June 28, 2026

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Hermes results show luxury rebound

Mei Ling Tan November 7, 2016

Rebounding luxury goods sales in Mainland China and improvements in Hong Kong have boosted third-quarter Hermes results. Analysts are pointing to these and last week’s strong Kering numbers in tipping…

Spar India continues roll-out

Mei Ling Tan November 7, 2016

Spar India has opened its 18th store as the grocery franchise continues its rollout. The latest store is located in Hyderabad’s Paradise Mall, which is owned by Spar India’s licensee…

Victoria’s Secret China unit eyes $1bn sales

Mei Ling Tan November 7, 2016

L Brands, the parent of Victoria’s Secret, now considers China its most important global market. Executives said this week they expect that in as few as five years China, Western…

Aeon revenues rise

Mei Ling Tan November 7, 2016

Japanese retailer Aeon has seen its revenue edged up 0.9 per cent in the latest half year, but its results vary greatly between formats. Total sales reached JPY 4,112 billion…

Garuda Indonesia books USD19.6 mil net income in Q3 2016

Mei Ling Tan November 6, 2016

Garuda Indonesia, booked net income of USD 19.6 million or IDR 254.8 billion (exchange rate IDR 13,000 per USD) during the third quarter (July – September period) of 2016 as…

Number of Chinese tourists to Bali shoots up 36%

Mei Ling Tan November 6, 2016

The number of visits by Chinese tourists to Bali shot up 35.84 percent to 741.740 in the first nine months of this year from 546,035 visits in the same period…

Japanese manufacturers pitch new products at Indonesia motorcycle show

Mei Ling Tan November 6, 2016

Japanese motorcycle manufacturers are promoting their products at the Indonesian Motorcycle Show 2016 in Jakarta, with Suzuki Motor Corp. using the biennial event to unveil its latest models. Suzuki took…

Mirus adds 1.5″ to AirAsia knee room, aims high with new options

Mei Ling Tan November 6, 2016

AirAsia’s seatmaker Mirus made headlines even before the recent Aircraft Interiors Expo Asia started by announcing a partnership with digEcor and IFPL to add USB power to the armrest of…

Goldman’s Instructed by ANZ

Mei Ling Tan November 6, 2016

It has been an interesting week for Australian bank ANZ. On Monday it agreed a deal with Singaporean bank DBS to dispose of its Asian wealth units. Now it appears…

Ex-UBS Executive Director Joins HSBC

Mei Ling Tan November 6, 2016

A former Executive Director, Wealth Management at UBS, Singapore, has crossed the street to take up a senior role with rival HSBC Private Bank. In a statement HSBC Private Bank said: «We…

GPSengine, Alematics forge partnership in tracking fleets

Mei Ling Tan November 6, 2016

Alematics a tracking device manufacturer for fleet tracking and management and GPSengine, a leading hosted platform service provider in IoT, GNSS, Tracking and Telematics,have established a new partnership to support…

AI, Gamification and Blockchain at DBS Hong Kong Accelerator

Mei Ling Tan November 6, 2016

Showcasing innovative fintech solutions that leverage artificial intelligence, blockchain technology, gamification and more, the founders of seven startups from Hong Kong and around the world met with hundreds of potential…

Tata Motors signs MoU with PT Pindad to sell armoured vehicles in Indonesia

Mei Ling Tan November 6, 2016

Tata Motors and PT Pindad have signed a Memorandum of Understanding (MoU) for cooperation to explore market potential of Tata Armoured Vehicles in Indonesia and other regions of ASEAN. The…

World Bank approves loan for Indonesia`s logistics sector

Mei Ling Tan November 6, 2016

The Executive Board of the World Bank has approved a US$400 million Development Policy Loan for the Indonesias Logistics Reform, which will be used to improve the countrys logistics system…

Program to open new rice fields in East Nusa Tenggara to continue in 2017

Mei Ling Tan November 6, 2016

Head of the East Nusa Tenggara provincial Agriculture and Plantation Service Yohanes Tay Ruba said the province would continue the program of opening of new rice fields in 2017. “Currently…

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