Wholesale and Retail

Wholesale and Retail

Wholesale and Retail is a section of Business News on investvine.com
Thai billionaire buys e-commerce portal Tarad, heating up competition

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Thai beverage, property, industrial, agriculture and retail conglomerate TCC Group said it is acquiring a majority stake in Tarad.com, a leading domestic e-marketplace operator...
Malaysia stops imports from North Korea, closes embassy in Pyongyang

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Two companies incorporated in Singapore are accused of having violated United Nations (UN) sanctions against North Korea by supplying luxury goods, including wine and...
Foreign investment in the Philippines hits another high

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The Philippines recorded another all-time high in foreign direct investments (FDI) in 2017, although the growth was substantially lower than in 2016. The volume...
Jakarta startup digitises street vendors with WiFi, smart tech

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An initiative by private investors in Indonesia aims at beefing up the kiosks of street vendors in Jakarta with smart technology and WiFi connections...
Vietnam to cooperate with Qatar in food security

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Vietnam and Qatar have decided to work closer in the field of food security as the Middle East country is looking for new import...
Duterte has 30 luxury cars crushed in warning shot to smugglers (video)

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Philippine President Rodrigo Duterte on February 6 personally oversaw the destruction of more than $1.2 million worth of smuggled luxury and classic cars at...
Cambodia turns into Bitcoin hub of Southeast Asia

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Skeptically observed by the country’s central bank, Cambodia is increasingly becoming a regional center for Bitcoin and other cryptocurrencies both in terms of trading...
Thai-owned Sabeco aims to conquer half of Vietnam’s beer market

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Vietnam's largest brewer, Saigon Beer Alcohol Beverage Corp., or Sabeco, after its acquisition by Thai Beverages has set a target to grow its share of...
Japanese enter e-cash and online lending market in Indonesia

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Indonesia, a country where millions of people don’t have bank accounts and therefore cannot pay with other means than cash, is stepping up its...
ThaiBev “wins” bid for Saigon Beer maker

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Thai Beverage, through its Vietnamese affiliate Vietnam Beverage, on December 18 won the right to buy around 54 per cent stake in Vietnam's guel,...
Internet economy in Southeast Asia to grow to $50 billion this year

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The online economy is expected to grow substantially in Southeast Asia, a region which is already the world’s third largest in terms of the...
US firms in Malaysia not amused about boycott action

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Calls by some Malaysian politicians and Muslim activists to boycott Israel- and US-related products after US President Donald Trump’s recognition of Jerusalem as the...
ThaiBev to swallow Sabeco, Carlsberg to stock up on Habeco

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Thailand’s largest drinks company Thai Beverage, owned by the nation’s richest man, Charoen Sirivadhanabhakdi, has expressed interest in buying about 51 per cent of...
Indonesia’s retail stores feel the void as online shopping takes off

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After years of impressive growth in wages and consumer spending, sales at retail outlets and malls in Indonesia are at the crossroads, while, at...
Malaysia prepares for cashless society

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Malaysia’s central bank has taken further steps to enhance its e-payment platform, paving the way towards a cashless society, reports say.  Bank Negara Malaysia...
Bangkok street food vendor gets Michelin star

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A street food vendor in Bangkok's old town received a Michelin star in the inaugural edition of the Michelin guide for the Thai capital,...
Apple to license 100 official stores in Vietnam to tackle grey market

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Apple Inc. intends to expand its store network in Vietnam by tightening its cooperation with the retail unit of FPT Corp, the country’s largest...
Singapore a haven for video piracy, industry group claims

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A group of large US entertainment companies, including Walt Disney, Sony Entertainment, Viacom. 20th Century Fox and HBO, as well as sports bodies such...