June 18, 2026

Latest News

BMW Cuts Margin Outlook For Cars Division

Mei Ling Tan May 7, 2020

BMW on Tuesday lowered the outlook for the profitability of its automotive and motorcycles divisions, citing worse-than-expected demand which has been hit by measures to contain the coronavirus. BMW said…

Honda Retrofits 10 Minivans To Transport Detroiters For Virus Tests

Mei Ling Tan May 7, 2020

Honda Motor Co said on Tuesday it has delivered 10 modified Odyssey minivans to the city of Detroit to safely transport healthcare workers and people potentially infected with COVID-19 for…

UOB Earnings Hit By Declining Interest Rates

Mei Ling Tan May 7, 2020

UOB’s Q1 2020 net earnings are down 15 percent on-quarter and down 19 percent on-year, hit by declining margins and higher credit costs. UOB reported a quarterly profit of S$855 million,…

Hong Kong retail sales down in March

Mei Ling Tan May 7, 2020

March Hong Kong retail sales slumped by 42 percent year on year as the Covid-19 pandemic forced Mainland Chinese shoppers to stay at home. According to The Census and Statistics…

Victoria’s Secret sale cancelled due to spin off activity

Mei Ling Tan May 7, 2020

The ongoing saga of Victoria’s Secret’s survival took another significant turn overnight as parent L Brands confirmed the deal with private-equity company Sycamore Partners was canceled and it now plans…

Robinsons Jem mall store in Singapore about to close

Mei Ling Tan May 7, 2020

Singapore department store Robinsons is to close its store in Jem mall in what it terms an “amicable exit” after negotiations with landlord, Lendlease. The Robinsons Jem store will close…

France says that Apple won’t allow the iPhone to work with its “StopCovid” app

Mei Ling Tan May 7, 2020

European countries have been upset at Apple for making it harder for them to get their own contact tracing platforms up and running on the iPhone. These countries want to…

Tinder’s next major update is all about video dating

Mei Ling Tan May 7, 2020

As more people are leaning towards video dating and with the restrictions imposed by the coronavirus pandemic, developers and service providers are trying to find ways to keep these people…

Institutional and retail investors: US vs China

Mei Ling Tan May 7, 2020

When being compared to the USA’s stock markets, China’s markets are fairly young. Even though the Shanghai Stock Exchange (SSE) dates back as early as the 1860s, it was in…

AirAsia to resume flights from Surabaya to two major Malaysian cities

Mei Ling Tan May 7, 2020

Low-cost carrier AirAsia Indonesia will soon resume flights from Surabaya, East Java, to the Malaysian cities of Kuala Lumpur and Johor Baru after they were temporarily stopped on April 1…

PAL, Cebu Pacific hope to resume regular operations soon

Mei Ling Tan May 6, 2020

Philippine Airlines (PAL) is hoping it can resume international and domestic operations in limited capacity flights on May 16. “We are preparing and identifying routes for possible bookings, but we…

March retail sales in Singapore down

Mei Ling Tan May 6, 2020

March retail sales in Singapore fell 9.7 percent year on year in March 2019, as tourist numbers fell and locals spent less on discretionary items in the wake of the…

South Koreans move from malls to markets in Covid-19’s wake

Mei Ling Tan May 6, 2020

Offline retailers in South Korea, once on the verge of a crisis after consumers flocked to e-commerce vendors following the coronavirus outbreak, are now seeing a chance to make a…

SM Aura launches online shopping service during lockdown

Mei Ling Tan May 6, 2020

Philippine shopping mall SM Aura Premier has launched an online shopping service for customers facing restrictions on movement during the coronavirus pandemic. The Aura Concierge system allows customers to select…

First European Apple Store to reopen on Tuesday

Mei Ling Tan May 6, 2020

Apple’s sole retail location in Vienna, Austria will resume operations on May 5. The company’s CEO Tim Cook had earlier indicated that the store would reopen by mid-May. Since infection…

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