Thailand’s cash and carry firm for wholesalers is confidence in the rapid expansion in India once the Indian stores are open in July. Siam Makro has recently invested $10 billion in the Indian market where it is looking to learn about digitization and replicate it in the stores in Thailand.
Global private equity firm Warburg Pincus and Vietnam’s real estate and infrastructure major Becamex IDC Corp commit $200 million to set up a joint-venture called BW Industrial Joint Stock Company. The new joint-venture will offer and industrial and logistics real estate platform for countries across Southeast Asia.
Banks in Thailand yesterday received a circular warning from the country’s central bank, ordering banks to not get involved with any cryptocurrency transactions. This comes as Bank of Thailand’s prevention from the risk of unknown and unregulated trading.
Indonesia’s ecommerce startup Kioson introduces a new initiative that enables Kioson partner kiosks to serve as postal service agents. Collaborating with the national postal service, Kioson kiosk-partners will be able to send and receive the ecommerce purchases and packages through their point of service.
Catering to the consumers lifestyle in Phnom Penh, the region’s ride-hailing app has launched GrabBike in Phnom Penh, becoming the first app of its kind to offer the popular motodop service. Launched in the capital of Cambodia late last year, the new service from Grab is now only available in the central of Phnom Penh.
The National ICT Association of Malaysia (Pikom) signs MoU with five local associations for SMEs to boost ecommerce adoption, as announced at the Ecommerce Fair Program. This comes as in line with the Government’s National Ecommerce Strategic Roadmap to double the number of ecommerce-enabled SMEs to 350,000, by 2020.