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Insights
16-May-19 Japanese department store Takashimaya is looking to expand overseas, with a focus on Southeast Asia. Its CEO hinted at opening stores in Indonesia, Malaysia and the Philippines. Takashimaya opened a store in the IconSiam development in Bangkok late 2018. [image: Takashimaya]
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16-May-19 The Bangko Sentral ng Pilipinas reported a 6.6% increase in remittances sent by overseas Filipino workers in March 2019 over 2018. The growth pushed actual dollar inflow to the country to USD2.5 bn during that month alone. [image: Business Mirror]
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Insights
14-May-19 Mahindra Logistics is scouting for acquisitions in Southeast Asia to strengthen its freight forwarding business. "This segment is just 5% of our total business," CEO Pirojshaw Sarkari said. The company aims to double its freight forwarding business.
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Insights
13-May-19 Lazada has extended its edge as the most popular e-commerce platform in Southeast Asia despite a decline in visits in the first quarter of 2019. The Alibaba-backed company scored the highest monthly users in Malaysia, Philippines, Thailand and Singapore. [image: SCMP]
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Insights
03-May-19 3,000 electric buses will be introduced in Vietnam in 2020. Local conglomerate Vingroup will introduce VinBus - with the objective of reducing emissions and noise - in Hanoi, Ho Chi Minh City, Da Nang, Hai Phong and Can Tho. [image: Asia Times / iStock]
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