Author: Retail Asia

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 […]

Retail Asia16/09/2021
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2min0
Italian brand Ferrero has moved another step towards sustainability with the launch of its new eco-designed box for the Ferrero Rocher range. After trialing 29 different plastics and working with leading materials expert Milliken, the new packaging is sourced from polypropylene (PP), which is easy to recycle and can help reduce the use of plastic […]

Retail Asia16/09/2021
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3min0
JD.com launched the “JD MALL” brand, the upgraded version of its E-Space omnichannel retail experience store on September 14, via an online press conference. The new shopping destination will first debut in Xi’an, China, on September 30. With an area of 42,000 square meters across five floors, JD MALL in Xi’an offers an immersive omnichannel […]


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