Category: General

Retail Asia13/01/2020
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3min0
Low-cost carrier AirAsia Bhd has launched new flights to Chengdu, the capital city of Sichuan Province, China for travelers flying out of Malaysia’s northern hub Penang. These new three times weekly direct flights commencing 8 March 2020 will provide exclusive air connectivity between Penang to Sichuan Province. “We are excited to announce our first new […]

Retail Asia10/01/2020
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2min0
Bamboo Airways reported pre-tax profit of VND303 billion ($13 million) in 2019 after one year of flying. The private airline expects profits to increase by VND1 trillion ($44.4 million) in 2020, three times higher than last year, CEO Dang Tat Thang said. It is expected the carrier will list on the Ho Chi Minh City bourse […]

Retail Asia10/01/2020
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2min0
The Vietnam Railways Corporation (VNR) has admitted its inability to meet performance targets because of competition from low-cost airlines. VNR transported VND8.4 trillion ($362 million) worth of cargo in 2018, up 5 percent year-on-year, but 1.9 percent off the annual target, chairman Vu Anh Minh said at a recent industry conference. Revenue was VND8.19 trillion […]

Retail Asia10/01/2020
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4min0
Convenience-store Carrefour Easy has opened inside Chinese retailer Suning.com’s Shanghai Zhongshan store, marking the latest step towards integrating the two retail businesses. With sales areas ranging from 100sqm to 250sqm, Carrefour Easy has been building a network of standalone convenience stores in China since 2015. The launch inside a Suning store marks the latest development […]

Retail Asia10/01/2020
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3min0
The Asian Licensing Conference at the Hong Kong Convention and Exhibition Centre is being held this week. The event, organised by the Hong Kong Trade Development Council (HKTDC), focuses on the latest market trends and opportunities in the region through the lens of some of the industry’s top licensees and project owners. The 18th edition […]

Retail Asia09/01/2020
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2min0
An unidentified Hong Kong toy-shop owner has been convicted of misleading omission commercial practice. The owner was convicted of engaging in commercial practices involving misleading omission according to the Trade Description Ordinance (TDO) and sentenced to 200 hours of community service by Kowloon City Magistrates’ Courts. The court also ordered him to compensate HK$11,210 (US$1440) […]

Retail Asia09/01/2020
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1min0
Emart is to shut down its Pierrot discount-store chain to focus on luring customers to its mainstay hypermarkets. After significantly falling sales last year, the South Korean giant closed down several Pierrot stores, including the store in Myeongdong shopping district. The company will shut the remaining six stores this year. Meanwhile, Emart plans to remodel about […]

Retail Asia08/01/2020
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2min0
Gold prices in Vietnam soared to a six-year high on Monday amid rising military tension between the U.S. and Iran. The country’s largest jewelry company DOJI sold its SJC gold at VND44.44 million ($1,924) per tael (1.2 ounces) on Monday morning, up 3.78 percent from Friday. Another giant Phu Nhuan Jewelry also raised its selling […]

Retail Asia08/01/2020
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5min0
Indian retail leasing activity in major cities slumped 35 percent last year as the country’s economy continued on a sluggish course. “It’s very obviously not business as usual in the Indian retail sector, and retailers have had to reduce costs – not least of all by realignment of retail spending,” said Anuj Kejriwal, MD and […]

Retail Asia07/01/2020
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2min0
AirAsia said on Friday that it was increasing the frequency of flights in high demand domestic and international destinations. “We are pleased to welcome the new year with additional flights, offering guests more options when flying with us as they accomplish their travel goals this 2020,” Ricardo “Ricky” P. Isla, AirAsia Philippines chief executive officer, […]

Retail Asia07/01/2020
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1min0
Miniso Philippines has opened a new store at Estancia Mall, marking its 100th store. To celebrate the launch, a Japanese Kagami Biraki ceremony was led by Miniso president Michael Hong. The Chinese discount merchandise chain’s new store features lifestyle products including electronics, health and beauty lines, fashion accessories, seasonal products, food and beverages. Miniso Philippines’ […]

Retail Asia06/01/2020
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3min0
138,100 businesses were established in Vietnam this year, the highest ever, with the government’s initiative to increase the quantity and quality of enterprises bearing fruit. In terms of volume, the figure was up 5.2 percent year-on-year, while their registered capital also climbed a new high at over VND1,730 trillion ($75.1 billion), up 17.1 percent year-on-year, […]

Retail Asia06/01/2020
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2min0
National flag carrier Vietnam Airlines estimates its consolidated pre-tax profit for 2019 at an all-time high of VND3.37 trillion ($146 million). The figure also marks a 10 percent year-on-year increase, Vietnam Airlines said in a press release. Its consolidated revenue is estimated at VND101.18 trillion ($4.39 billion) this year, up 2.2 percent year-on-year. In 2019, […]


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