Tesco’s statutory profit before tax improved from a £6.3 billion loss last year back into positive territory of £162 million as the impact of a deep write-down in the value…
A majority stake in UK luxury fashion retailer Reiss has been bought by private equity company Warburg Pincus. The transaction values the brand, which started out as a menswear store…
Robi Axiata has introduced Wi-Fi services in 100 buses and 100 taxis in Bangladesh as part of a government-led project to improve internet availability in the nation. The network services…
Difficult times on Asian markets, especially in Hong Kong and Macau with lower local demand and fewer tourists, have impacted Prada profits. “At the same time, social and political tensions…
Gemalto has launched a secure element based applet for smart wearables developed by China UnionPay (CUP). CUP had launched smart wearables with embedded secure elements based payment applications last year.…
Garuda Indonesia has confirmed an order with Airbus for the purchase of 14 A330-900neo, the new re-engined version of the best-selling A330 widebody airliner, to support the company’s growth and…
Tea exporters from south are exploring opportunities to double their exports to Malaysia and Indonesia by joining hands with the tea industry in those countries. The exporters’ organisation has signed…
PT Garuda Indonesia (Persero) Tbk. Denpasar Branch Office has targeted a 10 percent growth this year compared to 2015. Micky Irfandi, General Manager of Garuda Indonesia Denpasar Branch Office, said…
The Indonesia’s flag carrier, Garuda Indonesia, said it is optimistic cargo transport service would contribute 20 percent to its income this year. “I think the target could be achieved. For…
Liverpool FC training kit sponsor Garuda Indonesia has confirmed an order with Airbus for 14 A330-900 aircraft. The planes, the new re-engined version of the best-selling A330 widebody airliner, will…
The government has made it mandatory for retail businesses across Indonesia to charge customers 1.5 cents for each plastic bag they use. Supermarkets and vendors in cities across Indonesia have…
In-store technology is helping brick-and-mortar stores like Timberland retain their relevance in a fast-growing online world according to leading US retailer VF Corporation (VFC). Todd Starcevich, Americas VP of direct-to-consumer…
McDonald’s Asia is preparing to sell some 2800 restaurants across Asia as it introduces a new business model in its fastest growing major market. And Reuters has named frontrunning investors…
New income from Tropicana City Mall and higher contributions from Gurney Plaza and East Coast Mall, CapitaLand Malaysia Mall REIT Management (CMRM) have propelled reported property income growth of 13.1…
Burger King Korea has been snapped up by private equity investors. Affinity Equity Partners has completed the buyout of the Korean business of the US fast food brand for 210…
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