SINGAPORE/SHANGHAI: Alibaba Group plans to expand its Southeast Asian arm, Lazada, to Europe, two sources familiar with the matter told Reuters, as the Chinese e-commerce company seeks further overseas growth amid slowing opportunities at home. The move comes months after Alibaba’s logistics arm, Cainiao, opened a central hub for European sales in Belgium. Alibaba is […]
Read MoreThe abrupt arrival of Covid-19 disrupted supply chains massively, creating bottlenecks that stymied the seamless flow of goods and raw materials that powers the global economy. As the effects of disruptions including the pandemic continue to reverberate, businesses in Asia Pacific, Southeast Asia included, have pivoted their supply chain strategies to address the ongoing disruptions. The current crisis in […]
Read MoreThe digital economy is booming in Southeast Asia. With 350 million digital consumers, the region is set to leapfrog China, outpacing the latter with a growth rate that is 1.6 times higher and becoming the fastest-growing digital economy in Asia-Pacific. According to research conducted by Bain & Company and Meta, the parent of Facebook, 78% […]
Read MoreSOUTH-EAST Asia could see softer economic growth in 2022, as the Asian Development Bank (ADB) pared its full-year gross domestic product (GDP) forecast to 4.9 per cent, from 5.1 per cent previously. Growth is expected to pick up to 5.2 per cent in 2023, as the recovery is gaining momentum “in most of the sub-region’s […]
Read MoreDisruptions to supplies of commodities, financial strains, and higher prices are among the impacts of the war in Ukraine that will slow economies in Asia in the coming months, the World Bank says in a report released Tuesday. The report forecasts slower growth and rising poverty in the Asia-Pacific region this year as “multiple shocks” compound […]
Read More[MANILA] The World Bank cut its growth forecast for East Asia and the Pacific for 2022 to reflect the economic impact of Russia’s invasion of Ukraine, warning the region could lose further momentum if conditions worsen. The Washington-based lender said in a report on Tuesday (Apr 5) it expected 2022 growth in the developing East […]
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