June 25, 2026

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Exhibition industry contributes $6.8 billion to Hong Kong’s economy

Mei Ling Tan August 10, 2016

Findings from the latest Economic Impact Study on the contribution of Hong Kong’s exhibition industry to the economy in 2014, released today, contained encouraging news for the industry and for…

Chinese retail real estate crushed

Mei Ling Tan August 10, 2016

One of the under discussed aspects of rising real estate prices is the attendant rising rents amid a brick-and-mortar retail slowdown. In 2015, the top 100 chain stores saw sales…

Aeon to accelerate Myanmar supermarket business

Mei Ling Tan August 10, 2016

Aeon will open new supermarkets in Myanmar at a faster clip over the next five years, according to business plans announced Monday, with shopping centers also under consideration. The Japanese retail group recently established supermarket chain Aeon Orange,…

SingPost eCommerce growth, investment shape results

Mei Ling Tan August 9, 2016

SingPost eCommerce delivered soaring sales growth – and expenses – in the last quarter. Revenue in the three months to June 30 grew a robust 30.9 per cent to S$333.4…

Carousell raises $35m for expansion

Mei Ling Tan August 9, 2016

Singapore-based online marketplace Carousell has raised US$35 million in a funding round led by Rakuten Ventures. Other investors in the Series B funding round included Golden Gate Ventures, Sequoia India and…

Asia leads Burger King sales growth

Mei Ling Tan August 9, 2016

Burger King sales are growing faster in Asia than in any other part of the world, reports parent Restaurant Brands. Sales in Asia rose 5.3 per cent, according to the company’s…

Time Warner signs up for Hulu joint venture

Mei Ling Tan August 9, 2016

Time Warner will become a 10% owner of Hulu, joining The Walt Disney Company, 21st Century Fox, and Comcast in the joint venture. Turner’s entertainment, sports, news and kids networks…

China’s LeEco acquires US-based Vizio for $2b

Mei Ling Tan August 9, 2016

LeEco entered into a definitive agreement to acquire Vizio for $2 billion, with the latter’s hardware and software businesses to be operated as a wholly owned subsidiary. Meanwhile, Vizio’s data…

Modern Avenue Group cancels Italian store deal

Mei Ling Tan August 9, 2016

Chinese distributor Modern Avenue Group (formerly Canudilo) has decided not to proceed with its purchase of the luxury Excelsior Milano department store. Modern Avenue, which owns sport couture brand Dirk…

MobiFone builds 300Gbps packet-optical backbone

Mei Ling Tan August 9, 2016

MobiFone is leveraging Ciena technology to build the Vietnamese operator’s first high-capacity converged packet-optical network. Currently provisioned with 300Gbps, the network spans more than 1,400 kilometers across the country from…

NZ’s UFB network now reaches over 1m premises

Mei Ling Tan August 9, 2016

More than one million premises in New Zealand, including households, businesses, schools, and hospitals, are now connected to the government’s Ultrafast Broadband (UFB) network. “This means 2.4 million New Zealanders…

TrueMove to be ordered to set up Pokemon no-go zones

Mei Ling Tan August 9, 2016

Thailand’s telecom regulator has summoned Pokemon master license holder True for urgent meetings today (9 August) and will order True to communicate with the franchise holder to set up Pokemon no-go…

Globe to provide free Wi-Fi in LRT1 stations

Mei Ling Tan August 9, 2016

The Philippines’ Globe Telecom has agreed to provide free Wi-Fi services in all 20 stations of metro Manila’s Light Rail Transit System-Line 1 (LRT1). The company has agreed to provide…

Idea Q1 profit slumps 36.1%

Mei Ling Tan August 9, 2016

India’s Idea Cellular has reported a steep 36.1% decline in net profit for its fiscal first quarter to 4.97 billion rupees ($74.4 million), as spectrum and investment costs weighed down…

Pokemon no-go in Thailand

Mei Ling Tan August 9, 2016

Thailand’s Culture Minister has warned people against playing Pokemon Go, especially in religious and historic sites while the Tourism and Sports ministry is seeking to use the game to promote…

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