SOUTH-EAST Asian stores are becoming more popular with tourists from mainland China during Golden Week festivities, according to Chinese e-wallet provider Alipay. Asean made up half of the top 10 destinations by transaction volume, during the week-long holiday that began with China’s National Day on Oct 1, compared with three in the year before. Newcomers […]
Read MoreRENTAL prices in Singapore fell in September for both non-landed private homes and HDB flats as compared to August, though the rents increased on a year-on-year basis. This is according to SRX flash data released on Wednesday. Meanwhile, rental volumes fell for private condominiums, but rose for HDB flats on a month-on-month basis. Overall rents […]
Read MoreA report entitled “Swipe up and to the right: Southeast Asia’s $100billion internet economy”, compiled by Google, Temasek, and Bain & Company, cites Indonesia as the ‘king’ in the ride-hailing sector, or application-based transportation services, with the industry reaching US$6billion in 2019. This growth is a 6-fold increase in the market since 2015. “The ride-hailing […]
Read MoreKUALA LUMPUR (Nikkei Markets) — Malaysia Tuesday extended tax benefits to companies seeking to establish their regional or global headquarters in the country as part of a broader push to attract investments and create high-skill jobs when a lingering U.S.-China trade war clouds exports prospects and has prompted several multinationals to re-look at their supply […]
Read MoreCambodia’s ranking in the latest global energy sustainability survey has improved dramatically, indicating that the Kingdom’s efforts to solve its energy woes and providing an adequate power supply are making headway. This also means that Cambodia, which suffered a crippling power problem a few months ago, has recovered well from that crisis. After many of […]
Read MoreJakarta. Tech giant Google and Singaporean wealth fund Temasek have updated their projection for Indonesia’s internet economy to reach $133 billion in total value by 2025, 33 percent higher than previously estimated. Expansion of e-commerce to smaller cities and rural areas and growing adoption of digital payment services will drive most of the growth. The figure was mentioned in a report titled “e-Conomy SEA 2019: […]
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