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Shein, a Chinese online retailer popular for its fast-fashion offerings, emerged victorious after the Court of Appeal in Paris dismissed France’s plea for the suspension of the platform. The court’s decision came in the aftermath of a controversy where the…
The price of gasoline is on a continual rise, leading the government to depend on its stabilization fund to provide subsidies. On Tuesday, there was yet another increase, with the price of RON95 fuel skyrocketing by 7.69% to VND29,120 (US$1.11) per litre.…
The Indonesian government is increasing its tax scrutiny on its wealthy residents and large corporations in light of a significant national budget deficit. This action is part of a broader initiative to enhance tax collections amidst a challenging year for…
Possible discussions are currently underway in Indonesia regarding a potential merger or acquisition involving Grab, a ride-hailing and food delivery company, and its competitor GoTo, according to a statement made by the presidential spokesperson on Friday.…
The Australian Federal Government has made significant strides towards safeguarding the validity of cash as a payment mode for everyday necessities by issuing key provisional regulations mandating the acceptance of cash for fuel and groceries. Details of the…
In the week following the introduction of government-issued consumption vouchers, South Korea’s convenience store chains reported a significant rise in sales. The four major chains – CU, GS25, 7-Eleven, and Emart24 – witnessed an increase of more than 10% in…
Prices on the Chinese e-commerce platform, Temu, have dramatically surged in Pakistan, with increases reaching up to 300% in some cases. This substantial escalation has been reported by customers over the past week, marking a significant shift in the online…
The Philippine government is shifting gears in its pursuit of comprehensive nationwide internet access, unveiling a strategic budget reallocation of PHP 6.5 billion (USD 115 million). This plan will bolster both the expansion of free WiFi sites and the…
Thailand’s Commerce Ministry is harnessing social media’s power to supercharge its durian and fruit exports, particularly targeting the lucrative Chinese market. By collaborating with renowned influencer Taiyuan Lao Ge, who boasts over 93 million followers on…
Chinese automaker Great Wall Motor has signed an agreement with Thailand’s government to slash retail prices of its electric vehicles, an executive said on Tuesday, a move aimed at boosting domestic EV sales and production. The agreement, which involves a…
The Malaysian government is sticking to its plan of deploying 5G through a single wholesale network (SWN). In a joint statement from the ministries of finance and communications and multimedia, up to 70% equity in the wholly state-owned 5G company, Digital…
Earlier this month we told you that Apple and the Chinese government signed a secret deal valued at $275 billion. Apple reportedly made the payment to prevent the Communist Chinese government from taking regulatory actions against the company. And as we noted…
The government has instructed the Ministry of Finance to assess the impact of a 50-percent cut in registration fees for locally produced automobiles. Thanh Cong Motor Vietnam Joint Stock Company had called on the government to cut the fee to support an…
The State Capital Investment Corporation said it is in discussions with Vietnam Airlines to invest VND8 trillion ($345.49 million) in the carrier through a rights issue. It follows a government resolution to resolve the difficulties faced by the airline due…
The Korea International Trade Association (KITA) said Tuesday it has set up an office in Dubai to help local start-ups advance into the Middle Eastern market. Under an agreement with Dubai Future Foundation, the Korea Office will be set up at Emirates Towers…
There is trouble in paradise. The Government’s drastic intervention in e-commerce at the behest of vested domestic interests and the powerful traders lobby has created consternation in the bulge bracket world of e-commerce in India. With the big players…
