined

While department stores have been a familiar destination for Thai people for decades, lower growth and a decline in popularity has been evident in recent years, particularly in 2020 when the pandemic battered the retail sector, according to the property consultancy CBRE. To adapt to the disruption caused by e-commerce and changing consumer behaviour, department […]

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