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Thailand: Ikea touts e-commerce to boost sales

Ikea has launched its online store as the Swedish furniture chain seeks to attract forward-looking customers in Thailand. According to Lacia Sherlock, deputy retail manager for Thailand, Singapore and the Philippines, the e-commerce platform was developed for modern shoppers and to meet the changing lifestyles of people who spend a considerable amount of time online. Ms […]

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Philippines: Debt-to-GDP ratio rises to 44% in Q1

MANILA, Philippines — The proportion of the national government’s debt to economic output rose to 44 percent in the first quarter of the year due to the increase in domestic borrowings, the Department of Finance (DOF) said yesterday. In an economic bulletin, Finance Undersecretary and chief economist Gil Beltran said the debt-to-GDP ratio expanded to […]

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Starbucks to license Thai operations

Starbucks Corp agreed to license its Thailand operations to a partner, in the latest sign that the coffee behemoth is sharpening its focus on its key markets of China and the US. The company entered into an agreement with Coffee Concepts Thailand, a joint venture between Maxim’s Caterers Ltd and Thai partner F&N Retail Connection […]

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Indonesia: BI projects 0.51 percent inflation in May

Bank Indonesia projects inflation at 0.51 percent in May, higher than the previous month, with year-on-year (yoy) inflation estimated at 3.14 percent. In April, the inflation rate was recorded at 0.44 percent. BI Governor Perry Warjiyo said the factors that pushed inflation up was mainly airfares, red chili and garlic, while deflationary factors included rice […]

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Thai expats see incomes soar

The pay and benefits packages of expatriates in Thailand saw a major increase, with the overall package of an average overseas worker increasing by US$27,917 year on year, according to a new survey.  Lee Quane of ECA International said the MyExpatriate Market Pay report reflected Thai economic growth He said: “The Thai economy has continued […]

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Bank Indonesia to close from June 3 to 7

Bank Indonesia (BI) has announced it will not operate from June 3 to 7, when Muslims celebrate the Idul Fitri holiday, marked by the exodus of millions of people to their hometowns. In a statement published on its official website, BI said the decision was made in reference to a joint decree issued by the […]

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