Southeast Asia clamors for China’s milk tea
Milk tea stores have mushroomed not only in China but also in Malaysia, Singapore, Vietnam and Thailand, with Chinese brands enjoying a boom in the region.
Business
Vietnamese products a big hit at Foodex Japan in Kansai 2022
Foodex Japan is the largest international food and beverage exhibition in Japan and attracts the attention of businesses looking to promote the trade of agricultural products.
Liquor import ban leaves Nepal’s hospitality industry in low spirits
According to the Liquor Importers Association, Nepal imports alcoholic beverages worth $12 million annually.
Google, Microsoft registered in Japan as foreign tech firms
The Justice Ministry had requested the registrations in a move to promote measures dealing with online defamation.
Debate reopens on South Korea’s 10 year-old supermarket shutdown rules
Under the mandatory shutdown rules, designated to protect mom-and-pop stores nearby from losing sales, supermarkets have closed twice a month for the last 10 years.
Vietnam’s banks capitalise on trade success of UKVFTA to boost lending
The free trade agreement has already helped Vietnam’s exports to the UK surge by 16.4 per cent year-on-year to US$5.7 billion in 2021.
Impose VAT on digital service providers: Bongbong Marcos
He said that imposing VAT on digital service providers was projected to generate P11.7 billion in income for the government.
Management of GLC-owned shopping malls to be reviewed: Malaysia PM
He said this was aimed at raising Bumiputera's socio-economic status and the involvement of Bumiputera entrepreneurs at shopping malls.
China’s tourism sector eyes steady recovery amid pandemic
After a travel lull since March due to Covid-19 cases, northwest China's Xinjiang Uygur autonomous region is experiencing a surge in tourism.
China’s supermarkets see stable growth in online sales in 2021
In 2021, online sales of the country's top-100 supermarkets amounted to nearly 100 billion yuan, up 40 per cent year on year.