PETALING JAYA: Retail sales are expected to drop significantly in the first two months following the reintroduction of the sales and services tax (SST) on Sept 1, as consumers adopt a more cautious approach to spending. However, sales levels are expected to “return to normal” from November in conjunction with the school holidays and festive […]
Read MoreThe Hanoitimes – Despite high potentials of Vietnam`s retail sector, some large retailers have to scale down their initially ambitious plan on expanding convenience store chains in the market due to fierce competition and limited retail premises. Family Mart, a big Japanese retailer, once said that it would open 1,000 shops by 2020 in Vietnam. However, […]
Read MoreKasikornbank (KBank), the country’s third-largest lender by assets, plans to provide deposit service through Thailand Post, its banking agent, from next month, with the aim of offering more convenient access for customers. Deposits are a new service at Thailand Post under the Bank of Thailand’s amended regulations governing banking agents, said president Patchara Samalapa. Thailand Post […]
Read More[KUALA LUMPUR] Malaysia’s consumer price index rose at its slowest pace in more than three years in June, following the withdrawal of a goods and services tax (GST), government data showed on Wednesday. The inflation rate in June was at 0.8 per cent, its lowest since February 2015, when it was at 0.1 per cent. […]
Read MoreFirms will now be able to sell stock in the primary market after the Securities Exchange Commission of Cambodia (SECC) this week approved the activities of securities selling firms and agents, but demanded that they operate under a license. According to some industry insiders, the move will increase costs for existing brokerage firms. On a […]
Read MoreWASHINGTON — Federal Reserve Chairman Jerome Powell told lawmakers Tuesday that strong economic growth will keep the central bank on a path to gradually raise interest rates. But he noted that President Donald Trump’s get-tough trade policies run the risk of dampening future growth if they lead to permanently higher tariffs. Delivering his twice-a-year report on […]
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