Central Retail Corporation is ready for the e-commerce race, aiming to double its online sales to 10 billion baht this year. Nicolo Galante, chief executive of Central Group’s retail business, said the company is investing billions of baht in technology, teams and new services in order to take the lead in the e-commerce business by 2021. […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) said yesterday the failure of Korean shipbuilder Hanjin Heavy Industries and Construction Philippines (HHIC-Phil) to settle its obligations to five of the largest banks in the Philippines worth over P21 billion would have minimal impact on the capitalization of the banking industry. In a statement released by the Investor Relations […]
Read MoreDigital advertising in the country this year should reach 124 billion baht, marking growth of 4.8%, thanks to consumer sentiment rebounding, the upcoming general election, government stimulus and fast online media growth, says a marketing and media network. The digital channel will have growth of 20% and is expected to nearly equal the value of TV […]
Read MoreThe condo supply in Phnom Penh increased by nearly 19 percent in the last quarter of 2018, with 2,234 new units joining the market, according to CBRE’s latest report. Eight new projects were completed in Q4, CBRE said. The mid-range segment – with the completion of projects like East View, Sky 31, and The View […]
Read MoreMANILA, Philippines — The Philippine economy may hit some speed bumps this year with the first quarter gross domestic product (GDP) growth falling below six percent for the first time in more than three years, according to Dutch financial giant ING Bank. ING Bank senior economist Nicholas Mapa said growth is expected to hit a speed bump in the […]
Read MoreKUALA LUMPUR: Malaysia’s economic fundamentals remain strong due to its diversified economy, despite the recent downgrade by Nomura Global Markets Research on the Malaysian equity market, says the World Bank. World Bank Group’s macroeconomics, trade and investment lead economist Richard Record said Malaysia’s diversified income stream such as electrical and electronic manufacturing, commodities, natural resources, […]
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Thailand
