Fast Retailing Co, operator of the Uniqlo fashion brand from Japan, is set to expand further in Thailand after today’s official opening of Southeast Asia’s first Uniqlo roadside store on Phatthanakan Road in eastern Bangkok. Uniqlo Phatthanakan has a sales space of 1,440 square metres and expects to draw 2,000 visitors a day. The investment value […]
Read MoreThe Trade Ministry has found some importers to have misused the post-border check policy implemented in early February. Trade Ministry international trade director general Oke Nurwan said the “naughty” importers had misused the policy by not including valid documents and making false declarations about the goods they had imported. “We are investigating the case. It […]
Read MoreKUALA LUMPUR: China’s move to throw down the gauntlet in the ensuing trade war with the US will leave Malaysia’s highly open economy vulnerable as exports account for 71% of the country’s gross domestic product (GDP). While heavy foreign positioning in government bonds shows that the exposure to capital outflows is high, Nomura Global Markets […]
Read MoreMONETARY authorities decided to keep key interest rates unchanged on Thursday with inflation expected to remain on target this year and the next. The Bangko Sentral ng Pilipinas’ (BSP) overnight borrowing, lending and deposit rates were maintained at 3 percent, 3.5 percent and 2.5 percent, respectively, during the Monetary Board’s second policy meeting for 2018. […]
Read MoreAn interim budget of K10.6 trillion for the six-month interim period between April 1 and September 31 was signed and approved by President U Htin Kyaw before he announced his resignation on Wednesday. Even though K100 billion-K130 billion was slashed from the government’s original budget proposal, spending is still expected to exceed revenue by more than […]
Read MoreAs Thai firms shift their focus to upmarket items, they are looking to invest heavily in Europe and North America, the largest markets for these products. Thai Union, Sea Value, Double A, Indorama Ventures and PTT Global Chemical (PTTGC) recently announced major investments in France, and the European continent more broadly. Gilles Garachon, France’s Ambassador […]
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