PETALING JAYA: CIMB Equities Research has cut Supermax Corp’s financial year (FY) 2018-2019 (forecast) estimates by 10.8% to 14.3% to account for a higher tax rate and higher operating expenses, especially in the contact lens segment. The research firm said its “hold” call remains but its target price was lowered to RM1.74, still based on […]
Read MoreTEMPO.CO, Jakarta – The Indonesian Retailers Associations (Aprindo) deputy chairman Tutum Rahanata has confirmed the reports on the shutting down of Ramayana supermarkets. Tutum was told that Ramayana closed its supermarkets for layout and formatting changes. “Whether the closing was due to loss or not it cannot be confirmed yet,” he said Thursday, August 31. Tutum said that he […]
Read MoreThe number 8 is typically viewed as lucky in Chinese culture. Right now, however, 8 is a hideous number for many Thai exporters, since that is how much the baht has appreciated in percentage terms since the Year of the Rooster began. Two questions arise: (1) what are the underlying factors behind the baht’s current […]
Read MoreLISTED conglomerate Ayala Corp. announced on Thursday it has completed the acquisition of a significant stake in BF Jade E-Services, Inc., which owns the online fashion retailer Zalora. Ayala Corp. said it has acquired over 269 million shares, equivalent to a 43.28 percent stake in BF Jade, while Ayala Land Inc. (ALI) in a separate […]
Read MoreFrom tackling illegal border trade to constructing Kyaukphyu SEZ, the to-do list for Belt and Road in Myanmar is very long. THE Myanmar government is urged to take a proactive role and form a taskforce to carve out its involvement in China’s Belt and Road Initiative (BRI). An adviser to the National League for Democracy-led […]
Read MoreThe Revenue Department hopes to collect revenue of 1.926 trillion baht in the 2018 fiscal year which starts on Oct 1, up about 7% on 2017. Director-general Prasong Poontaneat said revenue in fiscal 2017 was likely to meet the target, supported by the economic recovery. In the first 10 months of fiscal 2017 (October […]
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