June 26, 2026

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Singapore’s services industry business receipts edge up 0.4% in Q2

Mei Ling Tan August 29, 2016

Singapore’s services sector saw a mixed performance in the second quarter with overall revenue edging up 0.4 per cent year on year. This is according to the latest business receipts…

Lotte forecasts $5bn for 2016 after first-half surge

Mei Ling Tan August 29, 2016

South Korean duty free and travel retailer, Lotte Duty Free Group, is targeting a +20% increase in total duty free revenue to reach just over $5bn in 2016 after first…

Globe fast-tracking LTE 700 rollout

Mei Ling Tan August 29, 2016

The Philippines’ Globe Telecom is fast-tracking the rollout of LTE over its recently-acquired 700-MHz spectrum. The operator revealed it has recently rolled out more than 150 700-MHz base stations, mostly…

Pos Malaysia Q1 net profit jumps 40% to RM32mil

Mei Ling Tan August 29, 2016

Pos Malaysia Bhd’s net profit for its first quarter ended June 30, 2016 grew 40% to RM31.84mil, from RM22.74mil a year ago, despite operating in the current challenging environment, said…

New Louis Vuitton perfumes

Mei Ling Tan August 29, 2016

Louis Vuitton perfumes are available again, with the French fashion house offering seven choices for its first fragrance launch in 70 years. Ingredients for the perfumes have been sourced internationally,…

Huawei, Indonesian partners build cloud platform

Mei Ling Tan August 29, 2016

PT Huawei Tech Investment (Huawei Indonesia) has worked with Accenture, Cloudera, Anabatic, IDPRO, Infosys and Telkomsigma to build a new cloud ecosystem. The new solution, FusionSphere 6.0, was launched during…

Robust profit for 7-Eleven Malaysia

Mei Ling Tan August 29, 2016

Despite a sluggish retail market, 7-Eleven Malaysia had robust after tax profit, growing 40.3 per cent, in its second quarter compared with the same period last year. Gross profit margin…

Philippines Mactan casino project to start in 2017: Calata

Mei Ling Tan August 28, 2016

Philippine fertiliser product distributor Calata Corp says construction works for its Mactan casino resort are scheduled to start in January 2017. “There will be a 36-month construction schedule with six…

IBM opens 9th APAC cloud center in Korea

Mei Ling Tan August 28, 2016

IBM has launched its first cloud data center in Korea together with SK Holdings, a Korean IT services company IBM partnered with last year. The company’s ninth cloud data center…

Xiaomi eyes offline expansion

Mei Ling Tan August 28, 2016

Chinese smartphone vendor Xiaomi Corp unveiled a new smartphone with China Mobile Communications Corp on Thursday, as the company steps up efforts to expand offline retailing channels. China Mobile, the…

Prada falls on tough times in China

Mei Ling Tan August 28, 2016

Italian fashion brand Prada is suffering from shrinking demand in its largest market of China, with a 20%-plus drop in first-half sales dragging down overall profit to the same degree.…

Lotte Group vice chairman found dead, suicide suspected

Mei Ling Tan August 28, 2016

A local news agency reports that a suicide note was found in the executive’s car. A senior executive at South Korea’s Lotte Group was found dead on Friday, a suspected…

Curtain to Rise on Major Fashion Event Centerstage Next Month

Mei Ling Tan August 28, 2016

CENTRESTAGE, a brand new fashion promotion and launch platform, will be held from 7 to 10 September at the Hong Kong Convention and Exhibition Centre (HKCEC). Organised by the Hong…

Flying start for Innisfree China at Disneyland

Mei Ling Tan August 27, 2016

Korean beauty brand Innisfree China, known for its natural ingredients, has come up with a fresh idea to promote its new store in Shanghai Disneyland. Using the “Jeju flying bike”,…

Jimmy Choo sales outperform Burberry and Mulberry

Mei Ling Tan August 27, 2016

British footwear brand Jimmy Choo has outperformed luxury peers such as Burberry and Mulberry to post a strong set of growth figures for the first half of 2016. While competitors…

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