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Malaysian retail sales grew by 7.1 percent in July. Combined with the wholesale trade, a new record high of RM112.5 billion (US$26.94 billion) turnover was set for the month. According to Malaysia’s chief statistician Datuk Seri Dr Mohd Uzir Mahidin, the…
More cooperation between ASEAN regulators is needed for the region to fully benefit from the growth of the digital economy. While technology is inherently borderless, the regulation governing it is not. This can create challenges for global businesses…
Fourteen international brands are seeking for Vietnam franchise partners. The brands will gather at VF Franchise Consulting headquarters in Ho Chi Minh City on July 9 to meet with prospective area or master franchisees for the market. The franchises are in…
Luk Fook will add at least 150 stores in Mainland China this year as it looks to mitigate falling sales in Hong Kong. Releasing its results for the financial year to March 31, Luk Fook said profit attributable to shareholders rose 9 percent to HK$1.5 billion…
Indonesian retail sales grew by 10.1 percent in March following a 9.1 percent increase in February, according to central bank survey data. The strong March performance was underpinned by sales of apparel along with automotive parts and accessories. However,…
The Australian dollar has dipped slightly, buying 71.70 US cents from 71.69 US cents on Monday. On Monday morning, the dollar was buying 71.71 US cents from 71.61 US cents on Friday. Last Friday morning, the local currency has fallen, buying 71.25 US cents…
Showcasing its positive influence on the Hong Kong economy, Deliveroo today published a new report assessing its impact on partner restaurants and the wider market. Amongst other findings, the research indicates that Deliveroo supports 2,100 jobs in Hong Kong…
Indonesian retail sales surged 9.1 per cent in February – a rate higher than anticipated. The growth rate appeared to be driven by shoppers splurging on Lunar New Year celebrations as well as an increase in apparel sales during the month. February’s rise…
March prices fell 0.21 percent over February, according to the General Statistics Office (GSO). There was a fall in the prices of seven of 11 items in the basket of consumer goods and services that make up the index. According to Do Thi Ngoc, director of the…
Despite pre-opening jitters over the state of the Chinese economy, Art Basel Hong Kong has already reported brisk sales at its seventh edition, which opened to the public today. With the region’s growing wealth and appetite for art, art fairs like Art Basel…
With 53 per cent of its population using the internet and nearly 50 million smartphone subscribers, Vietnam’s e-commerce market is expected to beat the previous revenue forecast of $10 billion in 2020 and may reach $15 billion, according to experts. The…
The core of the doi moi (renovation) in Vietnam is the shift from single-ownership into a multi-ownership economy, where the central planned regime no longer exists. The 1987 Law on Foreign Investment, the 1990 Corporate Law & the Law on Private Enterprises,…
Vietnam received $2.58 billion in foreign direct investment (FDI) in January-February, up 9.8 percent from the same period a year earlier. FDI pledges, which indicate the size of future FDI disbursements, were more than 2.5 times higher than the same period…
Tokyo stocks closed lower on Tuesday following media reports saying Indian warplanes crossed into Pakistani airspace over the ceasefire line in Kashmir and dropped payloads. The benchmark Nikkei 225 index, which opened higher, lost 0.37%, or 78.84 points, to…
Woori Bank launched a money-transfer service linked with Chinese banks to allow its customers to readily and easily send money to people holding Chinese bank accounts. On Monday, the bank said the service will be carried out in real time. The partnered…
Petronas Chemicals Group Bhd’s share price up 0.66% or 6 sen this morning, after its net profit jumped 27.9% to RM1.29 billion for the fourth quarter ended Dec 31, 2018 (Q4). As at 11.56am, the stock stood at RM9.22 with 2.93 million shares changing hands.…
