Thailand’s retail industry is likely to see a lower contraction this year to 6% from the previously projected 7.8% fall, driven by a host of stimulus measures. Voralak Tulaphorn, chief marketing officer of The Mall Group, said the co-payment programme, and the Shop and Payback tax rebate scheme, in particular, have helped boost consumers’ spending […]
Read MoreThe Regional Comprehensive Economic Partnership (RCEP) would not worsen the trade deficit Vietnam was running with signatory markets, according to the Ministry of Industry and Trade. Statistics showed that Vietnam ran a trade deficit worth US$5.58 billion with ASEAN, $27.71 billion with China and $21.37 billion with the Republic of Korea in the first nine […]
Read MorePETALING JAYA: AirAsia Group Bhd has posted a revenue of RM443mil for its third quarter ended Sept 30, representing a 272% increase compared to the preceding quarter but a decline of 86% year-on-year (y-o-y). The airline segment revenue decreased 87% y-o-y but grew five times compared to the preceding quarter, following the gradual increase in capacity in […]
Read MoreThe Thai Hotels Association (THA) has called on the government to continue its travel bubble plan with other potential countries besides China, while allocating more financial support to hotels. As Beijing has extended the ban on outbound tour groups and is maintaining 14-day mandatory quarantine for all arrivals, the Thai government should seek other low-risk […]
Read MoreThe competition in the beer market is no longer healthy as ‘dirty tricks’ have been used to win over rivals and obtain market share. Nguyen Van Viet, chair of the Vietnam Beer Alcohol Beverage Association, said it is difficult to do business in the Vietnamese beer market and only the strongest competitors will survive. Though […]
Read MoreKUALA LUMPUR: Foreign demand for Malaysian bonds stayed sturdy in October, with the domestic bond market charting its sixth consecutive month of net foreign inflows at RM8bil, RAM Ratings said. In a statement issued on Tuesday, the rating agency said the foreign inflow was a vast improvement from marginal net inflows of RM500mil in September […]
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