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Bursa Malaysia is Asia’s only loser of 2019

KUALA LUMPUR: The euphoria following Malaysia’s historic election last May has faded, leaving its stock market as Asia’s only one in the red this year. The benchmark FTSE Bursa Malaysia KLCI index has fallen more than 1% so far in 2019, the only decliner in the region, while neighbouring Singapore has surged 5% and Indonesia […]

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Thailand: Siam Piwat plans 2 megamalls

Siam Piwat Co, the operator of Iconsiam and Siam Paragon, will spend 70 billion baht during 2019-23 to develop two large-scale malls and acquire office towers and logistics centres as it aims for 51-63 billion baht in revenue by 2023.  Chief executive Chadatip Chutrakul said 90% of the five-year investment budget will be spent on development […]

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Sea freight dominates logistics in Cambodia

Most international shipments last year were carried out via sea freight, the Cambodia Freight Forwarders Association said. About 90 percent of exports and imports in the country last year were made on cargo ships, CAMFFA president Sin Chanthy said, explaining that maritime transport is up to three times cheaper than air freight. According to data […]

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