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Grab starts mobile wallet service in Singapore

SINGAPORE: Grab, Southeast Asia’s largest ride-hailing app, is kicking off a new digital wallet service in Singapore as it stakes a claim to the region’s burgeoning mobile payments sector. Starting Wednesday, Grab will enable its 4 million users in the city-state to scan a quick response, or QR, code to pay for local dishes such […]

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Vietnam’s retail forecast to grow steadily

HANOI — Vietnam’s retail sector is forecast to be stable in the coming years, attracting investment from many foreign enterprises thank to its large population, brighter economic outlook and greater purchasing power. This was announced by experts participating in a survey of Vietnam Report Company (VNR), released in Hanoi on Tuesday. Another study by HSBC, titled “ASEAN Connected 2016”, […]

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Philippines: Consumer spending to boost mass market retailers

Strong consumer spending will benefit the mass grocery retail market but value-added services such as online shopping are not expected to gain much ground given logistics and infrastructure hurdles, a research firm said. “Growing consumer spending on food and non-alcoholic drinks, an urbanizing population and the majority of households falling in the low-income bracket will […]

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Thailand – BoT: 4% Q3 growth rests on export bump

Economic growth in the third quarter could expand by 4% year-on-year propelled by robust export growth, with year-end festivities expected to shore up further growth prospects in the remaining months, says the Bank of Thailand. “Thailand’s economic growth has improved based on strong export growth of 9.1% in the first nine months, with an all-time […]

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Eaton Sets Eyes on Indonesia’s Data Center

TEMPO.CO, Jakarta – Global power management company Eaton offers to accommodate Indonesia’s emerging data center and energy storage resources industry. Eaton will make Indonesia as one of its priority countries for solutions. The company plans to implement its newest technologies in Indonesia, including managing the data center of the future. This step is in line with the government’s ambition […]

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