Retailers look set to tap the government’s 1,000-baht cash giveaway and 15% cash rebate scheme, though they argue that such measures will provide only a short-term increase in purchasing power. Retail operators from all formats, including Central Group’s Robinson Department Store, Tops Market and Tops Daily; Big C; Tesco Lotus; Makro; CentralWorld; and various other […]
Read MoreIN response to media reports that Malaysia is advancing its anti-monopoly investigation into Singapore-based Grab Holdings Inc, the ride-hailing company on Thursday said that it has “fully cooperated” with the Malaysia Competition Commission (MyCC) in their request for information, and is not aware of any breach of competition laws since its acquisition of Uber last […]
Read MoreDespite a slower-than-anticipated rise in agricultural production, Cambodia’s economy is expected to grow at 7 percent this year on the back of strong growth in traditional sectors like garments, tourism, trade and construction, according to the latest forecast by the Asian Development Bank (ADB). The bank said growth in the garment and footwear industries was […]
Read MoreLaos is gearing up to construct a new dam in Luang Prabang, marking its latest effort to realize the goal of becoming the “Battery of Southeast Asia”. When completed, the hydropower project will have the capacity to generate 1,410 MW, producing 7,380 Gwh per year. This will make it the largest project in Laos to […]
Read MoreMANILA, Philippines — An interagency group for intellectual property rights (IPR) protection and enforcement is pushing for legislation which would hold e-commerce sites and malls liable for the sale of counterfeit items on their platforms. In a press conference ahead of the National Committee on IPR’s high-level meeting yesterday, Trade Secretary Ramon Lopez who chairs […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has given some banks the green light to raise fees on ATM services by P3 per transaction to allow them to recover their operating costs. BSP Deputy Governor Chuchi Fonacier said in an interview with reporters the banks would have to comply with the conditions, particularly […]
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Thailand
