Wholesale and Retail
Wholesale and Retail is a section of Business News on investvine.com
Indonesia’s “smart kiosk” startup raises more funds to digitise street vendors
Indonesian micro-retail tech startup Warung Pintar (“smart kiosk”) has secured new funding of $27.5 million in a Series B round participated by its existing...
EU reinstates import duties on rice from Cambodia and Myanmar
The European Commission has reinstated duties on rice from Cambodia and Myanmar for three years after determining that imports were causing economic damage to...
EU lifts “yellow card” on Thai fishing industry
The European Commission on January 8 removed Thailand from the group of "warned countries,” known as “yellow card,” for its action and progress in...
Jobless rate in Brunei jumped to 9.3%
Brunei’s unemployment rate rose to 9.3 per cent in 2017 from 6.9 per cent in 2014, latest available data from the Department of Statistics...
Philippine digital economy expected to grow to $10 billion by 2025
The Philippine e-commerce industry is poised for exponential growth, with its share of the Southeast Asian market expected to be worth $10 billion by...
Indonesia’s Tokopedia raises $1.1 billion from Alibaba, Softbank
Indonesia’s leading e-commerce portal Tokopedia said on December 12 it has raised $1.1 billion in funding from investors including Japanese tech holding SoftBank’s Vision...
Vietnam’s Vingroup to launch its own smartphone brand
Vingroup, Vietnam’ biggest listed firm by market value and a conglomerate with businesses that range from real estate to retail to tourism to automotive,...
Malaysia government sets 20% annual growth target for e-commerce sector
The Malaysian government has set an annual growth rate target of 20 per cent for the e-commerce sector in the country, from 14.3 per...
Indonesia’s digital economy to become largest in ASEAN by 2025
The annual “e-Conomy Southeast Asia” study conducted by Google and Singapore's state holding company Temasek found that Indonesia’s digital economy is poised to become the...
Service robots to assist shoppers in Metro Manila mega mall
In a country-wide's first, SM Megamall in Mandaluyong, the Philippines’ second-biggest shopping center behind SM City North EDSA, will deploy robots starting from next...
Leicester owner’s death comes as Thai duty-free monopoly is about to end
Thailand’s King Power International Group, the country's largest duty-free retailer, may find itself facing a challenge to win the upcoming new auction to operate...
European Union revokes preferential trade status for Cambodia
The European Union on the 12th annual EU-Association of Southeast Asian Nations Summit that took place in Brussels on October 18-19 temporarily revoked its...
Philippine inflation could rise to 7%, only lagging Myanmar’s in ASEAN
Filipinos are increasingly forced to tighten their belts in the wake of a continued high inflation rate which reached 6.4 per cent in August...
Myanmar set to turn into major gold exporter
Myanmar`s Ministry of Commerce is in the process of officially removing a regulation that prevented traders to export gold for more than five decades,...
Philippine GDP growth drops to three-year-low
Economic growth in the Philippines slowed to six per cent during the second quarter of the year, the Philippine Statistics Authority said on August...
Durian crisis in Malaysia: Prices for the fruit fall as low as to RM1
Durian prices have dropped dramatically in Malaysia due to an oversupply caused by hot weather, vendors say. Reports came in from markets in Kedah...
Water colours: Experiencing ASEAN’s largest ornamental fish market
Aficionados of ornamental fish in Asia don't need to look further than Thailand: Here, in Ratchaburi province some 100 kilometers west of Bangkok, the...
Philippines, Indonesia, Vietnam with highest consumer confidence in Southeast Asia
The Philippines, Indonesia and Vietnam, just behind India, rank within the top four in the latest international consumer confidence survey compiled by US-based research...
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Singapore, Malaysia, Brunei top ASEAN countries in global talent index
Singapore is topping the 2019 Global Talent Competitiveness Index in the Association of Southeast Asian Nations (ASEAN), as well as in Asia-Pacific for the...
Stories of the week
ASEAN countries welcomed 129 million tourists last year, up 7.6%
Close to 129 million tourists visited the ten member countries of the Association of Southeast Asian Nations (ASEAN) in 2018, which translates into a...