June 19, 2026

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Philippines Plans to Restrict Access to Cash-Mopping Tools

Mei Ling Tan January 20, 2016

The Philippines plans to close a loophole in regulation of trust funds, by restricting those overseen by banks from parking short-term cash at the central bank. Bangko Sentral ng Pilipinas…

Starbucks China plans massive expansion

Mei Ling Tan January 20, 2016

Starbucks China is planning to open a further 1400 cafes by 2019, the company has revealed. Currently, the US headquartered coffee giant has about 2000 locations in 100 Chinese cities…

Empty shops ahead, says DTZ Hong Kong

Mei Ling Tan January 20, 2016

Higher vacancy rates in prime retail sites in Hong Kong are expected after the Chinese New Year holidays, reports property consultancy DTZ. This could potentially lead to a 5 to…

Myanmar City Mart secures IFC loan

Mei Ling Tan January 19, 2016

Supermarket group Myanmar City Mart Holding Company (CMHL), the nation’s largest private retail group, is borrowing $25 million to finance a nationwide expansion. With more than 150 retail outlets in…

First Singapore Apple Store starts construction

Mei Ling Tan January 19, 2016

Singapore’s first Apple Store is taking shape on Orchard Road – not that anyone would notice. To keep the design a secret ahead of its grand opening later this year,…

Fabi launches first retail store in India

Mei Ling Tan January 19, 2016

Designed by Alessandro Germini, the store decor is in line with contemporary stores across Europe and the rest of the world. The store exhibits class and its décor is pristine…

Walmart shuts 269 stores worldwide

Mei Ling Tan January 19, 2016

On Friday, Walmart announced it will close 269 stores globally as it struggles to compete with online retailers like Amazon. The news came as US retail figures showed lower than…

Dynafit China appoints retail partner

Mei Ling Tan January 19, 2016

Ski, mountaineering and backcountry gear manufacturer Dynafit has announced Blue Ice Adventure as its retailing partner for the Chinese market. It is part of the Swiss company’s strategy to expand…

Hang Lung’s Chan Says Hong Kong Property Market Healthy

Mei Ling Tan January 19, 2016

Hang Lung Group Ltd.’s Chairman Ronnie Chan said Hong Kong’s property market, which began a correction last quarter, is the “healthiest” he’s seen in 25 years. Speaking in an interview…

Central Group eyes Casino’s units in Thailand, Vietnam

Mei Ling Tan January 19, 2016

Thailand’s largest retail conglomerate Central Group is keen to bid for Casino Group’s Thai and Vietnam operations, a company executive said. Casino owns 58.6% of Big C Supercenter Plc, which…

Fashion Business will Grow in 2016, Association Says

Mei Ling Tan January 19, 2016

Dwi Iskandar, chairman of Bali Indonesian Fashion Chamber (IFC), said that the fashion business in Indonesia is expected to grow by 20 to 30 percent in 2016. “We believed that…

Kertajati airport project to cost Rp3.7 trillion

Mei Ling Tan January 19, 2016

The Kertajati airport project in West Java will cost around Rp3.7 trillion, to be paid by the central governmernt West Java Governor Ahmad Heryawan said. The central government through the…

Ford Philippines delivers record sales in 2015

Mei Ling Tan January 19, 2016

Ford Philippines sales last year jumped a record 25 percent to 25,372 units, firmly establishing Ford as the number three-selling automotive brand in the country. EcoSport, Everest and Ranger each…

Xiaomi’s sister firm taps into Korean market

Mei Ling Tan January 19, 2016

Chinese electronics giant Xiaomi’s sister company Zmi has tapped into the Korean market by partnering with local online retail site 11st.co.kr. The online auction and retail site said Monday that…

Toys”R”Us® Opens Its 100th Store In China

Mei Ling Tan January 19, 2016

Ten years after first entering the market, Toys”R”Us, Inc., the world’s leading dedicated toy and baby products retailer, today announced that the company has opened its 100th store in China. The…

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