MANILA, Philippines — Wealth was wiped out from most of the Philippines’ richest people this year as the pandemic left some businesses struggling while others benefitted from a change in consumer behavior brought by the health crisis. In the latest Forbes ranking of 50 wealthiest Filipinos, the Sy siblings controlling the country’s largest mall chain, […]
Read MoreThai aviation faces a real threat in the fourth quarter when operating costs surge again after the government’s aid measures end, while some carriers may not get the soft loans the prime minister has promised. After a meeting between seven airlines and Prime Minister Prayut Chan-o-cha on Aug 28, there remains no conclusion on how […]
Read MoreINDONESIA’S August trade figures remained weak, with imports in particular expected to continue underperforming due to weak domestic demand, said economists after the release of official data on Sep 15. Though improving marginally from July’s year on year declines, both imports and exports remained weak. Imports were down 24.2 per cent year on year, while […]
Read MoreIndonesian ride-hailing and food delivery giant Gojek, whose Thai unit Get recently moved to unite under the same brand, on Wednesday launched the Gojek app in Thailand with a heavy subsidy for the platform’s users in order to gain ground in the highly competitive market. E-commerce pundit Pawoot Pongvitayapanu said the unified brand under Gojek […]
Read MoreSINGAPORE exports kept up their growth momentum in August, with both electronics and non-electronics shipments rising on a low base effect. Non-oil domestic exports (NODX) expanded by 7.7 per cent year on year, picking up from 5.9 per cent in July, according to trade data released on Thursday. The preliminary figure from government agency Enterprise […]
Read MoreMany consumer goods and food retailers are opening new shops, while others have had to shut down and give back retail premises to landlords. Covid-19 has cast a shadow on the global and Vietnamese economy. However, not all opportunities have disappeared and not all retailers are bogged down in difficulties. International investors have seen share […]
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