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Author: Retail Asia

Retail Asia22/09/2021
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Telecom

Ooredoo Group and CK Hutchison poised for US$6 billion telecom merger

10min0
Ooredoo and CK Hutchison announced the signing of definitive transaction agreements for the proposed merger of their respective telecommunications businesses in Indonesia, PT Indosat Tbk (Indosat Ooredoo) and PT Hutchison 3 Indonesia (H3I). The merged company will be named PT Indosat Ooredoo Hutchison Tbk (Indosat Ooredoo Hutchison). The merger of Indosat Ooredoo and H3I will […]
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Retail Asia22/09/2021
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Finance

Singapore-Based Fintech Thunes Makes Strategic Appointments

2min0
The fintech startup has made a pair of executive hires to support its global growth strategy. Thunes has appointed Irina Chuchkina as chief marketing officer and Babul Balakrishnan as head of customer care, who will both be based in Singapore, the global cross-border payments firm said on Tuesday. Fintech marketing leader Chuchkina, who is also an Executive Committee Member in […]
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Retail Asia22/09/2021
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Startups

Edtech startup CoderSchool bags $2.6M pre-seed fund

2min0
CoderSchool, a Vietnam-based edtech startup offering online coding courses, has raised $2.6 million in a pre-seed funding round led by Monk’s Hill Ventures. Startup accelerator Iterative, investment network XA Network, and venture fund iSeed Ventures also took part in the funding round. CoderSchool plans to use the new capital to develop fresh educational content and […]
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Retail Asia22/09/2021
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Telecom

India announces major telecoms reforms to boost industry

3min0
The Union Cabinet approved on Wednesday several structural and process reforms in a relief package targeting the telecom sector to ensure its healthy growth in a digital era. In a move lauded by industry players as a positive step towards promoting the industry and addressing long-standing concerns, the reforms are expected to foster healthy competition, […]
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Retail Asia22/09/2021
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Telecom

MTN, Smart extend 5G roaming of Philippines to South Africa

2min0
MTN South Africa network will be the first mobile operator in Africa to provide 5G access to customers from the Philippines through its international roaming agreement with the Philippines’ leading mobile services provider, Smart Communications. The agreement delivers on MTN’s and Smart’s commitment to keeping its travelers connected and providing them with access to 5G; […]
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Retail Asia22/09/2021
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General

Vietnam considers lifting Boeing 737 Max ban

1min0
The Civil Aviation Authority of Vietnam has proposed that the Boeing 737 Max aircraft be allowed to operate and imported to the country after a ban of over two years. The CAAV petitioned the Ministry of Transport to consider greenlighting the aircraft after 178 out of 195 global aviation authorities had lifted the ban on […]
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Retail Asia22/09/2021
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General

Vietnam Airlines ready for US direct route

2min0
Vietnam Airlines is set to receive its final permit from U.S. authorities to conduct regular direct flights to the U.S. after nearly two decades of preparation. The national flag carrier has completed all necessary documents to be approved by the U.S. Transportation Security Administration (TSA), it stated. It is set to receive the permit from […]
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Retail Asia22/09/2021
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Finance

Evergrande’s Lenders Prepare Loan Loss Provisions and Rollovers

2min0
Several of China’s largest banks that issued loans to Evergrande are now reportedly considering taking on loan loss provisions and rolling over near-term obligations. Agricultural Bank of China – the nation’s third-largest lender by assets – has made some loan loss provisions for Evergrande-related exposure, according to a report citing unnamed sources. Separately, China Minsheng Banking […]
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Retail Asia22/09/2021
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Finance

DBS Announces More Tech Job Openings

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 […]
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Retail Asia21/09/2021
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Automotive

Cadillac Lyriq Sold Out In 90 Mins

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 […]
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Retail Asia21/09/2021
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Food

Five Guys opens first Australian outlet

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 […]
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Retail Asia21/09/2021
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General

DoorDash bets big on liquor deliveries

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 […]
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Retail Asia21/09/2021
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Finance

UBS China Fund Caught in Tech Maelstrom

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 […]
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Retail Asia20/09/2021
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Food

Cult British water brand Dash heads Down Under

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, […]
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