The battle between Thailand’s retail titans for UK-based Tesco’s Asia business has reached an end, with Charoen Pokphand Group, the country’s biggest agribusiness conglomerate, submitting the winning bid for a deal worth more than US$10 billion. CP Group beat beer tycoon Charoen Sirivadhanabhakdi’s TCC Group Co and the Chirathivat family’s Central Group, Thailand’s biggest retailer […]
Read MoreWidespread unemployment is expected in the industrial sector this year as the economy braces for continued fallout from the coronavirus outbreak, just as over 500,000 new graduates leave university this May, says the Employers’ Confederation of Thai Trade and Industry (EconThai). The group is raising concerns about the possibility that many graduates will not be […]
Read MoreThe government’s big-check fiscal stimulus to bolster purchasing power and tourism- and trade-related industries amid the coronavirus (COVID-19) outbreak will reduce state revenue and raise debt levels, economists say. They have called for productive spending to support the economy. Center of Reform on Economics (CORE) Indonesia research director Piter Abdullah said the planned stimulus packages would “no […]
Read MorePETALING JAYA: The Malaysia Automotive Robotics and IoT Institute (MARii), an agency under the International Trade and Industry Ministry, has forecast total industry volume (TIV) to grow 9% to 610,000 units this year despite scepticism that the local automotive industry will be affected by the current weak market sentiment. At a briefing earlier this week, […]
Read MoreMANILA, Philippines — S&P Global Ratings slashed this year’s economic growth forecast anew for the Philippines to below six percent amid the coronavirus disease 2019 (COVID-19) outbreak. In its latest report titled “COVID-19 now threatens more damage to Asia Pacific,” the debt watcher said the GDP growth of the Philippines would soften further to 5.8 […]
Read MoreThe Hanoitimes – In the last quarter of 2019, Vietnam continued to be placed in the top three most optimistic countries.and had the most avid savers, Health continued to be the biggest concern of Vietnamese consumers in the last quarter of 2019 for three consecutive quarters, according to the latest the Conference Board Global Consumer Confidence […]
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