Kuala Lumpur / DPA Malaysian online shoppers are turning to local sites as the weaker ringgit has made shopping on foreign sites much more expensive. Local online retailer Lazada Malaysia said the drop in the ringgit’s value has not really affected sales on its site. In fact, Lazada Group as a whole recorded US$40 million in overall sales during its ...

Bangkok / AFP Thailand’s prime minister on Wednesday told farmers to cultivate less rice to help the country manage its intensifying water crisis, as experts called this year’s drought the worst in decades. Prayut Chan-O-Cha, the junta leader who grabbed power in a military coup two years ago, said his administration was working on a 20-year strategy to diversify the ...

Tokyo / Bloomberg Demand for 10,000-yen bills is steadily rising in Japan, even as the nation’s population falls and the use of credit cards and other forms of electronic payment increases. While more cash might sound like a good thing, some economists are concerned that it shows Japanese households are squirreling away money at home instead of investing it or ...