LONDON: Britain’s biggest supermarket chain Tesco said on Sunday it had started a review of its businesses in Thailand and Malaysia, including looking at a possible sale. It said in a statement that “following inbound interest, it has commenced a review of the strategic options for its businesses in Thailand and Malaysia, including an evaluation […]
Read MoreAs the creation of better-paying jobs offset the impact of last year’s high inflation episode, the poverty incidence rate in the country dropped to 16.6 per cent last year, the government reported on Friday. At a national poverty threshold – the minimum income required to meet basic food and non-food requirements – of 10,727 pesos […]
Read MoreThe Cambodia Business Insights and Trends 2020, organised by Royal Group Digital Business ICT Division and the Cambodia Chamber of Commerce, saw leaders from different sectors discuss and offer insights into the trends that businesses should look out for in 2020. The event was held Friday at Hotel Cambodiana in Phnom Penh. Okhna Lim Heng, […]
Read MoreTEN years after the enactment of the Language Law, President Joko Widodo finally signed its implementing regulation. When it was first enacted, the Language Law raised alarm because it imposed additional burden on contracting parties by requiring them to translate agreements into Indonesian. Over time, the Language Law also created uncertainties, which can be broadly categorised into three areas: […]
Read More[SINGAPORE] Singapore has a property glut that could take years to clear, threatening to kill a nascent price recovery amid an already uncertain economic outlook. The city-state had an overhang of 31,948 units as of Sept 30, according to the Urban Redevelopment Authority. Sales have averaged about 2,500 homes per quarter this year, and at […]
Read MoreKUALA LUMPUR: Slowing income growth among lower-income households and younger workers has contributed to perceptions of being “left behind”, according to the World Bank’s Malaysia Economic Monitor. The 21st edition of the report, which was launched here on Monday, pointed out although median incomes continue to outpace inflation, income growth rates for low-income Malaysians slowed […]
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