June 19, 2026

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Korean retailers suffer from warm winter

Mei Ling Tan January 6, 2016

The unusually warm weather has hurt Korean retailers sales of everything from winter coats to snow boots, while boosting sales of outdoor sportswear and camping gear, store executives say. December…

Hanwha Galleria to open in Seoul on Dec

Mei Ling Tan January 6, 2016

Hanwha Galleria, the retail unit of South Korean conglomerate Hanwha, says it will partially open its first duty-free store in downtown Seoul next week. About 60 per cent of the…

Nature Republic shutters TST flagship

Mei Ling Tan January 6, 2016

Korean cosmetics retailer Nature Republic has shuttered its Tsim Sha Tsui flagship store – seven months before the end of its lease. According to a report in the Hong Kong…

Young, rich, e-savvy will transform Chinese economy

Mei Ling Tan January 6, 2016

China has been one of the world’s fastest-growing consumer markets in recent decades and there’s no sign that is going to change anytime soon, slowing economy or not, US management…

Dior China opens largest flagship yet

Mei Ling Tan January 6, 2016

Dior’s new Beijing China World boutique is the French luxury label’s largest flagship store in China. Dior China opened the store this week in conjunction with its re-staged Spring/Summer 2016…

Thai retailers call for more tax breaks

Mei Ling Tan January 6, 2016

The government should continue endorsing tax breaks for consumers and open more duty-free shops to attract foreign tourists and boost the retail business, according to the Thai Retailers Association (TRA).…

Message apps pose growing risk for China securities regulator

Mei Ling Tan January 6, 2016

A growing number of China’s retail investors are opening trading accounts on messaging and social media app WeChat, and some institutional investors are even using it to instruct brokers, making…

Gaisano bank takes in Korean partner

Mei Ling Tan January 5, 2016

The Gaisano family has enlisted Woori Bank of South Korea as a strategic partner in thrift bank subsidiary Wealth Development Bank Corp. to boost the banking unit amid a competitive…

4 Quick Things to Learn from Singapore Press Holdings Limited’s Annual Report

Mei Ling Tan January 5, 2016

Reading the annual report of a company is a great way to learn more about it. I had recently read through the latest annual report from Singapore Press Holdings Limited, a…

Indonesia to import 600,000 live cows in 2016

Mei Ling Tan January 5, 2016

Agriculture Minister Andi Arman Sulaiman said the government will still import live cows in 2016 to meet domestic requirement. Andi gave no detail including number of cows to be imported,…

Garuda Indonesia to open direct flight on Shanghai-Denpasar route

Mei Ling Tan January 5, 2016

Indonesian flag carrier Garuda Indonesia is planning to start a direct flight between Shanghai, China, and Denpasar, Bali, on January 13. “The non-stop flight between Shanghai and Denpasar will operate…

Sari-sari stores in Davao City to thrive vs 7-Eleven

Mei Ling Tan January 5, 2016

Philippines’ corner stores called ‘sari-sari stores’ will be affected by growing competition from convenience stores sprouting in Davao City but they will continue to survive, according to a local government…

Hong Kong retail sales worse than expected in November

Mei Ling Tan January 5, 2016

Hong Kong’s retail sales by value declined for a ninth consecutive month in November, falling by a worse-than-expected 7.8% from a year earlier as inbound tourism slowed further, the Census…

How China’s online retail appetite is eating our lunch

Mei Ling Tan January 5, 2016

Commerce Minister Gao Hucheng (pictured) boasts online sales will reach four trillion yuan (US$16 billion) this year. China has attained the key targets (outlined in the 12th Five-Year Plan) by the end of 2015 to become a genuine giant trader, Gao said at a national meeting on commerce. As a result it has outpaced its global…

China stocks plunge 7%, activate circuit breaker for the second time

Mei Ling Tan January 5, 2016

Trading in China’s stock markets has been halted for the rest of the day, after a 7 per cent plunge in the blue-chip CSI300 index in the afternoon trading session…

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