Ikea has launched its online store as the Swedish furniture chain seeks to attract forward-looking customers in Thailand. According to Lacia Sherlock, deputy retail manager for Thailand, Singapore and the Philippines, the e-commerce platform was developed for modern shoppers and to meet the changing lifestyles of people who spend a considerable amount of time online. Ms […]
Read MoreMANILA, Philippines — The proportion of the national government’s debt to economic output rose to 44 percent in the first quarter of the year due to the increase in domestic borrowings, the Department of Finance (DOF) said yesterday. In an economic bulletin, Finance Undersecretary and chief economist Gil Beltran said the debt-to-GDP ratio expanded to […]
Read MoreThe Hanoitimes – The Vietnamese retail market would hardly attract more European retail groups in the mass segment due to the harsh competition. Large Western retailers namely Metro, BigC, Auchan have left Vietnam due to inappropriate business strategy, fierce competition with local and regional peers and the rapid growth of e-commerce, Ho Chi Minh City Law […]
Read MoreStarbucks Corp agreed to license its Thailand operations to a partner, in the latest sign that the coffee behemoth is sharpening its focus on its key markets of China and the US. The company entered into an agreement with Coffee Concepts Thailand, a joint venture between Maxim’s Caterers Ltd and Thai partner F&N Retail Connection […]
Read MoreBank Indonesia projects inflation at 0.51 percent in May, higher than the previous month, with year-on-year (yoy) inflation estimated at 3.14 percent. In April, the inflation rate was recorded at 0.44 percent. BI Governor Perry Warjiyo said the factors that pushed inflation up was mainly airfares, red chili and garlic, while deflationary factors included rice […]
Read MoreThe pay and benefits packages of expatriates in Thailand saw a major increase, with the overall package of an average overseas worker increasing by US$27,917 year on year, according to a new survey. Lee Quane of ECA International said the MyExpatriate Market Pay report reflected Thai economic growth He said: “The Thai economy has continued […]
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