Cambodia is becoming an attractive destination for Macanese junket casino operators to set up shop, as the market is currently rapidly growing while the junket market in Macau is shrinking, according to Morgan Stanley Asia Ltd analysts. Praveen Choudhary and Jeremy An of Morgan Stanley Asia visited Macau last month and issued a memo that […]
Read MoreSINGAPORE: Singapore will allocate a further S$300mil (US$222mil) to spur research in digital innovation as the government transforms the economy through technology. The amount, almost double the current budget, is part of the next phase of the National Research Foundation’s five-year plan ending 2020, Minister for Communications and Information S. Iswaran said during a parliamentary […]
Read MoreThailand’s border trade edged up 1.84% year-on-year in January, with Malaysia still the biggest trade partner. Adul Chotinisakorn, director-general of the Foreign Trade Department, said Thailand fetched 119.5 billion baht in January from all cross-border trade, including transit trade. Transit trade consists of businesses connected with the passage of goods through a country to their […]
Read MoreMANILA, Philippines — Inflation likely eased last month back to within the two to four percent target set by the Bangko Sentral ng Pilipinas (BSP) due to easing food prices, particularly that of rice, according to economists. In a report, ANZ Research chief economist for Southeast Asia and India Sanjay Mathur said inflation last month […]
Read MoreExporters are quick to finger baht appreciation whenever shipments sag, but studies reveal that the global economy and demand from trading partners have a much larger effect Despite some relief from de-escalating tensions over the Sino-US trade spat, continued export contraction and currency appreciation remain a double whammy for shipment-oriented Thailand, with exporters blaming the strengthening baht […]
Read MoreGo-Jek has signed an agreement with Aeon Mall, a property development subsidiary of Japan’s largest retailer, Aeon Co. The companies’ representatives signed a memorandum of understanding (MoU) at Aeon Mall Jakarta Garden City in East Jakarta, which became the first outlet to implement the partnership, recently. Go-Jek head of merchants Ryu Suliawan told reporters that […]
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