SIMON PROPERTY Group, a US-based operator of premium shopping outlets, has set sights on the Southeast Asia market for future expansion, Uchenna Akujuo, the group’s director for international development and finance, revealed. Akujuo said the company’s success in the development of premium outlets stemmed from its strong relationship with top global brands. He said that […]
Read MoreThe Energy and Mineral Resources Ministry has blamed accelerating economic activity for an increase in energy imports, the largest contributor to the country’s trade deficit in August. Statistics Indonesia announced on Monday that the country’s trade deficit had risen to US$1.02 billion in August, mostly as a result of oil and gas imports, which had […]
Read MoreRETAILERS will no longer need to bother about logistics and fleet operators or worry about empty runs in Myanmar thanks to an innovative technical solution launched earlier this year, according to Soe Pyae Aung, co-founder and chief operating officer of KoneSi Freight Co. “Logistics costs in Myanmar are among the highest in Southeast Asia, accounting […]
Read MorePETALING JAYA: The local retail sector is expected to register a modest growth of between 5% and 6% this year, underpinned by sustained consumer sentiment from improved consumer spending and stability in the market. Malaysian Association for Shopping and High-Rise Complex Management past president Richard Chan said the local retail sector should grow “more than 5%” this year, buoyed by the three-month tax holiday and the […]
Read MoreRetailers need to create more value for consumers by using the proper equipment, data and technology, according to Will Yunfei Wu, project manager for RetailEX Asean, the largest annual international trade exhibition and conference in Southeast Asia. “2018 is the year of evolution of physical retail. As we head towards the end of the year, […]
Read MoreThe Finance Ministry’s Customs and Excise Office has issued a regulation to lower the import limit for online shopping to only US$75 from the initial $100. “The new regulation will take effect on Oct. 10,” said its director general, Heru Pambudi, in Jakarta on Monday as reported by kompas.com. He said the policy was stated in Finance Minister Regulation No 112/PMK.04/2018 on […]
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Thailand
