Wholesale and Retail

Wholesale and Retail

Wholesale and Retail is a section of Business News on investvine.com
Indonesia’s Tokopedia raises $1.1 billion from Alibaba, Softbank

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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

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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...
The world’s largest jade market: A photo tour

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Mandalay in north-central Myanmar is the gateway to the country’s most precious (legal) commodity: Jade. And no wonder, Mandalay also hosts the world’s largest...
Bangkok enters list of 100 most expensive cities in the world

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As cost of living in Thailand is on the rise and the baht remains strong, Bangkok has now entered the global top 100 most...
Malaysia: Zero-sales tax paradise for just three months

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After effectively scrapping the unpopular six-per cent goods and services tax (GST) on June 1, Malaysia’s new government will re-introduce a refined sales and...
Grab to launch e-cash and Big Data-based micro lending in Thailand

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Ride hailing company Grab in its drive to expand in the financial services sector is planning to launch e-cash and micro lending in Thailand,...
Malaysia prepares nationwide ban of plastic bags

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The Malaysian government plans to introduce a nationwide ban of plastic bags within a year, preceded by an awareness campaign to “educate” the population...