June 25, 2026

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‘Bilateral agreement will give players greater banking access’

Mei Ling Tan August 4, 2016

Top Malaysian financial players with a presence in Indonesia lauded the bilateral agreement between Indonesia and Malaysia, saying it will pave the way for greater access to conventional and Islamic…

PLDT opens Philippines’ biggest data center

Mei Ling Tan August 4, 2016

Philippine service provider PLDT has opened the country’s biggest data center at major business district Makati City. The new facility has been built to serve a wide range of organizations,…

Sainsbury’s China doubling product range

Mei Ling Tan August 4, 2016

With the success of its trial with Tmall Global, Sainsbury’s China is doubling its product range. Citing “increasing demand”, the British supermarket retailer is about to release 100 more items,…

Korean Government to Develop ‘Bojeong-dong Café Street’ in Indonesia

Mei Ling Tan August 4, 2016

The Small and Medium Business Administration (SMBA) announced its plans on August 3 to develop a small business K-town in Indonesia modeled after “Bojeong-dong Café Street” as a means of…

AXA, Alibaba, Ant Financial enter global partnership

Mei Ling Tan August 4, 2016

AXA, Alibaba and Ant Financial Services have agreed jointly explore opportunities to distribute AXA’s insurance products and services through Alibaba’s global e-commerce ecosystem. The deal is expected to benefit the…

Strong quarter buoys Matahari Putra Prima

Mei Ling Tan August 4, 2016

A solid second quarter sent Matahari Putra Prima’s sales up 2.1 per cent in the first half to June 30. The Indonesian mixed format grocery retailer has reported net sales…

Indonesia joins Malaysian halal e-commerce

Mei Ling Tan August 4, 2016

The Indonesian Chamber of Commerce and Industry (Kadin) has joined Malaysia’s halal e-commerce website to tap into a larger international consumer base for local products, while at the same time…

Globe lifts 1H16 profit by 3%

Mei Ling Tan August 4, 2016

The Philippines’ Globe Telecom has reported a 3% year-on-year increase in net profit and an 11% increase in revenue for the first of the year despite heightened competitive intensity. The…

Asia driving ‘significant’ growth in airport retail

Mei Ling Tan August 4, 2016

Asia is driving “significant growth” in the global airport retail market, according to a new report from Credence Research. This is based on the increasing disposable income of middle-class families in…

Asian tourists boost Australian luxury retailing

Mei Ling Tan August 4, 2016

International tourists, particularly from Asia, have been a major driver of strong revenue growth in Australian luxury retailing over the past five years. The latest Luxury Retailing in Australia report…

Unicom warns to expect an 80% profit slump for H1

Mei Ling Tan August 4, 2016

China Unicom has warned it expects to report an 80% year-on-year slump in net profit for the first half of the year as a result of a surge in expenses.…

SmarTone launches multi-device Wi-Fi calling

Mei Ling Tan August 4, 2016

Hong Kong’s SmarTone has introduced Wi-Fi calling for multiple devices using equipment provided by Ericsson. The new Wi-Fi calling service allows customers to pair up to five personal devices that…

YLKI Protests Indecent Bikini-brand Snack

Mei Ling Tan August 4, 2016

Chairman of Executive Committee of the Indonesian Consumers Organization Foundation (YLKI) Tulus Abadi protested on a Bikini-brand snack product. Tulus said the brand sold in social media is considered as…

Cloud infra services up 52% year on year to $9.5b

Mei Ling Tan August 3, 2016

Worldwide cloud infrastructure services expenditure grew 52.3% year on year in Q2 2016, reflecting the ongoing adoption by businesses and expanding use of consumer-centric services, such as social media, gaming…

Inditex Group to introduce m-payment in Sept

Mei Ling Tan August 3, 2016

Mobile payment is coming to stores belonging to fashion retailer Inditex Group in September, chairman and executive Pablo Isla announced recently during the company’s annual general meeting. Inditex has eight…

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