Large department stores seem to be starting 2019 under gloomy prospects after closing several of their outlets in the first month of the year. Analysts see this as an indication that giant retail companies can no longer afford to compete with the growing number of smaller convenience stores. The spokesperson for Hero Supermarket, Tony Mampuk, […]
Read MoreThe central banks of Cambodia and Laos yesterday agreed to strengthen cooperation to boost their banking sectors and train their workforce. Speaking to reporters yesterday after the annual meeting between representatives of the National Bank of Cambodia (NBC) and the Bank of Lao PDR, NBC’ governor Chea Chanto said the two banking institutions agreed to […]
Read MoreMANILA, Philippines — The Philippines remained the worst performer in terms of motor vehicle production in Southeast Asia as it was the only country which registered a decline in output in the 11 months to November last year. Data from the Asean Automotive Federation showed the Philippines assembled 74,948 motor vehicles during the first 11 […]
Read MoreThanks to the growing popularity of online shopping in Thailand, e-commerce is expected to have the brightest growth prospects this year, while book rental, handicraft and conventional furniture are forecast to face the bleakest outlook. Thanavath Phonvichai, vice-president for research at the University of the Thai Chamber of Commerce (UTCC), said Thais buy more products online […]
Read MoreHANOI — The prices of imported automobiles in the Vietnamese market may not reduce as much as expected after the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) came into effect on Monday, according to the Ministry of Industry and Trade. Of 11 members of the CPTPP, which abolishes import tariffs on many products for […]
Read MoreThe government has vowed to keep train fares affordable in a bid to attract more people to use the mass transportation system and, eventually, reduce road traffic. Transportation Minister Budi Karya Sumadi said state railway company PT Kereta Api Indonesia (KAI) had agreed to keep providing comfortable and affordable mass transportation to the public. “PT […]
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Thailand
