June 19, 2026

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Volkswagen Group Considering More Cost Cuts To Cope With Downturn

Mei Ling Tan June 9, 2020

Volkswagen is considering more cost cuts to help cope with the economic impact of the coronavirus pandemic, a spokesman for the German automaker said on Saturday. The issue was recently…

Singapore retail sales down with 33 percent in April

Mei Ling Tan June 9, 2020

Singapore retail sales – excluding motor vehicles – plummeted 32.8 percent in April as Covid-19-related lockdowns saw non-essential retailers closing their physical stores. Including motor vehicles in the data, the…

Victoria’s Secret UK collapses into admin work

Mei Ling Tan June 9, 2020

The Victoria’s Secret UK business has been placed in administration – and it is not just a victim of the Covid-19 crisis, says one analyst. Echoing concerns expressed in the…

Gap the brand flounders on ‘anemic’ range driving parent’s $932 million loss

Mei Ling Tan June 9, 2020

Gap – the brand – is floundering internationally, with sales down 50 percent in the first quarter, a rate far worse than other mainstream apparel retailers in the wake of…

JD plans US$4.05 billion Hong Kong exchange listing

Mei Ling Tan June 9, 2020

Chinese e-commerce giant JD is looking to raise up to US$4.05 billion in a secondary share listing in Hong Kong. The new 133 million shares, priced at $30.45 each, most…

AirAsia Indonesia to resume flight this month amid relaxation of restrictions

Mei Ling Tan June 9, 2020

AirAsia Indonesia will resume flights on June 19 as the country has gradually relaxed rules on large-scale social restrictions, the airline said today. President director of AirAsia Indonesia Veranita Yosephine Sinaga…

Mall vacancy rates in the Philippines set to rise

Mei Ling Tan June 8, 2020

Mall vacancy rates in the Philippines will rise to 12 percent this year, predicts real estate consultancy company Colliers. The company says falling footfalls due to the Covid-19 pandemic and…

First 7-11 in Hunan sets massive record

Mei Ling Tan June 8, 2020

The first 7-Eleven in Hunan has broken the global opening-day sales record for the convenience-store brand, reporting US$70,310 of turnover. According to the Federation of Industry and Commerce of Hunan,…

BreadTalk delisted after privatisation plan finalized

Mei Ling Tan June 8, 2020

Singaporean bakery and restaurant operator BreadTalk is to be delisted from the Singapore stock exchange tomorrow (June 5) following its mandatory acquisition by BTG Holding. The firm applied to delist…

Malaysian startup installs ‘Coffee ATMs’ for frontline medical workers

Mei Ling Tan June 8, 2020

One-year-old Malaysian startup Coffee Star has provided self-service dispensing machines – dubbed ‘Coffee ATMs’ – to medical frontliners serving free beverages during the coronavirus pandemic. The machines were delivered to…

Canali expands China retail presence

Mei Ling Tan June 8, 2020

Italian luxury-apparel label Canali has extended its retail footprint into seven additional cities in China. The firm has assumed control of the stores, which were selling its own branded goods…

Kimly buys six food outlet stores

Mei Ling Tan June 5, 2020

Singaporean coffee shop operator Kimly has completed acquisitions of six food outlet properties for US$25.4 million. The acquisitions include two coffee shops, three industrial canteen units, and a restaurant. The…

JD.com fosters local stalls and small stores in China

Mei Ling Tan June 5, 2020

Chinese e-commerce giant JD is moving to stimulate small and medium enterprises nationally by providing supply chain and service support for the employment of more than 5 million people. The…

Diamond prices showing signs of revival

Mei Ling Tan June 5, 2020

Asia is driving early signs of a revival in diamond prices amid an unstable global market affected by the Covid-19 crisis and protests. Rapaport, which monitors diamond trading trends, says…

Uniqlo opens new Vietnam store, goes online in the Philippines

Mei Ling Tan June 5, 2020

Japanese fast-fashion retailer Uniqlo is to open its third store in Ho Chi Minh City this week and will debut online in the Philippines. Less than a month after the…

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