June 19, 2026

Latest News

Grab expands grocery-delivery service into eight SE Asian markets

Mei Ling Tan June 10, 2020

Grab has expanded its grocery-delivery service GrabMart into eight Southeast Asian markets within the last three months. Initially launched in two countries as an on-demand daily essentials delivery service during…

Struggling Le Saunda warns of yet another loss

Mei Ling Tan June 10, 2020

Late last month, embattled Hong Kong-based shoe retailer Le Saunda announced its third consecutive annual loss. Yesterday it flagged yet another, at least for the first half. In a stock-exchange filing,…

Paris Baguette eyes expansion in the US, Singapore

Mei Ling Tan June 10, 2020

South Korean F&B group SPC is expanding outside of its home territory as its home-based brands reach saturation point. Plans to establish an upscale restaurant in New York-based on its…

Mulberry to cull global workforce

Mei Ling Tan June 10, 2020

Mulberry is culling about 25 percent of its staff worldwide as it right-sizes in the wake of the Covid-19 pandemic. In a statement, the UK-based fashion brand said that while it…

Dickson Concepts’ retail arm loses $US27m as tourist trade evaporates

Mei Ling Tan June 10, 2020

Hong Kong retailer Dickson Concepts describes the territory’s retail environment as “the most challenging the group has ever faced”. The company’s retail division suffered a US$27 million loss last year,…

Siam Piwat & Simon JV opens in Bangkok in Siam Premium Outlets

Mei Ling Tan June 10, 2020

Siam Piwat and partner Simon Property Group will open Siam Premium Outlets in Bangkok next week. Located near the Suvarnabhumi International Airport, the first Premium Outlets-branded shopping center in Thailand…

Is It the right time to invest in Thai properties?

Mei Ling Tan June 9, 2020

Recently, the Bank of Thailand has announced a repo cut of 1% to stabilize the Thai economy. The move has shocked many experts as they consider it as a drastic…

AirAsia to slash workforce by at least 30%

Mei Ling Tan June 9, 2020

Southeast Asia’s biggest low-cost carrier AirAsia Group is set to reduce its workforce by up to 30% as founder Tony Fernandes considers selling a 10% stake in the airline to raise…

AT&T starts rolling out a potentially game-changing 5G technology

Mei Ling Tan June 9, 2020

There’s been a lot of talk over the last few months about T-Mobile’s great progress in terms of 5G coverage and speeds, as well as Verizon’s early (and impressive) lead in the latter department. Meanwhile,…

Online marketplace Tiki gets US$130 million funding

Mei Ling Tan June 9, 2020

Vietnamese online marketplace Tiki has successfully raised US$130 million in its latest funding round led by Northstar Group. According to Deal Street Asia, the total value of the investment may…

China Auto Sales Growth Seen For Second Straight Month

Mei Ling Tan June 9, 2020

China’s vehicle sales are estimated to rise 11.7% on year in May, its top auto industry body said on Tuesday, cementing hopes of a recovery in the world’s biggest auto…

Taiwan’s O’right makes Japanese start

Mei Ling Tan June 9, 2020

Taiwanese beauty brand O’right is to make its debut in Japan this week. O’right’s first store will open in Isetan Shinjuku on June 10, followed by a second store in…

Malaysia’s IPC mall launches trash-to-treasure recycling campaign

Mei Ling Tan June 9, 2020

Malaysian mall IPC mall has launched a campaign to promote recycling as part of the “new normal”. At a time when national recycling efforts have been put on hold, visitors…

Online shopping in Singapore soars in Covid-19’s shadow

Mei Ling Tan June 9, 2020

Online shopping in Singapore has surged since the outbreak of the coronavirus pandemic. Research from data and analytics firm GlobalData suggests the effect on the country’s e-commerce market will be…

Aston Martin To Shed Upto 500 Jobs In Cost Cutting Drive

Mei Ling Tan June 9, 2020

British luxury carmaker Aston Martin plans to shed up to 500 jobs as it seeks to bring its cost base into line with reduced sports car production levels, it said…

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