SINGAPORE: Alibaba Group Holding Ltd injected US$845 million into Lazada, its online retail business in Southeast Asia that is facing intensifying competition from rivals such as Sea Ltd and Amazon.com Inc. The capital infusion, disclosed in a regulatory filing in Singapore on Wednesday, brings the total that Alibaba has invested in the arm to several […]
Read MoreThailand’s top three banks have combined non-performing loans (NPLs) of more than US$9.6 billion, the highest in Southeast Asia, but Thai banks overall still have a high level of reserves for bad debts, says the Federation of Thai Capital Market Organizations (Fetco). Fetco recently released its Capital Market Snapshot report entitled “Aspects in Stability of the […]
Read MoreAsian countries are engaged in fierce competition for the Thai outbound travel market, banking on increased flight capacity compared with last year. According to the Thai Travel Agents Association (TTAA), the Thai outbound market this year could recover to half of the 11.2 million departures recorded in 2019, the last year before the pandemic, as flight […]
Read MoreIn 2013, President Xi Jinping announced an initiative for China to work with Asean countries for a 21st century Maritime Silk Road to build a closer China-Asean community with a shared future. For a decade, China and Southeast Asia have enjoyed growing connectivity, deepening economic integration and robust business ties. Since 2020, Asean has surpassed the […]
Read MoreWith demand for on-site Mice (meetings, incentives, conferences and exhibitions) activities bouncing back after the pandemic, Asian nations are dusting off exhibition venues and ramping up marketing plans to welcome international visitors once again. The response has been particularly vibrant in Northeast Asia, where South Korea’s Busan is bidding for the World Expo 2030, while the […]
Read MoreSINGAPORE: Asia’s factories saw further easing in demand in May as China’s faltering recovery weighed on a region already smarting from a global trade downturn. Purchasing managers indexes for export powerhouse Taiwan dropped to 44.3 from 47.1 in the previous month, while Vietnam registered the lowest reading since September 2021, according to S&P Global on Friday. […]
Read More
Thailand
