Author: Retail Asia

Retail Asia13/04/2021
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4min0
Etisalat partners with Parallel Wireless, Intel, and Supermicro in deploying the world’s first cloud-native Open RAN solutions in Afghanistan — the first Open RAN implementation in Central Asia. Hatem Bamatraf, Chief Technology Officer-International, Etisalat Group, said: “The combination of Open RAN, virtualization, and automation will enable Etisalat to meet the needs of our customers most […]

Retail Asia13/04/2021
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4min0
Hong Kong authorities have seized nearly 9000 Thai cleaning products suspected to have wrong labeling from a shop founded by a pro-democracy activist facing charges under the city’s contentious national security law. Customs officers on Thursday raided 25 shops belonging to the chain, AbouThai, and arrested a 33-year-old male director of the group, the government […]

Retail Asia13/04/2021
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2min0
Expensive luxury brands are racking up strong sales in South Korea, despite the coronavirus outbreak. Consumers, denied overseas travel, have resorted to spending on luxury goods instead, gaining popularity among the MZ Generation (millennials and Generation Z) in particular. The Financial Supervisory Service reported that Christian Dior Couture Korea Co, the South Korean branch of […]

Retail Asia12/04/2021
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1min0
The bank is doubling down on its commitment to the payments industry with its investment in a global cross-border payments platform. SC Ventures, the innovation, ventures and fintech investments unit of Standard Chartered bank, has made a strategic investment in Ireland-based CurrencyFair, it announced in a statement. As a result of the investment, CurrencyFair will […]

Retail Asia12/04/2021
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2min0
DBS is the latest global bank to offload more office space, this time in a Singapore building where it is the anchor tenant. DBS will give up about two and a half floors out of the more than a dozen floors it occupies at Tower 3 of the Marina Bay Financial Centre, according to a […]

Retail Asia12/04/2021
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1min0
Lender Eximbank has sought approval from the State Bank of Vietnam to pay a dividend of VND1,800 ($0.07) per share for 2020. The bank sold its bad debts to the state-owned Vietnam Asset Management Company (VAMC) in 2015 against bonds on the condition it is not allowed to pay dividends until the bonds are fully […]

Retail Asia12/04/2021
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3min0
Having a world-famous camera company supply a phone manufacturer with parts for the photography system on the firm’s handsets is not new. Huawei uses lenses supplied by Leica, and in the latest partnership, OnePlus uses camera parts from Hasselblad. The public might not know that name, but among professionals it is well known and the company has a […]

Retail Asia12/04/2021
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2min0
U.S. aerospace company SpaceX can only launch its satellite Internet service Starlink in Vietnam if it ties up with a local partner, Vietnam’s Department of Telecommunications said. SpaceX, owned by South African-American billionaire Elon Musk, recently announced that Starlink, now in its beta testing phase, would be launched in Vietnam next year and customers could […]

Retail Asia12/04/2021
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1min0
The Nepal Telecommunications Authority (NTA), an autonomous telecommunications regulatory body, together with the Civil Aviation Authority of Nepal has approved international airlines to use Nepal’s Internet and telecom services for its passengers. Airlines would need to apply to NTA, on top of obtaining permission from the International Civil Aviation  Organisation to tap into internet and telecom […]

Retail Asia12/04/2021
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3min0
Home-grown commercial vehicle manufacturer, Ashok Leyland’s global electric mobility arm, Switch Mobility has entered into a partnership with German technology conglomerate, Siemens Limited. The two companies have signed a Memorandum of Understanding (MOU) towards building a cooperative technological partnership in the electric commercial mobility segment and work on eMobility projects in India. The company says […]

Retail Asia12/04/2021
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1min0
US pizza chain Papa John’s is launching in Cambodia with 15 restaurants scheduled to open during the next three years. The company opened its flagship store in Phnom Penh last month. “Papa John’s Cambodia team is truly passionate about pizza,” said Peter Xu, Papa John’s Cambodia franchisee. “With our ‘Better ingredients – Better pizza’ promise, […]

Retail Asia09/04/2021
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2min2
Investors should exercise extreme caution when trading cryptocurrencies, senior minister Tharman Shanmugaratnam said in parliament on Monday. Cryptocurrencies can be highly volatile, as their value is typically not related to any economic fundamentals. They are hence highly risky as investment products, and certainly not suitable for retail investors,» Shanmugaratnam, who is also the minister in charge […]

Retail Asia09/04/2021
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2min0
The deal – the largest merger between a company and a blank cheque company – will value the SoftBank-backed firm at about $35 billion. The Singapore-based technology group could finalize an agreement to list with one of Altimeter Capital’s special purpose acquisition companies (SPACs) as soon as this week. Grab will raise about $2.5 billion through […]


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