Carrefour SA CEO Lars Olofsson cancelled the sale of the company’s Malaysian stores and said the retailer will invest in them instead, maintaining its foothold in a growing market.
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Rice harvest could be down 20pc
This year’s rice production is expected to drop by about 20 percent due to the massive flooding in Thailand, Thai Farmers Association president Prasit Boonchoey said last week.
Prasit said rice …
Thai companies returning to hiring mode
Thailand job market is showing signs of improvement, with employers gearing up their hiring even though the chance of renewed political instability remains lurking in the background, say executives.
D…
Carrefour sells Thai stores to Big C for USD1.19b
French retail giant Carrefour S.A. on Monday said it has sold its Thailand stores to Big C, a local subsidiary of its smaller rival Casino Guichard-Perrachon S.A., for an enterprise value of EUR868 mi…
ASEAN opens skies to China
Designated airlines of ASEAN member states will soon be able to fly and carry traffic from their respective capitals and any city with an international airport in its territory to its counterpart in t…
India bucks global trend with high consumer confidence
Indian consumer confidence levels appear to have stabilised after a steady increase in the first two quarters of 2010, according to the Nielsen Global Consumer Confidence Index.
At 129 index points,…
Tesco expands Asian presence
Tesco Plc, the largest UK retailer, will be acquiring over 61 stores in Southeast Asia – worth an estimated USD1 billion – from France’s supermarket giant Carrefour.
This expansion f…
Major Thai retailers count on festive spending
Leading Thai retailers will invest heavily during the upcoming festive season to profit from a return of consumer confidence.
Thai shoppers kept a tight grip on their wallets in the first half because…
Next Cartes conference to be held in HK, as Asia-Pacific ID industry booms
The global identification industry is booming, and nowhere more so than in Asia-Pacific, where government, healthcare and transportation providers are faced with verifying the identities of millions o…
Expats find relocation to HK easy, finds HSBC survey
Hong Kong is among the most favourable destinations for expatriates to relocate to, according to the findings of a new global survey by HSBC Bank International Ltd.…