June 25, 2026

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Thailand’s Central declares $89.6 mln tax on Big C Vietnam deal

Mei Ling Tan August 3, 2016

Thai retail giant Central Group has declared around VND2 trillion (US$89.6 million) in tax on its acquisition of Vietnam’s biggest foreign-owned supermarket chain Big C, local media reported. Big C…

Thailand’s Dtac calls for frequency act amendments

Mei Ling Tan August 3, 2016

Dtac’s new chief corporate affairs officer Paradai Theerathada gave evidence at the National Legislative Assembly committee on the new National Broadcasting and Telecommunications Act. Paradai joined Dtac from TMB (formerly…

Keppel Land opens mall in Ho Chi Minh City

Mei Ling Tan August 3, 2016

Property firm Keppel Land opened a mall in Ho Chi Minh City yesterday as part of plans to increase its presence in Vietnam. The mall in Saigon Centre has 55,000…

HTHKH 1H profit falls 26%

Mei Ling Tan August 3, 2016

Hutchison Telecommunications Hong Kong Holdings (HTHKH) has reported a 26% year-on-year decline in net profit for the first half of the year to HK$376 million ($48.5 million), due to weaker…

Mydin hypermarket chain founder dies at 88

Mei Ling Tan August 3, 2016

Mydin hypermarket chain founder Mydin Mohamed Ghulam Hussein died of old age at a private hospital in Kuala Lumpur today. His son, who is also Mydin Mohamed Holdings Bhd managing…

Singtel, Ericsson complete SEA’s first 5G demo

Mei Ling Tan August 3, 2016

Singtel and Ericsson have completed the first live demonstration of 5G prototype technology, achieving a peak throughput of 27.5Gbps. The demonstration used Ericsson’s 5G radio prototypes to showcase the capabilities…

Would you ever take investment advise from an app?

Mei Ling Tan August 3, 2016

Fintech firm 8 Securities said on Monday it plans to launch Hong Kong’s first so-called robo-investment advisor app in the next quarter, which it is calling “Chloe”, but experts remained…

Nippon Express, Alibaba to team up in China-bound shipping

Mei Ling Tan August 3, 2016

Nippon Express will work with e-commerce giant Alibaba Group Holding to ship Japanese goods to China for around 30% less than current prevailing rates. The Japanese shipper will transport goods…

Security on cloud still a major challenge for global firms, says study

Mei Ling Tan August 3, 2016

Despite the continued importance of cloud computing resources to organizations, companies are not adopting appropriate governance and security measures to protect sensitive data in the cloud. This is just one…

Millennials driving force behind Taobao Marketplace

Mei Ling Tan August 3, 2016

Millennials are the driving force behind Taobao Marketplace, with more than 70 percent of buyers in their 20s and 30s, according to Chris Tung, chief marketing officer at Alibaba Group.…

Vietnam real estate giant opens five-star hotel in Myanmar

Mei Ling Tan August 3, 2016

Vietnamese realty group Hoang Anh Gia Lai on Sunday put into operation a five-star hotel in Yangon, Myanmar. The hotel is housed in the group’s Myanmar Center, located some eight…

Robinsons Retail buys stake in De Oro Pacific

Mei Ling Tan August 3, 2016

Robinsons Retail Holdings Incorporated has acquired a majority stake in De Oro Pacific Home Plus Depot, a big box builders hardware depot with 3-store chain in Northern Mindanao. The Gokongwei-led…

NTT Com to launch MVNE platform in HK

Mei Ling Tan August 3, 2016

NTT Com and fellow NTT Group member Dimension Data have teamed up to launch Hong Kong’s first mobile virtual network enabler (MVNE) platform. The service will allow MVNOs access to…

Krispy Kreme snapped up by retail giant

Mei Ling Tan August 2, 2016

Corporate retailer JAB Holdings has successfully concluded its purchase of Krispy Kreme Doughnuts, a deal first mooted in May. As a result, share-trading on the NYSE has ceased as the…

‘Modest’ growth for Dairy Farm International

Mei Ling Tan August 2, 2016

Pan-Asia retailer Dairy Farm International Holdings reports “modest” sales growth for the six months ended June 30. Underlying profit was slightly ahead as higher contributions from food, home furnishings, restaurants…

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