SINGAPORE-based e-commerce and gaming firm Sea Ltd is cutting fewer than 500 jobs at its Indonesian unit Shopee, Bloomberg News reported on Friday, as part of a broader wave of cuts to control ballooning losses. The latest layoffs affect full-time and contract workers in Shopee’s customer service team, the report said, citing a person familiar […]
Read MoreThe Royal Government of Cambodia (RGC) on Monday issued a sub-decree on requirements and procedures for business mergers and acquisitions to enhance the business environment in the country by preventing businesses from blocking or limiting market shares and entrance channels on its path to leaving the Least Developed Country (LDC) category. The sub-decree on conditions […]
Read MoreFacebook, YouTube, Netflix and TikTok, with powerful financial resources, attract a high number of users and ads compared with Vietnam’s press. Some newspapers have reported a 60-70 percent decrease in revenue. At the recent 2023 Press Economic Forum, a representative of HCM City Television spoke about the challenges for the press in the multimedia era. […]
Read MoreMANILA, Philippines — Listed utility firm Manila Electric Co. raised its power rate in March after a scheduled maintenance of Malampaya facility pushed up generation costs for the month. In a statement on Friday, Meralco said its overall electricity rate went up by P0.5453 per kWh to P11.4348 per kWh this month. That means a typical […]
Read MorePETALING JAYA: Economists have welcomed Bank Negara’s move to keep the country’s benchmark interest rate unchanged for the second time this year. With the economy expected to slow down in the coming quarters amid elevated price pressures, the central bank’s decision to retain the overnight policy rate (OPR) at 2.75% may provide breathing space for […]
Read MoreGrab Thailand is optimistic with regard to its operating profit this year given the business direction of its parent, Nasdaq-listed Grab Holding, which aims to break even. The local unit plans to focus on sustainable growth thanks to the recovery of its core businesses, especially ride-hailing, with daily service usage slightly surpassing levels posted before the […]
Read More
Thailand
