Cambodia and Laos have agreed to create a joint committee to solve a long-running border dispute between the two countries, officials announced yesterday. Cambodian Foreign Affairs Minister Prak Sokhonn and his Laotian counterpart Saleumxay Kommasith made the announcement at a press conference at the Ministry of Foreign Affairs after two days of meetings. According to […]
Read MoreKUALA LUMPUR: Johor ruler Sultan Ibrahim ibni Almarhum Sultan Iskandar has increased his stake in convenience store operator 7-Eleven Malaysia Holdings Bhd to 9.22%. Filings with Bursa Malaysia showed he had acquired an additional 2.44 million shares on Aug 28 to 30. The latest acquisitions increased his shareholding in 7-Eleven to 102.40 million shares. Shares of 7-Eleven […]
Read MoreThe retail industry has seen a slowdown in its pace of growth in the past year. On a global level, retail expansion went from a 3.1% increase of new retailers in 2015 to a 2% increase in 2016. While the Asia-Pacific region remains a popular choice for retail expansion, there was a 16% year-on-year decrease […]
Read MoreWhile tariffs across the Asia-Pacific region have dropped over the last 20 years as a result of bilateral and multilateral trade agreements, nontariff barriers such as red tape and quotas continue to hinder the economic growth of Cambodia and other countries in the region, the Asian Development Bank (ADB) said in a report released yesterday. […]
Read MorePETALING JAYA: RAM Ratings expects Malaysia’s export growth to rebound to 23.1% in July, or more than double the 10% growth in June. The ratings agency cited the strong export growth to be underpinned by the anticipated improvement in domestic industrial output in line with stronger demand from China, Singapore and Japan. As for imports, […]
Read MoreTHE Wholesale Trade Industry Transformation Map (ITM) kicked off on Wednesday, with strategies to build our own digital marketplaces, grow a vibrant ecosystem of wholesale traders in Singapore and build talent pipeline to support the transformation, among others. Four memoranda of understanding (MOUs) were signed on trade digitalisation project and programmes to build talent with […]
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Thailand
