Grab, Southeast Asia’s biggest ride-hailing and food delivery firm, has called off its proposed acquisition of Singapore’s third-largest taxi operator, Trans-cab, according to a statement from Singapore’s competition watchdog. The Competition and Consumer…
Vietnam exported US$1.32 billion worth of durian in the first six months of 2024, up 45% year-on-year, according to customs data. It accounted for 65% of all fruit exports during the period and is growing increasingly popular in many key markets. China was…
According to data from the General Department of Customs, the average rice export price increased by over 18% over the same period last year. The grain was sold at US$959 per ton in Brunei, $868 in the US, $857 in the Netherlands, $847 in Ukraine, $836 in…
Monthong durian prices have risen by 32% in southern Vietnam in the last two months to VND103,000 (US$4.05) per kilogram amid growing demand from China and other foreign markets. Traders are competing to buy from provinces such as Dak Lak, Binh Phuoc and Tien…
According to customs data, Vietnam exported US$919 million worth of durian in the first five months, up 74% year-on-year. This made durian its top fruit export at 3.5 times that of dragon fruit in second place. Exports of the odoriferous fruit were worth $450…
According to the research firm Counterpoint Research, EV sales in the region more than doubled in the January to March quarter from a year before. Sales of ICE cars,meanwhile, slid by 7%. “Vietnam saw an even more impressive growth, with BEV (battery electric…
As of December 1st, Thai Airways will again offer daily direct passenger flights between Brussels Airport and Bangkok, the capital of Thailand. This important destination, offered before the covid pandemic, is an important addition to Brussels Airport’s…
Tasco, a distributor for 14 auto brands, plans to branch into car assembling, and will launch its first products next year. At the annual general meeting last week, its management told shareholders about the plan without disclosing what brand or brands it…
Mangosteen, mini durian, snake fruit, and rambutan imported from Thailand are 30-40% cheaper than a year ago since supply is high. Loan, who runs a shop that sells imported fruits in HCMC, said Thai fruits have never been as cheap as they are this year.…
Thai industry insiders say the ongoing heatwave in Thailand might reduce durian production, allowing Vietnam to increase its supply to China. A heatwave in April and May reduced Thailand’s harvest, which normally commands higher prices than its Vietnamese…
Vietnam exported 499,000 tons of rubber for $743 million in the first 4 months of this year, up 6.4% in volume and 14% in value. China remained the largest consumer of Vietnamese rubber, accounting for 80% of the country’s total export volume, followed by…
Thailand is poised to export approximately one million tonnes of durian, valued at an estimated 130 billion baht ($3.5 billion) this year, according to Thai PBS World.< In line with Thai Prime Minister Srettha Thavisin’s directives, the Ministry of…
Levi Strauss & Co has reopened its 364 sqm store at CentralWorld in Bangkok, marking the brand’s largest location in Thailand. Located on the second floor of Bangkok’s mall district Chidlom, the store is home to the country’s second Levi’s Tailor Shop, an…
Vietnam has surpassed Thailand as the top durian exporter to China, shipping 32,750 tons in the first two months of 2024. This accounted for 57% of China’s imports, up from 32% last year, according to Vietnam Customs. Vietnam’s export of the fruit to China…
Southeast Asian omnichannel fashion brand Love, Bonito has unveiled its new brand identity after 13 years of operation, introducing a change in its assortment strategy as part of the campaign. The brand’s name was redesigned with a cleaner font, while the…
Indonesia plans to increase rice imports by 1.6 million tons this year, giving Vietnamese exporters a big opportunity, the Vietnam Trade Office in that country said. The import licenses for the additional quota would be issued soon by its Ministry of Trade…
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