SHANGHAI – Chinese e-commerce giant Alibaba said Monday it will appoint one of its founders as head of Lazada and inject another $2 billion into Southeast Asia’s leading online shopping firm, boosting its regional expansion. Alibaba, which already owns 83% of Lazada with two investments totalling $2 billion as of June last year, has been […]
Read MoreAddressing the Thailand Board of Investment, Cargill expressed its strong support of the Thai government’s “Thailand 4.0” economic model. Cargill also affirmed its strong commitment to continue investing in the Thai economy and contributing to the development of the country’s agriculture sector. Over the past 50 years, Cargill has invested US$1 billion to establish a […]
Read MoreBrunei’s seemingly vulnerable economic position is seen by China as an opportunity. The Asian superpower looks to engage with Brunei and this rejuvenated relationship could be beneficial to both parties in the long-term. How swift Brunei reacts and takes its chances could result in the petroleum rich nation successfully diversifying its economy for a brighter […]
Read MoreSumit Kumar, 26, has been out on the street for last two and a half months. A resident of Sahaspur, a sprawling village outside Dehradun, the capital of Uttarakhand state in north India, Mr Kumar was laid off on Dec 12 by Aircel, an Indian mobile network operator. He had been working as a territory sales […]
Read MoreThe Lao Front for National Development’s Committee approved by-elected and additional members, advisors on economics and law, and the work plan for this year, at its plenary meeting last week. The meeting was attended by 260 Lao Front Committee members. They agreed to enlarge activities planned to celebrate the Front’s 68th anniversary this year. Members […]
Read MoreMANILA, Philippines — The Department of Finance (DOF) said the proposed reforms in the country’s tax incentives system would not drive away investors, adding that the provision of tax perks is not the main consideration of businesses in putting up shop in the country. While it is important to provide incentives to businesses, Finance undersecretary […]
Read More
Thailand
