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Air conditioners and fans have been going at full blast as locals take cover. Vietnamese people have been draining the national power grid in an effort to keep cool over the past few days as temperatures climb to record highs, especially in the north.…
Singaporeans lead the region in online video consumption, spending two hours every day tuning into video content, according to the results from a new YouTube Consumer Insights study conducted by Google Singapore and Kantar TNS. The survey of 1,035…
China’s online retail sales posted robust growth in the first quarter of the year, reflecting a changing consumption pattern, official data showed. Online retail volumes reached over 1.4 trillion yuan ($203 billion) in the first three months, up 32.1 percent…
In response to a new study forecasting a tenfold rise in worldwide data by 2025, Seagate is advising business leaders and entrepreneurs to amplify their focus on the mega trends driving data growth over the next several years, and examine their business’…
The head of Indonesias National Development Planning Agency (Bappenas), Bambang Brodjonegoro, has said household consumption and inflation will be the key to achieving higher economic growth in 2018. “To ensure consistent growth, the best recipe is to…
Legislator of Commission X of the House of Representatives (DPR), Dwita Ria Gunadi wants to increase milk production and consumption because the per capita milk consumption in the country is still lower than other Asian countries. “The per capita milk…
The Indonesia Industry Ministry will continue to encourage and increase fish consumption in various regions to raise domestic demand for fish, in an effort to advance the maritime and fisheries sector. “We will boost fish consumption, apart from exports,…
Bank Indonesia estimated that household consumption rose in the third quarter of this year from 5.04 percent of the countrys Gross Domestic Products (GDP) in the second quarter of this year. One of the factors causing the increase was high consumption during…
The countries electricity consumption in the first half of 2016 reached 107.2 Terra What hour (TWh), up 7.85 percent from 99.4 TWh in the same period in 2015, state-owned electricity company PLN said. Senior Public Relations Manager of PLN Agung Murdifi said…
It was a quick decision for Wu Qiaoyun, 35, from Yunnan province, when she splashed out nearly 90,000 yuan (HK$107,000) on a new Peugeot 301 just before the Lunar New Year. As a new mother of a four-month-old baby girl she believed a car would be more…
China’s consumption will grow at a quick pace in 2016, the country’s Minister of Commerce Gao Hucheng assured investors Tuesday, while tackling issues such as impact of yuan devaluation, building more free trade zones and the U.S.-led Trans-Pacific…
The dramatic rise of China’s upper middle class and affluent families is expected to become a major driver for domestic consumption, which will grow fast despite the nation’s sluggish economy. A report released by consulting firm BCG and AliResearch, the…
China will promote the development of the retail, health, travel and sports sectors in a bid to boost domestic consumption, the cabinet said on Sunday. In a statement on its website, the State Council said it will encourage financial institutions to accept a…
China will minimize import tariffs by about 50 % for some shopper items in June to spice up home consumption. Tariffs for imported skin-care merchandise will probably be slashed from 5 % to 2 %, diapers from 7.5 % to 2 %, leather-based boots from 24 % to 12…
Consumers in Southeast Asia are “sleeping giants” who will wake up to their full potential over the next 5-10 years, recent reports show. Robust consumption fueled by rising income levels and urbanization are expected to generate an additional $770 billion as…
