The Hanoitimes – The deal is reportedly worth VND2.27 trillion (US$101 million), for which Arnolis Investment will hold an 8.87% stake of Masan Group, or an equivalent of 103.15 million shares, according to the Ho Chi Minh Stock Exchange (HoSE). Arnolis Investment Pte, a Singaporean government-run investment fund, has bought an additional of 27.41 million shares […]
Read MoreGovernment officials and private sector leaders on Friday reiterated their calls for all small and medium-sized enterprises to join the regulatory fold. Public officials and representatives of employers’ organisations assured business owners that the recently announced tax incentives are not a “trap” and that registering with the tax department will only help boost their bottom […]
Read MoreFlag carrier Garuda Indonesia has recorded the best on time performance (OTP) in the Asia Pacific with 90.4 percent of its 15,000 flights in October landing on time, according to official airline guide Flight View. Its results in October surpassed its performance in September, when it recorded 90 percent OTP arrivals, making the big five […]
Read MoreASEAN member countries agreed on Monday to a cooperation framework to support the development of the digital economy through e-commerce schemes. The agreement on e-commerce was signed by ASEAN trade ministers, including Trade Minister Enggartiasto Lukita. The signing took place amid the 33rd ASEAN Summit and other related summits that will take place in Singapore […]
Read MoreWhile Alibaba Group announced gross merchandise volume of 213.5 billion yuan (1.07 trillion baht) generated on Nov 11 worldwide this year, an increase of 27% from 2017, Lazada, its e-commerce subsidiary in Southeast Asia, recorded more than 20 million shoppers for the 11.11 sale. LinkedIn Lazada Group reported the festival had over 20 million shoppers browsing, […]
Read MoreThe Commerce Ministry wants to promote coordination of economic development between countries of the Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS) and China, aiming to attract more Chinese investment and a cushion against impact from the Sino-US trade row. Commerce Minister Sontirat Sontijirawong said Thailand proposed the cooperation to Chinese economic officials to enhance multilateral linkages and […]
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