June 17, 2026

Latest News

Luk Fook sales plummet by half in first two months of 2020

Mei Ling Tan March 20, 2020

Hong Kong jeweler Luk Fook says its sales halved during the first two months of this year as the coronavirus outbreak caused an extensive lockdown of mainland Chinese cities and…

WhatsApp, in collaboration with the World Health Organization

Mei Ling Tan March 20, 2020

As we all know, social media platforms have been filled with misinformation regarding the current public health situation, and tech giants are striving to bring the situation under control. Now,…

Bookstore chain Popular exits Hong Kong, shuttering all 16 stores

Mei Ling Tan March 20, 2020

Singapore-based bookstore-chain Popular has fallen victim to the coronavirus pandemic and shuttered all 16 stores in Hong Kong, effective immediately. However, Popular’s other non-retail businesses in publishing and distribution will…

Samsung is looking into its own cloud service, likely to ditch its current provider

Mei Ling Tan March 20, 2020

Samsung has decided upon self-reliance and is trying to substitute its cloud service provider. Samsung’s cloud currently relies 60% on Amazon Web Services, reports SamMobile, while the remaining 40% is outsourced…

Samsung expects 5G demand to drive chip sales higher in 2020

Mei Ling Tan March 20, 2020

Thanks to the coronavirus, most of the world’s tech manufacturers are facing a situation that they’ve never had to deal with before. Navigating a global economy that has been turned…

Asian sales hold up for Samsonite International

Mei Ling Tan March 20, 2020

A soft North American market saw global sales for luggage maker and retailer Samsonite International slip 1.8 percent in the December year – but the company is expecting a tough…

HSBC cutting 35,000 Jobs in a Pandemic

Mei Ling Tan March 20, 2020

Newly confirmed HSBC group chief executive Noel Quinn has barely enough time to celebrate as he grapples with how to cut 35,000 jobs in the midst of a coronavirus pandemic…

Citi Appoints Asia Chief Operating Officer

Mei Ling Tan March 20, 2020

The senior executive takes on a new role, according to an internal memo shared after two decades with Citi’s equities and markets unit. Citi has appointed Andrea Fletcher as its chief…

Robinsons may quit one Kuala Lumpur site

Mei Ling Tan March 20, 2020

Singaporean department-store chain Robinsons may close one of its locations in Kuala Lumpur before its lease expires due to lackluster performance. The store launched a four-story 20,000sqft space in The…

Tencent costs surge as competition Bytes

Mei Ling Tan March 20, 2020

Soaring costs saw Tencent Holdings report a net income of US$13 billion for last year, after a slow fourth quarter, which concerned analysts given the subsequent impact of the coronavirus…

Malaysian retail expected to contract

Mei Ling Tan March 20, 2020

Retail Group Malaysia (RGM) predicts Malaysian retail sales will contract by 3.9 percent year-on-year in the first quarter of this year. The estimate is based on footfall having halved during…

Esprit warns of big loss as Europe shuts down

Mei Ling Tan March 19, 2020

Fast-fashion retailer Esprit says foot traffic into its stores worldwide have evaporated in the wake of the coronavirus pandemic and warned shareholders to expect a “considerable loss”. Public health initiatives…

Google Translate gains a very convenient transcription feature

Mei Ling Tan March 19, 2020

As handy as Google’s crazy popular translation tool has always been, there was something missing that could make all our lives even easier. We’re talking about a real-time transcription feature,…

McDonald’s UK to scrap plastic Happy Meal toys

Mei Ling Tan March 19, 2020

McDonald’s UK is ditching its plastic Happy Meal toys in favor of more sustainably produced alternatives in its stores. In a move to reduce the firm’s plastic waste by more…

HSBC Confirms Permanent CEO

Mei Ling Tan March 19, 2020

HSBC finally settles on a permanent group chief executive seven months after the exit of predecessor John Flint. Former interim chief executive Noel Quinn will take the top job permanently, effective immediately, adding much-needed…

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Latest News

Luk Fook sales plummet by half in first two months of 2020

WhatsApp, in collaboration with the World Health Organization

Bookstore chain Popular exits Hong Kong, shuttering all 16 stores

Samsung is looking into its own cloud service, likely to ditch its current provider

Samsung expects 5G demand to drive chip sales higher in 2020

Asian sales hold up for Samsonite International

HSBC cutting 35,000 Jobs in a Pandemic

Citi Appoints Asia Chief Operating Officer

Robinsons may quit one Kuala Lumpur site

Tencent costs surge as competition Bytes

Malaysian retail expected to contract

Esprit warns of big loss as Europe shuts down

Google Translate gains a very convenient transcription feature

McDonald’s UK to scrap plastic Happy Meal toys

HSBC Confirms Permanent CEO

Asia’s High-Net-Worth Travellers Now Have a World-First Option: A Private Sailing Membership That Moves With Them

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