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Thailand: King Power budgets B10bn for five years

King Power Group, the country’s largest duty-free operator, plans to spend 10 billion baht for business expansion over the next five years, aiming to become a top five global chain. Chief executive Aiyawatt Srivaddhanaprabha said the budget will be used to open five duty-free branches in Thailand and overseas, bringing its total to 14 by […]

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Cambodia: Airports raise a smile

Cambodia’s three airports today join France’s Vinci airport network in organizing ‘Smiling Day’, the company’s flagship event for customer care, loyalty-building and passenger services.  Vinci Airports, which has a 70 percent share in Cambodia Airports, is organizing ‘Smiling Day’ at all airports in its network.  Cambodia, Chile, the Dominican Republic, France, Japan and Portugal are […]

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Vietnam: Anti-dumping steel tax imposed

HANOI — The Ministry of Industry and Trade on Thursday officially decided to levy anti-dumping duties on imported coated steel from mainland China (including Hong Kong) and South Korea. Accordingly, Bazhou Sanqiang Metal Products will be taxed 26.36 per cent, BX Steel POSCO Cold Rolled Sheet 38.34 per cent, Bengang Steel Plates 27.36 per cent, […]

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Malaysia: Ringgit lower against US$ early Friday

KUALA LUMPUR: The ringgit was lower against a rejuvenated US dollar early Friday, said a dealer. At 9.23 am(0123gmt) Friday, the ringgit was quoted at 4.4220/4260 against the dollar from 4.4190/4220 at 6pm on Thursday. The greenback rose on a combination of technical trading and strong first quarter US Gross Domestic Product data. “The 4.42 […]

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Indonesia: Politics may affect rupiah

JAKARTA: Indonesia’s rupiah may reverse gains that made it emerging Asia’s top performer in 2016 as some of the currency’s key supports risk turning into Achilles heels. President Joko Widodo’s economic reforms have underpinned the rupiah’s advance as have the highest Asian bond yields after Pakistan, which make its debt a favourite among foreign investors. […]

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