MANILA, Philippines — The local unit of American automotive brand Ford Motor Co. hopes to sustain throughout 2018 the growth it has so far enjoyed this year amid the slowdown currently plaguing most players due to the implementation of higher excise taxes on automobiles. Ford Philippines managing director Bertrand Lessard said the company is off […]
Read MoreThe Hanoitimes – After an impressive growth rate of 7.38% in the first quarter, the economy will continue its strong growth till the end of the year, albeit at slightly lower rates, according to Vietnam Institute for Economic and Policy Research (VEPR). Consequently, VEPR forecasted the growth rate in 3 remaining quarters at 6.51%, 6.84% and […]
Read MoreIn the days following the announcement that ride-hailing giant Uber was selling its Southeast Asia assets to regional competitor Grab, regulators and government officials across the region took action to ensure the move wouldn’t hurt competition in the sector. Regulators in the Philippines and Singapore, where Grab is based, launched anti-trust investigations, while Malaysian officials […]
Read MoreMANILA, Philippines — The Philippines’ trade gap further widened in February, after exports fell for the first time in more than a year while imports posted double-digit growth, the government reported on Wednesday. The country’s trade deficit swelled to $3.06 billion in February 2018, higher than the $1.77 billion gap registered in the same month […]
Read MoreOf the 1 trillion baht in investment expected to pour into the government’s flagship Eastern Economic Corridor in Chachoengsao, Chon Buri and Rayong, about 500 billion baht is expected to take the form of public procurement — government construction contracts and purchase agreements — with 300 billion to be financed by borrowing spread over the next […]
Read MoreOnline shoppers in Asia remain the least satisfied with all aspects of their shopping experience, compared to other regions, according to the UPS Pulse of the Online Shopper Study. Free shipping still critical, with online shoppers in Asia paying for shipping only on an average of 15 per cent of orders, the lowest percentage globally. […]
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