People fill the petrol into his car in a petrol station in Kuala Lumpur. AZHAR MAHFOF/The Star
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Malaysia registers 2.9% inflation in October

KUALA LUMPUR: Malaysia’s inflation rate in October, as measured by the Consumer Price Index (CPI), rose 2.9% from a year ago due to an increase in transport costs as well as prices in other segments including housing, water, electricity, gas and other fuels. For the period of January to October, the country’s CPI grew 2.3% […]

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Philippines: World’s biggest IKEA opens in Manila

Manila: IKEA has opened its biggest store in the world in the Philippines, with the new 730,000 square foot facility in Manila a cornerstone of the home-furnishings giant’s expansion plans in Asia. The opening on Thursday was feted with an event held at the store’s cafeteria attended by Philippine Trade Secretary Ramon Lopez and Foreign […]

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Laos to Graduate from Least Developed Country Status

The United Nations General Assembly has adopted a resolution that will see the graduation of Laos from the least developed country category. Laos, along with Bangladesh and Nepal, will officially graduate from the least developed country (LDC) category after the UN General Assembly adopted a resolution on the three nations yesterday. According to a statement by the […]

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Takings rise 16% year on year for Singapore’s services industries in Q3

SINGAPORE’S services industries saw business receipts rise 16 per cent year on year for the third quarter, according to Department of Statistics (Singstat) figures on Friday (Nov 26). Business receipts were also up 4.8 per cent on a quarter-to-quarter non-seasonally adjusted basis. However, Singstat’s business receipts index excludes wholesale trade, retail trade, and accommodation and […]

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Philippines: ADB urges faster work on regional tax hub

MANILA, Philippines — The Asian Development Bank has called on governments in Asia-Pacific to speed up progress on the tax hub to address debt problems and inequality hounding most countries. ADB said this would also improve domestic resource mobilization (DRM) or the process through which countries raise and spend their own funds to provide for […]

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Vietnam: Who dominates the e-commerce markets in Q3?

Three e-commerce platforms are the most popular multi-vendor ones across Vietnam, Thailand and Malaysia. Shopee, a Singapore-based company, has taken hold of most of the market share in term of website traffic across three countries Vietnam, Thailand and Malaysia. According to the latest iPrice study with data from SimilarWeb, in Vietnam, Shopee obtained 57% of the […]

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