SINGAPORE: Malaysia is inching closer to regaining its lead over Singapore’s economy after trailing for a third straight year. The nation’s gross domestic product was $314.5 billion in 2017, about $9.4 billion less than Singapore’s $323.9 billion, according to data from the World Bank. That deficit is set to shrink to just over $2 billion […]
Read MoreKUALA LUMPUR: Malaysia’s inflation rate fell below 1% in June, which was the first time in 40 months following the abolishment of the Goods and Services Tax (GST) , discounted prices by retailers and price control due to the festivities. The Statistics Department said on Wednesday the Consumer Price Index (CPI) was 0.8% in June […]
Read MoreIndonesia will soon auction 16 mining sites as no proposal submissions have been submitted by state-owned enterprises (BUMN) and regional administration-owned enterprises (BUMD) as of the submission deadline on Tuesday. Under Energy and Mineral Resources Ministerial Regulation No 11/2011 on the proposal submission procedures for the operation of coal and mineral resource sites, BUMNs and BUMDs are given priority to submit proposals. […]
Read MorePETALING JAYA: Retail sales are expected to drop significantly in the first two months following the reintroduction of the sales and services tax (SST) on Sept 1, as consumers adopt a more cautious approach to spending. However, sales levels are expected to “return to normal” from November in conjunction with the school holidays and festive […]
Read MoreThe Hanoitimes – Despite high potentials of Vietnam`s retail sector, some large retailers have to scale down their initially ambitious plan on expanding convenience store chains in the market due to fierce competition and limited retail premises. Family Mart, a big Japanese retailer, once said that it would open 1,000 shops by 2020 in Vietnam. However, […]
Read MoreKasikornbank (KBank), the country’s third-largest lender by assets, plans to provide deposit service through Thailand Post, its banking agent, from next month, with the aim of offering more convenient access for customers. Deposits are a new service at Thailand Post under the Bank of Thailand’s amended regulations governing banking agents, said president Patchara Samalapa. Thailand Post […]
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