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02/05/2024 Shopee races past other e-commerce rivals ( E-Tailing )
30/04/2024 TikTok, Facebook, and other foreign service providers pay $575M in taxes ( General )
29/04/2024 Sacombank assures no loss on $141M loan to Bamboo Airways ( General )
29/04/2024 Skype rolls out update with new features for both Android and iOS ( General )
26/04/2024 Changi Airport Group awards OUE tender for lease and development of new hotel at Changi Airport Terminal 2 ( General )
26/04/2024 Korean Air to launch new route to Macau ( General )
26/04/2024 WhatsApp is working on an option to stop notifications when someone reacts to your status updates ( General )
24/04/2024 Puma to launch compostable shoes after a two-year pilot project ( Fashion )
24/04/2024 7-Eleven eyes 100,000 stores globally by 2030 ( General )
24/04/2024 Vietnam tops Southeast Asia in number of Apple suppliers ( Electronics )
24/04/2024 FPT and Nvidia to build $200M AI factory in Vietnam ( Electronics )
23/04/2024 Google Meet now lets users make annotations during presentations ( General )
22/04/2024 WhatsApp testing scheduling feature for easier event management in Communities ( General )
22/04/2024 EU set to approve Apple’s plan to open its NFC technology for rivals ( Electronics )

Retail Asia20/11/2018

National flag carrier Garuda Indonesia’s share price surged 19 percent on Thursday after the airline said it had taken over operational control of low-cost rival Sriwijaya Air. The move is seen as an effort to help Sriwijaya improve its financial performance, while potentially expanding Garuda’s market share to challenge Indonesia’s largest airline company, the Lion Air Group. Garuda announced the […]

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Retail Asia20/11/2018

Malaysia Aviation Group (MAG) has appointed Philip See as the new CEO of Firefly, effective Jan 1, 2019. Philip will replace Ignatius Ong who joined Malaysia Airlines as group chief revenue officer in June 2018. Ignatius has been double-hatting as CEO of Firefly and group chief revenue officer. Philip, whose appointment was announced internally earlier, […]

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Retail Asia20/11/2018

Ikea Japan is preparing to open its first central Tokyo location. The 2500sqm store is planned for the fashionable Harajuku district, a central focus point for young local shoppers and tourists. Threatened by the rise of raw materials costs, Ikea is expected to struggle to maintain its low price points against strong online competitors such […]

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Retail Asia20/11/2018

Netflix content will be available on LG U+ internet protocol TVs (IPTV) today. Under an exclusive IPTV deal inked with LG U+, Netflix content, including Netflix Originals, will be aired through LG’s platform, the carrier said Wednesday. LG subscribers won’t have to replace their existing set-top boxes as they will be automatically upgraded, though services […]

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Retail Asia20/11/2018

A $500 million complex including horse racing in Soc Son District is off the shelf after 10 years. Hanoi authorities have approved the addition of the long-delayed Soc Son multi-purpose entertainment complex and horse racecourse project to the city’s master plan on socio-economic development to 2020 with orientation until 2030. The total investment for this […]

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Retail Asia20/11/2018

The head of the Creative Economy Agency, or Bekraf, said he expects the number of cinema screens in Indonesia to double over the next few years, amid growing interest in the national film industry. “We expect to see at least 3,000 screens – twice what we have today. This is because local films thrive in […]

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Retail Asia20/11/2018

United States-based Juul Labs is exploring selling its compact vaping devices in Asia and has sounded out government officials in Indonesia, one of the world’s most smoker-friendly countries, although gaining approval there could face significant hurdles. Expansion into Asia would provide the fast-growing firm with new markets at a time when it faces increased regulatory […]

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Retail Asia19/11/2018

The government fuel tax cut, which was implemented to ease the burden on rising crude oil prices, has turned out to be more effective than initially expected. According to the Ministry of Trade, Industry and Energy on Sunday, the average price of gasoline at gas stations nationwide was 1,575.2 won ($1.40) per liter during the […]

