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Indonesia: Office Demand Increases as E-commerce Businesses Grows Rapidly

TEMPO.CO, Jakarta – A research conducted by property consultant Savills Indonesia shows that e-commerce and tech companies are now occupying commercial office buildings. The tech companies include fintech companies and software development companies. Savills Indonesia research and consulting department head Anton Sitorus said that most of the companies earlier used houses, house-shops (known as ruko) or small warehouses as […]

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Vietnam: August retail sales in huge surge

HANOI — Vietnam’s total revenue from retail sales and services reached VND2.58 quadrillion (US$114.7 billion) in the first eight months of this year, a year on year increase of 10.3 per cent, reported the General Statistics Office (GSO). The figure amounted to an 8.9 per cent increase, excluding the price factor, the highest rise recorded since […]

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Malaysia: Higher tax rate damper for Supermax

PETALING JAYA: CIMB Equities Research has cut Supermax Corp’s financial year (FY) 2018-2019 (forecast) estimates by 10.8% to 14.3% to account for a higher tax rate and higher operating expenses, especially in the contact lens segment. The research firm said its “hold” call remains but its target price was lowered to RM1.74, still based on […]

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