Author: Retail Asia

Retail Asia21/09/2021
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2min0
The Cadillac Lyriq has been the long-talked-about electric SUV that the luxury brand by GM has been working on and already it has been sold out in 90 minutes. The car which is also due to come in 2022 and now Cadillac has announced the “Debut Edition” has been reserved. So far Cadillac has only […]

Retail Asia21/09/2021
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3min0
US burger sensation Five Guys opens its first Australian restaurant, for takeaway only, on 20 September in Sydney’s Penrith. Master franchisee Seagrass Hospitality is opening the long-awaited fast-food brand at the Penrith Panthers Leagues Club on the busy Mulgoa Road. Robby Andronikos, brand manager of Five Guys Australia, said “It’s been an incredibly fun journey to […]

Retail Asia21/09/2021
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3min0
DoorDash will offer beer, wine, and spirits through the DoorDash Marketplace in 20 U.S. states and Washington, D.C., as well as Canada and Australia, the company announced on Monday. Customers will be able to order alcohol offerings from grocery stores, restaurants and other local merchants through a new “Alcohol” tab in the DoorDash app. Alcohol […]

Retail Asia21/09/2021
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7min0
UBS’s $10 billion China Opportunity fund caught in the downdraft of the country’s harsh tech crackdown. It was only last April that Bin Shi gave a fireside chat on a UBS asset management hosted website. The bank’s head of China equities appeared optimistic about the outlook for Chinese equities, saying it was likely the tech sector had seen the […]

Retail Asia20/09/2021
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3min0
Dash, the UK drink brand, is making a foray into the Australian soft-drink market with the launch of its renowned ‘wonky fruit’ infused sparkling water. Featuring just three ingredients – water, bubbles and wonky fruit – the drinks are sugar-free, zero-calorie and no sweetening is added. As part of the plan to reduce food waste, […]

Retail Asia20/09/2021
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2min0
The Shanghai government will support companies applying for approval to sell duty-free goods, and encourage duty-free shops to be set up at airports, hotels, malls and other commercial venues, municipal authorities said. The development of a “duty-free economy”, which will encourage spending on imported products, including heavily-taxed luxury goods, was outlined in a 2021-2025 consumption […]

Retail Asia20/09/2021
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2min0
JD has introduced its first overseas E-space store through JD.ID – its e-commerce joint venture in Indonesia. Dudded JD.ID Electronic Store, the E-space store features an omnichannel model which offers technology and home appliance products from a list of electronics brands, including Huawei, Vivo and Oppo. Situated in Aeon Mall Sentul City, West Java, the […]

Retail Asia20/09/2021
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1min0
China’s industry ministry published a notice on Thursday telling companies to step up cyber and data security oversight over connected vehicles, saying that security risks in the industry had become increasingly prominent. All relevant companies should establish data security management systems and regularly assess risks from network attacks, the Ministry of Industry and Information Technology […]

Retail Asia20/09/2021
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1min0
Steel exports increased by 43.4 percent year-on-year in the first eight months to 8.54 million tons, and were worth US$7.1 billion, a 127 percent rise. In August, for a second month in a row, the billion-dollar mark was breached, with the value of shipments increasing 2.5-fold to nearly $1.5 billion. The main export markets were […]

Retail Asia20/09/2021
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1min0
DBS continues to add tech talent with plans to hire around 150 related positions via a virtual hackathon. DBS will hire for around 150 technology positions through a virtual hackathon, Hack2Hire, an annual program in its fourth edition, according to a statement. The positions will be for 14 developer and engineering roles across artificial intelligence […]

Retail Asia19/09/2021
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10min0
Introduced in 2014 as a direct replacement for the International Accounting Standards Board’s IAS 39, IFRS 9 is the International Financial Reporting Standards’ most updated set of guidelines on classifying and measuring financial assets and liabilities. IFRS 9 offers exhaustive requirements for financial institutions like banks with regard to the following: How to categorize financial […]

Retail Asia17/09/2021
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2min0
Bacardi has launched a new RTD, Bacardi Mojito, which comes in a 250ml can with an ABV of 4.8 percent and 114 calories per serve. The RTD is made using Bacardi Carta Blanca Superior White Rum along with all-natural flavors and real ingredients and the calories are kept down thanks to the use of natural […]


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