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Insights
07-Feb-18 Following in the footsteps of Debenhams, Clarks and Gap are counting their last days in Indonesia, following sales declines of 50% from 2015. However, while household consumption continues to decline, domestic airline passengers in 2017 grew 11% from 2015. [image:Wataru Suzuki / Nikkei Asian Review]
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Insights
31-Jan-18 E-commerce in Singapore comprises 5% of total retail. However, the number is lower in other ASEAN countries: 3% in Indonesia, nearly 2% in Malaysia and Thailand, and 1% in Vietnam and the Philippines. [image: Credit Suisse / Singapore Business Review]
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Insights
15-Jan-18 ASEAN nations are widely expected to adopt QR systems as a leading method of payment. However, they still a long way from emulating China and Japan’s adoption of the codes, as they lack standardisation and acceptance by banks. [image: ASEAN Today]
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Insights
12-Jan-18 Indonesian conglomerate Lippo Group will take advantage of its vast customer base of 60 million to strengthen mobile payment services, aiming to unite its customers through a digital wallet app. [image: Nikkei Asian Review]
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Insights
10-Jan-18 Worldwide retail e-commerce sales reached USD2.3 tn in 2017, 10% of all retail sales, and are set to hit USD4.5 tn by 2021. Experts say retailers that have implemented personalisation strategies will see sales gains two-to-three times greater than others. [image: What's Brewing]
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