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Naver says it’s not interested in opening an internet bank

Naver said Monday that it has no plans to launch an internet-only bank, shutting down rumors that the IT giant

Supermarket, apparel sales not looking good in Japan

Japanese supermarket sales edged down 0.2 per cent in a third consecutive year of declines, according to figures released by

Viettel gets one-year 5G trial license

Vietnam’s largest telecommunications company Viettel has received a license to trial its 5G services. The trial is licensed for a

Boom abroad for Hyundai Mobis high-tech car parts

Hyundai Mobis said Tuesday it logged $1.7 billion worth of orders for high-tech automotive parts from non-Korean customers last year,

Taoyuanming Shanghai tests automated stores

Swedish-Chinese firm MobyMart is expanding its automated store format in China in collaboration with Shanghai fruit retailer Taoyuanming. Two stores

Oil prices fall on worries fuel demand to stall amid slowing global growth

Oil prices declined on Thursday amid lingering concerns over slowing global economic growth that may limit fuel demand and after

Hyundai Motor offering a bigger, better Universe

Hyundai’s Universe is about to get bigger. Hyundai Motor unveiled an updated version of its luxury coach, the Universe, on

Gold rises as growth concerns, US govt shutdown weigh on dollar

Gold prices rose on Thursday as the dollar declined due to concerns the prolonged U.S. government shutdown will limit economic

Tech sector forecast to see slower growth ahead

Hong Leong Investment Bank (HLIB) Research anticipates slower growth in the technology sector due to downside risks in the macro

Sunway, Hoi Hup Realty wins land tender in Singapore

The Housing and Development Board of Singapore has awarded a parcel of land measuring 2.5ha to Sunway Bhd’s Singaporean unit

Hugo Boss Asia-Pacific boosted sales

German menswear retailer Hugo Boss has seen sales growth accelerate in the fourth quarter of 2018, driven by Asia. Comparable-store

Freshly brewed coffee is rising in China

Although Luckin Coffee, a chain of coffee shops in China, disclosed a loss of 857 million yuan (RMB) last year, they

Pricerite shows how it embraces robotic technology

A lot of Hong Kong retailers are talking about technology right now, but before they even started, Pricerite founder and

AirAsia, AirAsia X in RM400m counterclaim against MAHB

AirAsia Group Bhd and its affiliate AirAsia X Bhd are seeking over RM400 million in counterclaims against Malaysia Airport Holdings

Tourists devote a quarter of budget to shopping

Retail shopping continues to be the largest expense for tourists from China, according to a survey from Nielsen and Alipay,

RAM Malaysia lowers inflation forecast for 2019 to 2%

RAM Ratings, which expects inflation to inch up to 0.3% in December 2018 from 0.2% in the previous month, has

AirPass helps Aussie retailers woo Chinese shoppers

Recently, Australia fintech company AirPay Financial Technologies announced its regional collaboration with China leading mobile payment technology company SwiftPass to

JD.com has just marked a breakthrough for drone delivery in Southeast Asia

JD.com announced the completion of Indonesia’s first government approved drone flight – a breakthrough for drone delivery in Southeast Asia.

Malaysia may feel bite of China economic slowdown

The slowdown in China may impact Malaysia more given the strong trade linkage with China, according to PublicInvest Research. “China

Xiaomi opens massive Mi store in Paris

Chinese electronics firm Xiaomi has opened its largest European Mi Store in Paris. Queues for the January 18 1pm opening

Xiqu Centre finally opens in Hong Kong

Hong Kong’s new performing arts venue dedicated to Xiqu (Chinese Opera), has just opened. Located on the Eastern edge of

Malaysia’s GDP growth likely to return to 4.6-5.0% range in 2020: UBS economist

Malaysia’s real gross domestic product (GDP) growth is likely to return to the 4.6-5% trend range in 2020 as economic

Reebonz to use blockchain technology to assure authenticity

Southeast Asian online luxury marketplace Reebonz is exploring blockchain technology as part of its strategy to demonstrate the provenance of

Vietnam’s FastGo eyes US, Brazil expansion

Vietnamese ride-hailing company FastGo plans to enter the U.S. and Brazil this year as it seeks to quickly expand overseas.

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