June 29, 2026

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BMW warns profits under pressure as car margins slip

Mei Ling Tan November 8, 2016

BMW’s profit margins on cars fell in the third-quarter, hit by spending on more engineering staff and new electric car technologies against a backdrop of stiffer price competition in the…

Singulato is China’s latest e-car newcomer to rev up with big fundraising

Mei Ling Tan November 8, 2016

Little-known Chinese electric car start-up Singulato Motors is expected to say this week it raised around $600 million in a second fundraising – the latest such move illustrating China’s headlong…

DoCoMo to phase out i-mode handset shipments

Mei Ling Tan November 8, 2016

Japan’s NTT DoCoMo will end shipments of most feature phones compatible with its home-grown i-mode mobile internet standard by the end of the year. With the exception of some models…

New Zealand cellcos to blacklist Note7’s next week

Mei Ling Tan November 8, 2016

New Zealand’s mobile operators have hammered a nail into the coffin of Samsung’s discontinued Galaxy Note7 smartphones, arranging to blacklist use of the device across all of their mobile networks.…

VinaPhone launches Vietnam’s first 4G services

Mei Ling Tan November 8, 2016

Vietnam’s VinaPhone has become the market’s first operator to launch 4G services, commencing with a deployment providing full coverage of Phu Quoc Island. The VNPT mobile subsidiary has deployed 100…

Indonesia posts 5% growth in Q3

Mei Ling Tan November 8, 2016

Indonesia’s economy grew largely in line with market expectations in the third quarter, though lower government spending and a slowdown among its major trading partners proved a drag on growth.…

Indonesian unemployment rate down in 2016

Mei Ling Tan November 8, 2016

The Indonesia Central Bureau of Statistics (BPS) said in August, 2016, the country had 7.03 million jobless people among 125.44 million of labor force. “Compared with August, 2015, the number…

Potential bidders for Takata may balk at GM bankruptcy precedent

Mei Ling Tan November 8, 2016

As auto supplier Takata Corp (7312.T) prepares for a possible U.S. bankruptcy filing, potential bidders are poring over a recent U.S. court ruling that could expose a buyer to liability…

Unicom trials ADVA’s G.metro technology

Mei Ling Tan November 8, 2016

China Unicom has completed a field trial of ADVA Optical Networking’s prototype G.metro (WDM-PON) technology in a fronthaul network. The operator demonstrated the use of a prototype technology involving using…

Indonesia optimism despite drop in economic growth

Mei Ling Tan November 8, 2016

Despite economic growth slowing in the third quarter, the government remains optimism that better state budget realization will lead to an economic rebound by year-end. Economic growth slowed to 5.02…

Rupiah strengthens to 13,045 as of Monday afternoon

Mei Ling Tan November 8, 2016

The interbank exchange rate of rupiah in Jakarta moved higher by 23 points, reaching 13,045 rupiah per one US dollar compared to 13,068 rupiah previously. “Rupiah strengthened against US dollar…

Hong Kong retail sales decline lessening

Mei Ling Tan November 7, 2016

The heavy rate of decline in Hong Kong retail sales may be over, with September figures showing a relatively small contraction. According to data released by the Census and Statistics…

Isetan The Japan Store causing stir

Mei Ling Tan November 7, 2016

Already causing a stir on social media, Isetan The Japan Store Kuala Lumpur has opened over five floors, replacing the former Isetan department store. Another floor featuring six restaurants is…

Guardian Malaysia plans 30 new stores

Mei Ling Tan November 7, 2016

Guardian Malaysia plans to open 30 stores in 2017 and develop an online business as it bolsters its share of the health and beauty market. With 430 stores trading currently,…

Siam Makro buys four food companies

Mei Ling Tan November 7, 2016

Siam Makro, which runs the Makro cash-and-carry store chain, has clinched a 3-billion-baht (US$85.75 million) deal to acquire four food companies. Through its wholly owned subsidiary Siam Food Services, Siam…

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