SINGAPORE: With sales stagnating and high rent and manpower costs eating away at his profits, Azan Tengku, the director of Singaporean gift company Kalms, decided to close down his stores and move all his products into vending machines. Kalms, which has rolled out 50 machines island-wide that sell mostly teddy bears and jewellery, is one […]
Read MoreThe shift of linear TV to internet streaming and video on demand is revolutionising the entertainment industry and pitting tech giants against entertainment firms. Statista predicts the global entertainment and media market to be worth US$2.2 trillion (68.6 trillion baht) in 2021. According to projections, internet video will see the highest compound annual growth rate globally […]
Read MoreSYDNEY: The leaders of Australia and Singapore closed a regional summit on Sunday with a stand against against protectionism, arguing in favour of multi-nation trade deals as fears mount that US plans for new tariffs could stoke a global trade war. “We strongly believe that a free, open and rules-based multilateral trading system is key […]
Read MoreThe Hanoitimes – Hundreds of real estate projects can revive through the merger and acquisition (M&A) if non-performing loans (NPLs) can be settled, according to Le Hoang Chau, Chairman of the Ho Chi Minh City Real Estate Association. Some 60-70 percent of the total VND300 trillion (US$13.21 billion) NPLs, or over VND220 trillion (nearly $10 billion) […]
Read MoreSINGAPORE’S exports defied economist expectations to post an unexpected decline last month. Non-oil domestic exports (NODX) shrank 5.9 per cent in February from the same month a year earlier. This was the first decline since September last year and was likely due in part to the Chinese New Year, which started on Feb 16. The […]
Read MoreTesco Lotus Thailand has launched its biggest discount programme ever as sales of fast-moving consumer goods (FMCG) are expected to dip 1% this year — the largest fall in recent history. Domestic sales of FMCG, including food, increased 1.7-2.6% for retailers between 2014 and 2016. The projected decrease this year is in large part driven by […]
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Thailand
