Luxury goods
Singapore firms supplied North Korea’s top brass with luxury goods: UN report
Two companies incorporated in Singapore are accused of having violated United Nations (UN) sanctions against North Korea by supplying luxury goods, including wine and...
Najib’s platinum credit cards ran hot on luxury spending: Report
Malaysian Prime Minister Najib Razak and his wife allegedly spent as much as $15 million on luxury items over the past years, according to...
Thailand to cut import duties on designer goods
Thailand’s government said on September 8 that it will scrap import duties on designer goods such as luxury watches, clothes, perfumes and cosmetics in...
Asia will account for 50% of world’s luxury market
A new study by the Economist Intelligence Unit, entitled Rich Pickings, has found that Asia will account for more than half of the luxury...
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Thailand, Singapore most vulnerable to potential US recession
Southeast Asia could be seriously affected in case the US falls into recession, but some countries would be more badly hit than others, economists...