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Retail Asia19/11/2018

Bamboo Airways, Vietnam’s newest airline, is expected to make its maiden flight on Dec. 29, its founder said Friday. The first routes of the country’s fifth carrier would connect Hanoi and HCMC, and from Hanoi and HCMC to central Quy Nhon City, said Trinh Van Quyet, chairman of Vietnamese private firm FLC, the airline’s founder. […]

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Retail Asia19/11/2018

UK bookchain WH Smith is to open stores in Hong Kong after securing a franchise agreement with King Power Group (Hong Kong). The WH Smith Hong Kong outlets will open in travel retail locations such as railway stations – there is no mention in the announcement of the airport. “We are currently present in six […]

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Retail Asia19/11/2018

Fung Retailing has finally secured a deal to continue to operate the profitable Toys R Us Asia business. The privately owned Hong Kong business, which is separate to the listed Li & Fung, will boost its stake in Toys R Us Asia from 15 per cent to about 21 per cent, making it the retailer’s […]

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Retail Asia19/11/2018

Foreign home interior brands and designers are present in force and dominating the increasingly affluent Vietnamese market. Brands like Cassina, Badari Lighting, Cantori, Diemme Cucine, Formitalia, and Versace Home have entered the high-end interior market in recent years. According to the Vietnam Chamber of Commerce and Industry (VCCI), some 80 percent of luxury woodwork and […]

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Retail Asia19/11/2018

Danube Home, part of Dubai-based diversified business conglomerate Danube Group, has forayed into India by opening its first store in Hyderabad in October 2018. The brand has high hopes for the Indian market. In an exclusive interview with IMAGES Retail, Shubhojit Mahalanobis, General Manager, Danube Home says, “We see India as a country with huge potential, […]

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Retail Asia19/11/2018

In a bid to reduce global air pollution, Swedish home furnishing company IKEA last week announced its plan to turn rice straws into a new renewable material source for its products. The project, part of the company’s ‘Better Air Now’ initiative, will begin from India and is focussed on New Delhi, Gurugram and Faridabad which are among […]

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Retail Asia16/11/2018

Deputy Chief Minister of Sabah Datuk Seri Wilfred Madius Tangau said during his closing address at the 16th Annual Roundtable of Sustainable Palm Oil Conference today, the state is committed to having more palm oil produce to achieve both the Roundtable of the Sustainable Palm Oil (RSPO) and the local Malaysian Sustainable Palm Oil (MSPO), […]

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Retail Asia16/11/2018

Muji Canada is reopening its original Toronto location next week as its first flagship store in the country’s east. The Muji Atrium opened four years ago as the company’s first location in Canada. While the previous store occupied 5658sqft of retail space, the new flagship store will reach 19,110sqft spread over two floors, becoming the […]

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Retail Asia15/11/2018

In an apparent u-turn, transport giant Tracodi has approved divestment of its 30 percent stake in Vinataxi. Just months after saying it intends to increase its stake in Vinataxi, renew its fleet and install driver software, the Transport and Industry Development Investment Corporation (Tracodi) has decided to pull out. Tracodi has authorized Nguyen Thanh Hung, […]

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Retail Asia14/11/2018

Toys R Us Brunei has relaunched its Mabohai Shopping Complex store. The reopening, after extensive redesign and renovation works, attracted long queues of shoppers hoping to pick up special deals promoting the event. Along with the reopening, the store has expanded its product range by 70 per cent. Toys R Us (Singapore) group country director […]

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Retail Asia14/11/2018

Korean Air’s net profit in the third quarter more than tripled in comparison to last year largely due to increased sales of long-haul flight tickets and a business recovery in China, the company said in an earnings report on Tuesday. The company posted 267.8 billion won ($236 million) in net profit for the quarter that ended […]

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Retail Asia14/11/2018

Singaporean electronics and furniture retailer Courts Asia has posted a net loss of SG$3.1 million (US$2.25 million) in its second quarter. The result is a reversal of a net profit of $1.5 million (US$1.09 million) during the same period last year. Courts Asia said in a statement that Malaysia revenue came under pressure after the […]

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