MANILA, Philippines — The food retail industry in the country will continue to expand with total sales expected to reach a record-high $50 billion, driven by rising income and a growing population. In the latest report of the United States Department of Agriculture-Foreign Agricultural Service (USDA-FAS), the domestic food retail market is seen increasing by […]
Read MoreKUALA LUMPUR: Big US companies are accelerating efforts to move more of their supply chains from China to neighbouring countries in light of Trump administration tariffs. Companies in sectors such as technology, clothing and footwear are exporting more goods from emerging giants including Vietnam and Malaysia, data show. At the same time, the shift has […]
Read MoreThe Hanoitimes – The tax exemption could reduce the state budget revenue by VND9.2 trillion (US$396 million) per year, but lay a foundation for micro and small enterprises to develop in the long term. Vietnam’s Ministry of Finance (MoF) is proposing a regulation that exempts the corporate income tax for micro and small enterprises in […]
Read MoreWith large-scale industries reluctant to invest in the border special economic zones (SEZs), Deputy Prime Minister Somkid Jatusripitak has assigned government agencies to come up with more measures and incentives to draw investment from small and medium-sized enterprises (SMEs). Mr Somkid said the Board of Investment (BoI), the Industry Ministry and the National Economic and […]
Read MoreSoutheast Asia’s e-commerce market is well on its way to exceeding Google’s prediction of hitting US$200 billion in value by 2025, with e-commerce players such as Lazada, Shopee, and Tokopedia expanding their efforts in the region to meet ever-growing customer demands. E-commerce growth in Southeast Asia is driven by a high mobile internet penetration rate, young consumers […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is likely to slash interest rates two to three more times this year on the back of the continued inflation downtrend as well as slower economic growth. Chidu Narayanan, economist at Standard Chartered Bank, said the BSP would likely reduce interest rates by another 75 basis […]
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Thailand
