June 14, 2026

Latest News

FamilyMart Japan culls staff as store network shrinks

Mei Ling Tan November 26, 2019

FamilyMart Japan is reducing its operational costs by letting go 800 employees. The redundancies equate to about one in 10 of the convenience-store operator’s total staff count, and will be…

Burberry Japan opens flagship store in Ginza

Mei Ling Tan November 26, 2019

Burberry Japan has opened a flagship store in Tokyo’s Ginza district, the label’s fourth new store to open in the last six months. Located at the exclusive Ginza Marronnier building,…

Estee Lauder bought South Korean Dr Jart+ Brand

Mei Ling Tan November 26, 2019

Estee Lauder has acquired the remaining two-thirds it does not already own of Have & Be, the Seoul-based company behind skincare brand Dr Jart+. The global cosmetics company bought a…

Heineken no longer a major shareholder of Sabeco

Mei Ling Tan November 26, 2019

Dutch brewer Heineken sold over 5 million Sabeco shares Friday, bringing its stake in Vietnam’s biggest brewer Sabeco down to 4.32 percent. The shares, equivalent to an approximate 0.81 percent…

Google’s Checking Accounts May Help Banks Boost Deposits

Mei Ling Tan November 26, 2019

Google’s newly announced checking account service could aid banks in their battle for consumer deposits, as digital-only banks lure away customers with friendly mobile apps and higher interest rates. The…

Citibank Indonesia’s 9-Month Net Profit Surged

Mei Ling Tan November 26, 2019

Citibank NA Indonesia posted a net profit of 2.4 trillion Rupiah ($170.51 million) in the first nine months of the year, a 70 percent jump from the same period last…

HSBC Shuts Protest-Related Account in Hong Kong

Mei Ling Tan November 26, 2019

A corporate account reportedly linked with protest-related activities has been closed by HSBC though it cites regulatory risks. The account is reportedly being used to raise funds to support protest-related…

OCBC Targets 200 Homegrown Cyber Risk and Security Staff

Mei Ling Tan November 26, 2019

OCBC is partnering with Temasek Polytechnic in an effort to train up to 200 employees to become cyber risk analysts and cybersecurity specialists in the next three years. The bank…

Volkswagen Cuts Medium-Term Outlook For Operating Profit

Mei Ling Tan November 26, 2019

German carmaker Volkswagen on Monday cut its medium-term outlook for operating profit as the industry is being hit by a global downturn. VW now expects operating profit before special items…

Huawei’s position looks promising with potential licenses underway for US companies

Mei Ling Tan November 26, 2019

Trump has placed Huawei on the Commerce Department’s “entity list” for national security reasons. Huawei has repeatedly stated that the US claims are not based on any proven evidence. Entities…

Softbank, Line merger foretells the birth of a new tech powerhouse

Mei Ling Tan November 26, 2019

The alliance between the two Japanese companies is estimated to be worth $30 billion and is expected to be concluded by October next year. The merger’s combined revenue could see…

Nokia, Hitachi union will support local enterprises through 5G and private LTE solutions

Mei Ling Tan November 26, 2019

As part of the collaboration, the Nokia Digital Automation Cloud platform with its secure, reliable and low-latency connectivity will be used for applications including video analytics, AI, machine learning and IoT, as…

China’s 3 mobile carriers kickstart commercial 5G rollout to the public

Mei Ling Tan November 26, 2019

Recently, China Mobile released the results of centralized procurement of Phase I NFV network equipment in 2019. This broad range of procurement involves 31 provincial companies in eight regions of…

Automobili Pininfarina’s Second Car To Rival The Urus

Mei Ling Tan November 26, 2019

It was at the 2019 Geneva Motor Show that Mahindra-owned Pininfarina showcased the world’s first luxury electric hyper-performance GT and it’s called the Battista. In fact, the company brought three…

Retailers need to offer more flexible in-store shopping options

Mei Ling Tan November 25, 2019

The advancement of digital and mobile innovation is creating disruption across the Asian retail sector. Richard Wright, Managing Director Southeast Asia at Manhattan Associates, looks at how the role of…

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Latest News

FamilyMart Japan culls staff as store network shrinks

Burberry Japan opens flagship store in Ginza

Estee Lauder bought South Korean Dr Jart+ Brand

Heineken no longer a major shareholder of Sabeco

Google’s Checking Accounts May Help Banks Boost Deposits

Citibank Indonesia’s 9-Month Net Profit Surged

HSBC Shuts Protest-Related Account in Hong Kong

OCBC Targets 200 Homegrown Cyber Risk and Security Staff

Volkswagen Cuts Medium-Term Outlook For Operating Profit

Huawei’s position looks promising with potential licenses underway for US companies

Softbank, Line merger foretells the birth of a new tech powerhouse

Nokia, Hitachi union will support local enterprises through 5G and private LTE solutions

China’s 3 mobile carriers kickstart commercial 5G rollout to the public

Automobili Pininfarina’s Second Car To Rival The Urus

Retailers need to offer more flexible in-store shopping options

Robotic Revolution: Hong Kong Unveils First 24/7 Convenience Store Operated by Humanoid

Li & Fung Partners with Vera Bradley: A Bold Foray into the Apparel Industry

Hermès Unveils Culturally-Inspired Boutique at The Landmark Nagoya Sakae

South Korea Slaps Coupang with Record $409M Fine Over Unprecedented Data Breach

Emirates SkyCargo Expands Global Network with Weekly Freighter Service to Almaty, Central Asias Growing Commercial Hub

Yakult Singapore Swaps Unpopular Orange Flavor for Peach, Sparks Consumer Debate

Ease Your Cost-of-Living: Singaporean Households Grab $390 Support Vouchers!

Fuel Frenzy: Indonesia Suffers Sudden 32% Surge in Popular Gasoline Prices Amidst Middle East conflict

Hollister Brings California Cool to the Philippines with First Store Debut at SM Mall of Asia

Frasers Group Boldly Bids $2.3 Billion for Complete Control of Hugo Boss

Zara Unveils Latest Flagship Store in Shanghai, Showcasing New Global Store Design

Guoquans Global Debut: Chinese Home-Dining Giant Ventures into Hong Kong Market

From Disruption to Resilience: How Retail Supply Chains Are Evolving in Asia

Tim Hortons China Welcomes New CEO Kwok Wah Cheung to Harness Growth and Innovation

Surging Ahead: Luckin Coffee Topples 35,000-Store Milestone with Rapid Global Expansion